Word: stressed
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Last week, while the financial world was obsessing over stress tests for fragile banks, the environmental and agricultural worlds were watching the results of the Obama Administration's stress tests for renewable fuels. An outgrowth of the 2007 energy bill, the tests were supposed to document whether corn ethanol and other biofuels designed to replace fossil fuels would accelerate or alleviate global warming overall. But like the much-criticized bank checkups, these stress tests don't seem particularly stressful...
...life cycle, but that in some scenarios, corn ethanol (as well as lesser-used soy biodiesel) can produce even more emissions than gasoline. Some environmentalists and journalists have portrayed this as a courageous rebuke to the powerful agro-fuels lobby, while some advocates for farmers have complained that the stress tests were too tough. At a hearing after the announcement, House Agriculture Committee chairman Collin Peterson, a Minnesota Democrat, accused the EPA of attacking corn and soybean farmers. "You're going to kill off the biofuels industry before it even gets started," Peterson said. "You are in bed with...
...should be the last month that the figure can rise by more than 500,000. If June is much worse, then the recovery is hardly taking hold. Second quarter earnings for banks will have to be relatively strong or the hope of a rebound in the sector, which the "stress tests" indicated is possible, will dwindle. Investors may begin to think that the test criteria were too liberal. If that happens, the public's faith in the capacity of the federal government's ability to find systemic problems in the financial sector and solve them will diminish quickly. Nothing could...
...Meanwhile, automotive suppliers have petitioned the Treasury Department for an additional $8 billion and GMAC, which is now a bank, will need $11.5 billion in new capital according to the U.S. Treasury Department's stress tests...
...inaugural Summer Internship Program on Sustainable Development in Mexico has placed eight undergraduates in various rural communities in the southern part of the country. Barron said that as of last Thursday, all eight students still plan to attend the program. “We want to stress that not only has the University been monitoring the situation, but on an individual level we at the David Rockefeller Center have had the chance to talk with everyone about safety procedures,” Barron said. “We’ve met with every single student traveling to Mexico about...