Word: toxicities
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...there a decent hybrid? Not from an environmental perspective. Greenpeace isn't a fan of Scott's new Naturals line because less than half the toilet paper is recycled material - and because its manufacturer has yet to adopt a less toxic bleaching process. And the group is only lukewarm about Marcal's Small Steps, which is 100% recycled but contains less than 50% postconsumer material, i.e., the paper you recycle at the office as opposed to scraps from manufacturing and other sources that have never been processed into consumer goods...
...Sound. But Rice's studies have held up under peer review - and this reporter personally saw oil buried in a handful of beaches. Ironically, the Exxon spill has greatly enhanced scientists' understanding of the effect that crude oil can have on a vulnerable marine environment: it is more toxic to life than we thought, and harder to clean up. "Even the best cleanup will fall short," says Craig Tillery, a deputy attorney general for the state of Alaska - whose Bristol Bay and Chukchi Sea are being considered for offshore oil and gas exploration - and a member of the Exxon Valdez...
...Administration's stress tests were intended in part to force the banks' hands. By having regulators officially dictate how much capital big banks needed to raise, the government thought it could make the banks sell the toxic assets into the "public-private" buying scheme...
...situation has become bad enough that the FDIC, which is responsible for the "legacy loan program" to remove toxic loans from banks' books, is considering alternative plans to the one rolled out at the end of March by Geithner. A senior Treasury official says the legacy securities program, which is intended to handle toxic securities, is "chugging along nicely" and that they are seeing "interest on both sides" of potential sales. The official says that while some banks may be reluctant to participate, Treasury is not worried...
...Which is fine as long as the banks are actually as healthy as everyone now seems to think they are. But if they aren't, the toxic assets will once again become a dangerous threat to confidence. And the government will be back to trying to figure out how to get the banks to sell them...