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...perhaps most important sections of this legislation will focus on derivatives trading. Derivatives, financial instruments that are used to bet on movements of assets and thus serve as protections against risk, are often necessary for many different kinds of businesses, ranging from farms to airlines to banks. Yet during the crisis, banks took enormous risks with derivatives, and these risks were neither monitored nor regulated by the government as most of the derivatives were traded in over-the-counter transactions, private trades between two parties...
Nuclear electricity offers both the prospect of using existing and well-understood technology to allow a halt to environmental damage caused by dirty carbon fuels and the prospect of a future of more energy, opportunity, technology, economic growth, and scientific progress. The benefits of clean energy are thus too great to ignore...
...should be proud of their position at the forefront of the alternative energy movement. It is true that the area has historical significance, but Cape Wind is too important an opportunity to pass up: It represents an evolution of energy production away from the polluting technlogies of the past. Thus, it is also an historic moment worth cherishing—and we hope the project moves forward on-time and on-budget...
...Native Americans who feel the government is undermining their heritage, Salazar and other policy makers have stressed that there will likely be compensation. At the very least, any discoveries of archeological finds on the seabed would cease construction until the Department of Interior is notified. Thus, this is not Manifest Destiny, Part II; the U.S. Government is mindful of the concerns of Native Americans...
...Reinhart started writing the book before the current financial crisis to help others “understand financial crises in general,” Rogoff said. The book thus offered interesting perspectives on the most recent financial crisis...