Word: surplus
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Dates: during 2000-2009
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...Japan panel companies and the national government kick-started solar-power adoption with subsidies. A consumer who installs a solar-panel array on a house can sell surplus energy to the local utility. Germany has implemented that model most successfully, and it has been adopted not just in Japan but in South Korea and other European countries. Even with incentives, start-up costs are high, about $20,000 per household in Japan. "The biggest priority now is to reduce costs," says Seiichi Kiyama, general manager of the commercial group of Sanyo Electric's solar division...
...diet to having 2%. I knew the Atkins plan was doomed when a diet designed to let you indulge in Lardcicles was losing its willpower and selling people low-carb versions of the rolls and bagels it had demonized. It got so bad that last September Atkins was sending surplus low-carb products to food banks in Appalachia, which to me just seems cruel...
...response, a Chinese Foreign Ministry spokesman?representing a government elected by no one?felt compelled to say publicly that Congress should butt out. Economic tensions with China were already front and center for many Congressmen, obsessed as they have been all year with China's surging trade surplus and a currency that was not revalued until July 21, and the Foreign Ministry did CNOOC no favors in Washington by weighing in. "For [them] to declare that Congress ought to get out of the issue [was] just totally naive, and absolutely inflamed the Congress," says C. Richard D'Amato, chairman...
...Politics mostly. China has a huge trade surplus with the U.S., which has Congress threatening tariffs on Chinese imports. But economics played a role too. China's off-the-charts growth would naturally lift its currency in a free market, which China is trying to achieve. This is a first step toward a free-floating yuan--possibly by the 2008 Olympics in Beijing...
...Still, this initial yuan adjustment will do very little in itself to address China's yawning trade gap. Merrill Lynch predicts that China's trade surplus could exceed $90 billion this year?nearly three times larger than in 2004. U.S. critics of China will likely keep agitating for a full float of the yuan?mean-ing that it would trade at whatever exchange rate the market determines. "We expect more," said U.S. Senator Charles Schumer, one of the sponsors of the bill that would impose a punitively high tariff on Chinese imports...