Word: system
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...Arguments over the cap and trade system, as it is known, and especially its effectiveness compared to a carbon tax, have fizzed for years. Both mechanisms slap a price on emissions, and urge those affected to invest in more efficient uses of energy. Critics of taxes say that they're open to fluctuation and that certain industries can win exemptions, undermining a tax's efficacy. Opponents of cap and trade systems, meantime, level similar charges. This much is sure: while taxes might fix the short-term cost of emitting CO2, helping homes and businesses figure out how much to invest...
...plan, by comparison, will cover roughly double that portion, says Simon Tilford, chief economist at the Centre for European Reform in London. (Unlike the U.S., Europe, didn't include the petroleum sector in its own scheme, preferring to more heavily tax the industry instead.) Extending the "fiendishly complicated" system, as Tilford calls it, would be enormously difficult. Brussels "is worried that this system is not yet fully perfect," says Egenhofer of the Centre for European Policy Studies, "that if you get diffuse sources, such as households and cars, it gets very complex, and potentially expensive." (Read: "The Chevy Volt...
...Fortunately, Harvard Art Museum—which according to Manoogian has a system of security measures in place that meets recommended practices for museum security—has never faced the embarrassment of a successful heist. Still, a few crimes have been attempted, according to one Sackler guard. One Degas showed subtle signs of being cut out of the frame, although the culprit was never caught in the act and disappeared among the crowd...
Supreme Court • more damage to the American electoral system is about to be done...
...record high, flooding the labor market with job hunters. Six years of manufacturing-job losses were compressed into 18 months, overwhelming retraining programs. The collapse of home values and the tightening of credit make worker mobility a moot issue. Instead of connecting the jobless to new jobs, the employment system has seized up. After 33 weeks of searching for work, Whitfield is looking warily to December, when his unemployment insurance ends...