Word: regionality
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Washington is running out of excuses to act on climate change. That's the message from the Midwest, where governors from nine states in the region, along with the Canadian province of Manitoba, on Wednesday signed a landmark deal to reduce energy consumption, promote renewable power and cut carbon emissions. Hammered out at a regional summit in Milwaukee, the pact calls for a 2% reduction in energy use by 2015, with a 2% cut every year after that; an increase in the availability of a cleaner ethanol-gasoline mix known as E85; and 10% of the region's electricity...
...Midwest isn't the first part of the U.S. to set up such a regional climate deal - the Northeast, the Southwest and the West have already signed similar deals. But the Midwest runs red politically and is carbon-heavy on energy. With 22% of the U.S. population, the Midwest produces 27% of its greenhouse gas emissions, thanks largely to the fact that many of the states rely heavily for power on coal, the most carbon-rich fuel (71% of the region's electricity comes from coal, compared to 49% nationwide). The deal isn't perfect. Too much emphasis is placed...
...truly intrepid can consider Russia's Kamchatka region (Vertikalny Mir, www.vertikalny-mir.com, is an experienced operator) or the Himalayas (try Himachal Heli, www.himachal.com). But wherever you choose, think long and hard, and amass plenty of funds, before you step into the chopper. The heli-ski beast is a hungry one, and will need feeding for life once unleashed...
...best in Latin America. Argentina has parlayed a cheaper but stable peso into record export earnings. "Argentina," crows Central Bank president Martín Redrado, "is enjoying its most solid macroeconomic context of the past 30 years." In Brazil, Lula's election (and 2006 re-election) did not render the region's largest economy a leftist basket case. Instead, inflation has fallen from 12.5% in 2002 to less than 4% today. Brazil's real has climbed 56% against the U.S. dollar, and the São Paulo stock exchange, the Bovespa, is soaring. And since the U.S.-Chile free-trade agreement took...
...carriers in Asia that they have in the U.S. and Europe. A tighter web of regulation provides established airlines more protection by preventing low-cost carriers from hopping from city to city around Asia the way Ryanair does in Europe. With only 2% of airline capacity in the region, the budget carriers have a long way to go to challenge the big boys. Most of all, major Asian airlines have much lower costs than their U.S. and European counterparts, allowing them to compete more easily. In Europe, for example, no-frills airlines have costs that are 60% lower than those...