Word: tradings
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...newcomer to the capital, fights for money in Congress, there's a bigger battle brewing over the carbon cap-and-trade bill. Co-sponsored by Democratic lawmakers Henry Waxman and Edward Markey, the bill barely passed the House last month and will soon be taken up by the Senate. The legislative fight has mostly centered on how tight the carbon caps should be, but part of the revenues created by the cap - which would require some companies to pay for carbon credits - will be directed to energy research and development...
...trade was revised in Congress, though, that number has dwindled - the current bill would channel perhaps about $10 billion a year to energy research in its early stages - but not solely for clean energy. By contrast, on the campaign trail Obama promised to spend $150 billion over 10 years just on clean-energy research. On July 16, an assortment of 34 Nobel Prize winners wrote a letter to Obama, calling for more support for energy research and development in the climate bill. "We need a much larger investment than what we're getting," says Jesse Jenkins, director of energy...
...leaders of Afghanistan and Pakistan, two countries that sit in the crosshairs of the U.S.-led war on terror. The meeting with Afghan president Hamid Karzai and his Pakistani counterpart, Asif Zardari, took place in Dushanbe, capital of Tajikistan. Reportedly on the table were plans to beef up trade ties as well as improve cooperation in the fight against Islamist extremism - clear signs, experts say, that Moscow is bolstering its role in the "Af-Pak" theater, a region Russia had largely retreated from after the scarring decade-long Soviet occupation of Afghanistan in the 1980s...
...Inside the Googleplex, employees were particularly interested in getting a sense of Bing's search algorithm. The algorithm is a search engine's secret sauce, the complex set of instructions that determine which search results are returned and in what order. Google's algorithm is a trade secret, one guarded as jealously as the recipe for Coca-Cola...
Later that summer, after the U.S.-led coalition toppled Saddam Hussein's regime in Iraq, the Iranians came up with another offer: they would trade their Arab captives, including Saad, for members of the Mujahedin-e-Khalq (MEK), an Iranian terrorist group that was given sanctuary by Saddam. "It was a straightforward swap: your terrorists for ours," says a Western intelligence official familiar with Tehran's offer. The official says the offer included assurances that the MEK operatives would not be tortured and that international human-rights organizations would have access to them. "They said...