Word: projectable
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...sign that the season for hard decisions has arrived. Obama continues to project an air of confidence about the most audacious undertaking of his presidency. "For those naysayers and cynics who think that this is not going to happen," he said on July 13, "don't bet against us." The next hurdle is to get a bill through the House and Senate by the time Congress adjourns for its August break. White House officials concede that missing that deadline could throw the entire exercise off track, because it would give opponents a month to undermine it. Says...
...Shai Agassi, of A Better Place, and Tom Casten, of Recycled Energy Development. What's been holding back other people with big ideas about energy efficiency? Breaking through in a big way with an idea revolving around alternative energy or efficiency is hard because, in most cases, these projects don't assume to be profitable for years. Agassi has found success because he was already a giant in the world of software. Coming up with $100 million for an electric car project would be a nearly impossible task for anybody without the clout of Agassi. It's interesting to watch...
Distancing the agency from a project with Cheney's fingerprints was politically astute. "As a good politician, Panetta probably knew that [Cheney's involvement] was precisely the reason we should get nervous about it," says Paul Pillar, a former deputy director of the CIA's Counterterrorist Center...
...five countries that signed the agreement - Turkey, Romania, Bulgaria, Hungary and Austria - have been working on the ambitious $11 billion Nabucco project for seven years. The development of the pipeline, which will run initially from the Turkish capital to Baumgarten in Austria, has been beset by political bickering. But if completed as planned by 2015, the line could bring up to 31 billion cu m of gas a year from the Caspian Sea and the Middle East across Turkey and into Europe. (See pictures of Obama in Europe...
...Funding is another issue. The European Commission has promised $350 million from the E.U.'s $7 billion economic-stimulus fund to jump-start the project, and the European Investment Bank has said it is prepared to finance up to a quarter of the pipeline's cost, about $3 billion. But with other private and public sources hesitating to commit, Nabucco's future is still in doubt...