The weather station on Sable monitors (among other things) the amount of ozone and carbon monoxide in the air passing over the island.
High oil prices reduce the amount of money people have to spend on other things, shrinking demand in the wider economy.
If we restrain costs by eliminating waste and inefficiency, we can have the same real amount of health care with resources left over to produce other things that we value.
It had been trying to bring down the amount of debt it had on its books, shedding among other things bad mortgages and other loans.
If present trends continue, all other things being equal, such funds may grow to many times that amount within a few years.
There are other things that we believe can and should be done to increase the amount that we are capturing from the riser.
Prices would be higher at the pump and in the multitude of other things that might be affected by a carbon tax but the entire amount, presumably net of some administration costs, would be distributed.
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Just a couple of examples of that: The Durbin Amendment which limits the amount banks can charge retailer for debit card swipe fees and the CARD Act which, among other things, keeps banks from charging overdraft fees.
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They, among other things, cannot have certain risky features like negative-amortization, where the amount owed actually increases for some period because the borrower does not even pay the interest and the unpaid interest gets added to the amount borrowed.
There is a very good argument, one that I certainly fully support, that carbon should be taxed and other things, like labour, or investment, should have their taxes reduced by the same amount.
Among other things, clearing improves transparency, makes it harder for counterparties to avoid stumping up the right amount of collateral and provides an insurance policy against losses to the non-defaulting party to a trade.
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