Word: tradings
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What's needed? At the U.N. on Thursday, institutional investors from the U.S., Europe and Australia who represent more than $13 trillion in assets called for Congress and other policymakers to take swift action, principally through a cap-and-trade bill, which would limit the amount of carbon industry can produce and allow manufacturers to buy and swap credits, so that those who come in under the limit can sell polluting permits to those who exceed it. It's speculative capitalism with a bright green tint. For the idea to work, the private-investment community needs TLC from government policy...
...they getting TLC in Washington. The House of Representatives has already passed a cap-and-trade bill, but the going will be tougher in the Senate, where supporters will need to get 60 votes to overcome a Republican filibuster. Already, conservative Democrats - especially from the coal-dependent states of the Midwest and South - have made noises about opposing a cap-and-trade bill or perhaps replacing it with a law that would include wider support for clean energy but without the price on carbon. That, however, might not be enough to kick-start scaled-up clean-energy investments. "Without...
...trade group's executive director, Dana Meineke, says the weak economy and turmoil in the credit markets are expanding the customer base. "We're seeing some new faces," says Daniel Feehan, president and chief executive of Cash America International, a pawnshop company based in Fort Worth, Texas. (See the best business deals...
...Ayalon-Celikkol incident might imperil the visit to Turkey by Defense Minister Ehud Barak that is scheduled for Jan. 17. Barak plans to offer Turkey's military establishment an even tighter relationship with Israel. Already, the security relationship between the two states involves hundreds of millions of dollars in trade, while their intelligence communities cooperate closely on counterterrorism. (See the top 10 news stories...
...Yemeni associate of bin Laden; the FBI has said the charity was a fundraising front for al-Qaeda. Officials also say al-Awlaki met with a close associate of Omar Abdel Rahman, the "Blind Sheik" behind the 1993 attempt to bomb New York City's World Trade Center...