Americans are already suffering from the economic "shell shock" associated with the AIG bailout, the Troubled Asset Relief Program (TARP), schemes in Washington to collectivize the nation’s healthcare system, “cap-and-trade” proposals that practically tax the air we breathe, and a seemingly endless roster of costly government programs. Now, with the federal government facing a projected $1.4 trillion deficit for 2009, yet another "bill" is going to be dropped in the lap of the taxpayers: the costs of cleaning up the environment.
Item: “The United Nations is planning a form of diplomatic shock therapy for world leaders this week in the hope of injecting badly needed urgency into negotiations for a climate change treaty that, it is now widely acknowledged, are dangerously adrift,” reported London’s Observer for September 20. “By the end of the day,” the British paper continued, “the rationale goes, the leaders will be imbued with a new sense of purpose. Leaders of rich countries will have been galvanised to take on the big emissions cuts — 25-40% over the next decade, 80% by 2050 — needed to keep temperatures from rising more than two degrees above pre-industrial levels.”
New Federal Communications Commission Chairman Julius Genachowski addressed CTIA-The Wireless Association at the industry trade group’s 2009 convention on October 7. Genachowski told CTIA that he believes “the biggest threat to the future of mobile in America is the looming spectrum crisis.”