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But critics have vastly overstated the likely cost. In fact, they're all but lying. During the House debate, Republican whip Eric Cantor, using numbers from an American Petroleum Institute study, said that the bill would eventually cost more than $3,000 per family per year - but those numbers assume...
As a result, the bill will achieve most of its stated carbon cuts through offsets and through improving energy efficiency, rather than encouraging the growth of low-carbon renewable electricity. Energy efficiency is an important low-hanging fruit, and the bill will significantly slow the growth of U.S. electricity consumption...
A bad crop year could aggravate India's overall economic slowdown. "If production suffers, the [low] income effect will bring down rural demand, which has been buoyant so far," says Anjan Roy, Adviser for Economic Affairs at the New Delhi-based Federation of Indian Chambers of Commerce and Industry. "This...
The government now predicts that the late monsoon will still bring 93% of an average year's rain. "We're still hoping the rains will come," says K.R. Koundal, director of research at the New Delhi-based Indian Agricultural Research Institute, the government-run institute for agricultural research, education and...
In Tokyo's bustling Shibuya district, a woman makes a beeline for the Michael Jackson display on the second floor of the HMV music store. Crying under her green knit cap, she reaches for "Visionary," a black box of video singles from the King of Pop and a few of...