Word: standardizing
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...quantifiable standard, the city is on life support. Detroit's treasury is $300 million short of the funds needed to provide the barest municipal services. The school system, which six years ago was compelled by the teachers' union to reject a philanthropist's offer of $200 million to build 15 small, independent charter high schools, is in receivership. The murder rate is soaring, and 7 out of 10 remain unsolved. Three years after Katrina devastated New Orleans, unemployment in that city hit a peak of 11%. In Detroit, the unemployment rate is 28.9%. That's worth spelling out: twenty-eight...
...wages if the Big Three would reduce the price of their cars. But by the early 1980s, the UAW had entered into a nakedly self-interested pact with the auto companies. After the union's president joined GM's chief congressional lobbyist to defeat a tougher mileage standard in 1990, the lobbyist declared that "we would not have won without the UAW." It was, he said, "one of the proudest days of my life...
...world's fastest growing big economy is ready to move into one of the world's fastest growing financial markets: carbon-trading. The China-Beijing Environmental Exchange (CBEEX) and the French emissions exchange BlueNext announced on Sept. 23 that they were putting together a carbon market standard for China. Although details at the announcement were fuzzy - aside from the fact that it would be called the Panda Standard - the move is an early step toward creating a voluntary carbon-trading system in China. Although China is still very far from accepting the mandatory carbon caps used by countries covered...
...world can sponsor carbon-cutting projects in China under the Kyoto Protocol to earn offsets. But the CBEEX-BlueNext collaboration could allow Chinese companies themselves to begin to get involved in the offset market, just as voluntary markets in the U.S. have done for American companies. For now, the standard will focus on agriculture and forestry projects, with expectations that it will grow to cover Chinese transportation, power and manufacturing. "We think that Chinese companies are very aware of their greenhouse-gas emissions and climate change and that they're keen to support a voluntary carbon-reduction initiative in China...
...means to create nuclear weapons. The specter of a nuclear-armed Iran has, in turn, sparked interest in acquiring nuclear technology among a number of Arab countries that are wary of Iranian power. And, of course, Iran has constantly referred to Israel's nuclear program in alleging a double standard on the part of its critics...