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...Dhabi's leadership is all the more necessary at a moment when once vibrant green businesses are flagging, thanks in part to the plummeting price of oil. In the U.S. and Europe, new wind- and solar-power installations are slowing, energy start-ups are starving for funds and some green companies are laying off workers. But it's still full speed ahead in Abu Dhabi, where last month's World Future Energy Summit (WFES) attracted more than 16,000 visitors and companies that ranged from General Motors to modest Chinese solar manufacturers. And with a new Administration in Washington struggling...
...50¢ a gal. (13¢ per L), and public transport is all but nonexistent. The World Wildlife Fund says the U.A.E. has the biggest per capita carbon footprint in the world, and parched Abu Dhabi uses more water per person than anywhere else. There are no plans to put a price on carbon, as even the U.S. is considering. Lehmann and others would prefer to see Masdar spend its billions greening Abu Dhabi itself, not building an entirely new settlement in vacant desert. "We have to have every city be an eco-city," Lehmann says...
...like biplanes, become obsolete. Tail-mounted GPS kits have given even dumb bombs amazing accuracy once they are pushed out the door of a lumbering cargo plane. Missiles launched from ships or subs have further minimized the need for penetrating warplanes. Meanwhile, much of the Raptor's sky-high price--and that of accompanying jammer planes and rescue helicopters--is driven by the need to get the pilot into harm's way and then safely out. Even worse, while the Air Force wants more fighters from a bygone era, it has been underbuying the drones that will rule the skies...
...vaunted mobility has already been scrapped; the Army has abandoned plans to transport all those vehicles to the battlefield aboard C-130 cargo planes because they are too heavy. Costs are on the rise as well: the Army was able to keep the FCS's total price tag at $160 billion only by killing four of the program's 18 platforms in 2007--and is likely to continue cutting them to keep down the expense...
...core issue is that there aren't enough people buying houses. Usually, when price goes down, demand rises, but in the housing market, falling values make potential buyers fearful, sending them to the sidelines as they wait to see how much cheaper homes will get. If we could restore buyers to the market, the thinking goes, prices would stabilize, delinquent borrowers could sell instead of falling into foreclosure, and the value of the mortgage-related securities contaminating our financial system would stop being such a mystery...