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...energy efficiency as the best way to sustainably grow America's moribund economy, and he mentioned clean coal, biofuels and nuclear power (though not renewable energy), and he talked up the need to pass a "comprehensive energy and climate bill." But notably, he said nothing about putting a price on carbon - which is considered by most greens to be the key move to reduce global carbon emissions...
...master in 1804, Haiti was not welcomed into the international community of independent nations. The United States, viewing a nation of former slaves as a threat to slavery in the Western hemisphere, refused to grant diplomatic recognition to Haiti until 1862. The French demanded that Haiti pay an unreasonable price for the new nation to receive diplomatic recognition—150 million gold francs to French citizens who lost property and assets during the Haitian Revolution. Needless to say, repaying a debt representing five times Haiti’s export revenue for 1825 drained the government’s coffers...
...provisions in the bill. Additionally, the healthcare plan prevents the young from capitalizing on their good health. Factors, including limiting the amount that companies can charge older patients, preventing the denial of coverage based on preexisting conditions, and “community rating”—or price controls—to limit the ability to offer lower costs to lower risk patients, would likely mean that younger workers would have to pay more for their basic healthcare coverage, despite being healthier...
...China is facing the consequences of its largesse. Fears are rising that Beijing's easy-money policies have fueled a potential property-price bubble. According to government data, average real estate prices in Chinese cities jumped 7.8% in December from a year earlier - the fastest increase in 18 months. The credit boom has also sparked worries about the nation's banking system. Many economists expect the large surge in credit to lead to a growing number of nonperforming loans (NPLs). In a November report, UBS economist Wang Tao calculates that if 20% of all new lending...
...continued strength in India's banks. A January report by economic-research outfit Centennial Asia Advisors noted that based on available data, "there was no sign that domestic banks' nonperforming assets were deteriorating materially." Nor do analysts harbor the same concerns that India's monetary policies are sending prices of Indian real estate to bubble levels. "India's growth, though less stellar, does have the reassuring factor that the [risks of] asset price bubbles are less," says Rajat Nag, managing director general of the Asian Development Bank in Manila...