Word: richness
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...leaders to justify cutting carbon. A recent study by the Government Accounting Office (GAO), the independent investigative arm of Congress, sharply criticized the Clean Development Mechanism, the U.N. body that oversees the Kyoto Protocol's carbon-trading practices. The GAO found that carbon offsets - whereby a company in a rich nation pays for a carbon-reducing project elsewhere in lieu of cutting emissions itself - were at best a "temporary solution," not the answer to climate change. A new study by the National Center for Atmospheric Research and the University of Colorado found that there was little evidence that developing nations...
...will Poznan be a waste? No - provided we put it in the right perspective. Worldwide, our way of life is so wedded to carbon that simply legislating greenhouse-gas reductions may not be possible - as rich nations like Japan, which have struggled to meet their Kyoto obligations, have discovered. Meaningful reductions will require technological advances on energy that have yet to be developed, and the U.N. can't force that process. But it can work to focus the world's attention on climate change and help map out the policy framework - including on issues like tropical deforestation - that will speed...
Ponnuru's party has been repudiated because Americans have finally realized that Republicans have long gone out of their way to take money from the poor and give it to the rich through tax breaks, deregulation and Executive Orders. Some Republicans shouldn't be worried about reforming the party; they should be worried about staying out of jail. Guy Falcone, REDWOOD CITY, CALIF...
Spending Where It Counts Sol Kerzner is reported as having spent some $20 million on an extravaganza to open his Atlantis resort in Dubai, to which he invited the very rich and famous [Dec. 1]. Yet in his own home town of Johannesburg where, as in the rest of South Africa, over half the population is under 25 and many are AIDS orphans, this generation - and the next - faces widespread unemployment, a struggle for education in derelict and under-resourced schools, and homelessness in an environment riddled with crime. The challenge goes out to Kerzner to put an equivalent...
...don’t have to be bitter at Harvard or taken in by an elliptical populist desire for eating the rich in order to suggest that the endowment should be taxable. You only need to make an honest assessment of the purpose that taxes play in our society, and realize that sometimes we must submerge our immediate advantages under the title of the common good...