Word: threated
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...Switzerland's one step further along. In an effort to fend off the threat of deflation, the Swiss National Bank announced March 12 it would dump francs in the first such move by a major central bank for years. The move was enough to cut 3% off the currency's value against the euro; since then, the franc's fallen further still. Even the greenback, which rallied in recent months, stands at its lowest level against the euro since early January following the Fed's announcement last week that it would spend some $1.2 trillion on government and mortgage bonds...
First, he highlighted a massive new FDIC program to get the banks to sell troubled mortgages. For all the focus on complex securities based on bad loans, the bad loans themselves pose the greatest threat to banks' balance sheets, according to the Treasury department. Bill Gross, chief investment officer of the massive PIMCO bond firm who has been in conference with the government about participating in the plan, estimates the loans pose up to a $1 trillion problem for the banks, and the new program taps FDIC funds to get investors to buy those loans from the banks. Gross told...
...been two years since the U.N. Intergovernmental Panel on Climate Change laid out the definitive case that human beings were causing global warming, and two decades since NASA scientist James Hansen first told Congress of the threat of rising CO2 emissions. So, why has it taken this long for the Environmental Protection Agency (EPA) to announce that greenhouse gases endanger human health? Change can be slow in Washington...
...March 20 the EPA sent what is called an "endangerment finding" to the White House, a proposal that means the agency found that there is a scientific case that man-made global warming poses a threat to human welfare. (Reporters found out about the EPA decision the following Monday, after it was posted on a government website.) The finding is a response to an April 2007 Supreme Court decision ordering the EPA to figure out how CO2 from cars should be regulated under the Clean...
...concluding that greenhouse gases pose a threat to human welfare, the EPA's finding could lay the groundwork for nationwide regulation of CO2 emissions - just as the EPA is require to regulate pollutants like smog-causing sulfur dioxide. But regulating CO2 will be immensely more complicated - the U.S. emitted over 6 billion metric tons of CO2 in 2007 from countless sources - and business groups have raised the specter of a meddlesome EPA using greenhouse gases as an excuse to regulate projects large and small...