Word: tradings
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Unlike Craigslist's plain-Jane listings, AshleyMadison lets cheaters customize profiles, chat anonymously and trade messages about adulterous preferences - all in an effort to make cheating as simple as using Match.com...
...Confidence in its financial position has allowed StanChart to take advantage of crisis-created opportunities. As competitors retrench to repair tattered balance sheets, the bank is expanding its market share in key areas such as trade finance. It has boosted lending to small enterprises in Asia at no risk by participating in loan-guarantee programs implemented by governments to free up credit markets. Sands has also continued making strategic acquisitions, including the purchases of Cazenove Asia, a regional stock brokerage, and a 75% stake in another broker in India. Just as important, Sands has been beefing up the management ranks...
...carbon; they have to reduce their emissions to meet the cap, or buy allowances from other companies if they exceed the cap. (Companies will also have the option to buy carbon offsets, which involve investing in projects that reduce carbon, like tree-planting.) The idea is that cap and trade gives you more bang for your climate buck. "This bill produces carbon reductions in an affordable way," says Steve Cochran, who directs the EDF's national climate campaign...
...bill's opponents - Congressional Republicans, along with the oil industry and the National Association of Manufacturers, among others - say cap and trade amounts to a massive tax on U.S. energy, which mostly still comes from carbon-intensive fossil fuels like coal. That's partially true - the whole point behind cap and trade is to raise the cost of emitting carbon and drive investment in energy efficiency and renewable power. "No matter how you doctor it or tailor it, it is a tax," said Representative Joe Pitts, a Pennsylvania Republican...
Despite its many flaws, Waxman-Markey remains a legislative achievement, and even doubtful environmentalists hope to be able to strengthen it in the future if it becomes law - especially if Americans come to realize that cap and trade isn't the end of the economy. "No one looking at this three months ago would have estimated that we'd end up here," says Cochran. But if this is the most that is politically possible in America, we're in trouble, because climate change demands far more. "We are at an extraordinary moment, with a historic opportunity to confront...