Word: tradings
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...want to let Babies 'R' Us and other retailers know that consumers aren't going to put up with unfair trade restraints," says Trzupek, who joined the plaintiff class in 2006, when the suit was originally filed. The plaintiffs are pursuing an unspecified amount in damages; attorney Beth Fegan says the price agreements affected more than $500 million worth of baby products. (See the top 10 iPhone apps for dads...
Ramesh's outburst may have been triggered by concerns that the U.S. cap-and-trade bill that was recently passed by the House of Representatives - and which will soon be taken on by the Senate - includes a provision that would eventually impose trade sanctions on countries that did not accept binding emissions targets. The passage was inserted to appease members of Congress who worried that a carbon cap would lead to the migration of energy-intensive industries from nations with emissions limits to those without them. That restriction seems fair - until you realize that many of the products exported from...
President Barack Obama has said that he is concerned about the potential impact of such tariffs on free trade, and that putting up such barriers would only make a global agreement more elusive. But other provisions could give the U.S. quiet leverage over developing nations. Annie Petsonk, the international counsel for the Environmental Defense Fund, says that the U.S. could make access to American carbon markets - which could eventually be worth trillions - contingent on how developing nations deal with climate change, for example by agreeing to mandatory reductions in the rate of growth of their emissions. "Carbon-market access...
...walk me through a typical day on the boat? It changed day to day, depending on where I was in the ocean. If I was near the shore, I had to worry about fishing boats, local traffic and shifting winds. If I'm in the trade winds, it's pretty much like doing whatever it is you do at your house, because you set the sail and don't touch the line for three weeks at a time. The wind comes in the same direction for months. When you're doing that, you get your eight or 12 hours...
...Beijing's leaders may also see China's own currency, the yuan (also known as the renminbi), as a possible alternative to the dollar. There are indications that China intends to make the yuan a greater factor in international trade and investment, a development that, if successful, would have major implications for the global financial system. HSBC economist Qu Hongbin believes that the yuan could become one of the top three currencies in the world by 2012, with some $2 trillion in trade transacted in the Chinese currency each year. "The internationalization of the renminbi has become a leading item...