Word: traded
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Abroad, though, is also where UPS faces some of its biggest risk. Increasingly stringent environmental laws and rising costs for Asian labor and raw materials all make this business vulnerable. An even more immediate concern is the possibility of government-imposed tariffs or border restrictions. "Global trade is going to lead this recovery," Davis says. "I get on my bully pulpit against anything that could impede...
...moment President Barack Obama took office, he has emphasized the importance of dealing with climate change. He's said that the right way to do it is to pass congressional legislation that would cap greenhouse-gas emissions. But eight months after the House of Representatives passed a cap-and-trade bill, similar legislation remains mired in the Senate, its chances of passage dimming by the day. With midterm elections not far off - threatening serious losses in Democratic seats in Congress - it's reasonable to wonder whether the carbon-capping bill will ever become...
Problem solved, right? The trouble is that as controversial as cap-and-trade legislation has become, EPA regulation is an even bigger political minefield. Republicans are universally against it, claiming that clumsy top-down CO2 regulation will kill American jobs by strangling power plants and other industry. Senator Lisa Murkowski, a Republican from Alaska, introduced a bill late last year that would explicitly prevent the EPA from regulating carbon, and she already has 40 co-sponsors. Many Democrats also have their doubts - eight Democratic Senators from coal-heavy states sent a letter on Sunday, Feb. 21, to EPA administrator Lisa...
...months after the Lockerbie bomber flew home from a Scottish jail to a rapturous Tripoli welcome, a very different reception is taking place in the Libyan capital this week: the first U.S. government-sponsored trade mission to this country in some 37 years...
...didn't help. A Scottish judge freed al-Megrahi on compassionate grounds, saying he was almost certain to die of cancer within three months. Saturday marked the six-month anniversary of al-Megrahi's homecoming, which unleashed huge rejoicing among Libyans and condemnation from Washington. A U.S. trade mission was slated for last November but was scrapped when White House officials intervened, saying the feelings over al-Megrahi were still too raw, according to a Commerce Department official accompanying the business delegation to Tripoli...