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...absence of congressional action, the President does have other options. The Environmental Protection Agency (EPA) on Wednesday announced a proposed rule that would regulate carbon emissions from large emitters - primarily power plants - that emit 25,000 tons of greenhouse gases or more. The rule is the latest step in the EPA's response to a 2007 Supreme Court case that classified carbon dioxide and other greenhouse gases as pollutants that required EPA regulation under the Clean Air Act. The proposed rule will oblige those large emitters to get permits that demonstrate they are using the best available technology for controlling...

Author: /time Magazine | Title: Proposed U.S. Carbon Cuts: All Bark, No Bite? | 10/1/2009 | See Source »

...proposed rule marks the first time the Federal Government has tried to regulate stationary sources of greenhouse-gas emissions. But again, the details are far from certain. It's not clear yet what "best available technology" will mean for carbon - especially in the case of new coal plants, which have no real way to drastically limit carbon emissions. And the rule is certain to come under attack from industry opponents; by putting only large emitters under the proposed rule, the EPA saves a lot of expense for small businesses but could be accused of being unfair to larger ones...

Author: /time Magazine | Title: Proposed U.S. Carbon Cuts: All Bark, No Bite? | 10/1/2009 | See Source »

...grammatical rule governing phrasal adjectives compounds the confusion (no pun intended); multi-word descriptors (such as “health care”) must be hyphenated when they appear before a noun (as in “health-care reform?...

Author: By Nathaniel S. Rakich | Title: The Battle Over “Healthcare” | 10/1/2009 | See Source »

...travel bans are enacted, Kenya would join the company of Zimbabwe and Sudan in being countries with officials who are not allowed entry to the U.S. And the last time the IMF and World Bank suspended loans to Kenya was in the late 1990s, under Moi's dictatorial rule. All this comes at a trying time for the country. The Kenyan economy has been hobbled by the post-election violence and a punishing drought. Staff who conducted a recent census have been unpaid, and the financial crisis has robbed many people of their income, meaning fewer tax receipts...

Author: /time Magazine | Title: The Talk of Kenya: What Does Obama Have Against Us? | 10/1/2009 | See Source »

...actually tell their shareholders about the cost until the asset is gone. For you and me, it would be like shoplifting at the supermarket and then dropping off cash every time you decided to eat something. A can of beans might not cost you anything for years. The rule is supposed to match the revenue generated by the stuff a company buys with its costs, and it is called depreciation. But to anyone other than a CPA, it looks like a sleight of hand. (See pictures of the top 10 scared stock traders...

Author: /time Magazine | Title: Can an Accounting Trick Rescue the FDIC? | 9/30/2009 | See Source »

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