Word: tradings
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...vital that the next administration put science at the fore, because today’s biggest challenges require scientific solutions. For instance, global warming may be the biggest international threat of our generation. Both major candidates have outlined a form of a cap-and-trade system to fight it, but they could both use more guidance. The negative side effects and enforcement problems plaguing Europe’s cap-and-trade system over the past few years should be a clear warning to both candidates that the policy is much better in theory than in practice. In addition, research indicates...
...support for agricultural subsidies, which distort the global market for food and prevent developing countries from being able to earn foreign exchange. His lukewarm stance on free trade—including a vague promise to “renegotiate” NAFTA and his refusal to support free trade agreements with important allies like South Korea—is also a cause for concern. But compared to the economic plan of his rival, a self-proclaimed “footsoldier in the Reagan Revolution,” Obama’s plan is by far the better...
...credit, McCain has defied the Republican leadership to advocate for a cap-and-trade system of controlling carbon emissions. But his selection of Sarah Palin as a running mate has destroyed whatever credibility he might have had on this issue. Governor Palin’s energy policy—what little there is of one—largely consists of chanting “drill baby drill” at campaign rallies, a strategy soundly rejected by the U.S. Department of Energy. Even more frightening to us is the Governor’s refusal to acknowledge the scientific consensus...
...Senator Obama’s plan, by contrast, is a breath of fresh air in an otherwise stale debate. Obama supports a comprehensive cap-and-trade emissions reduction scheme, which would auction off pollution permits to various firms. Obama has voted for critical tax credits to the renewable energy sector, including wind and solar energy companies. Additionally, Obama’s plan to invest a significant sum—up to $15 billion—in the development of alternative energy technologies represents a much-needed departure from the failed policies of the past eight years...
...McCain’s support of free trade far outshines his opponent’s. Since its implementation in 1994, the North American Free Trade Agreement (NAFTA) has created hundreds of billions of dollars for the US through trade with both Canada and Mexico, maintaining and generating US jobs. McCain also supports the expansion of free trade by approving a free trade agreement with Colombia...