Because taxable bonds carry higher yields than tax-exempts, the idea was that Treasury would give state and local governments direct cash subsidies to partially offset their extra borrowing costs.
His not-for-profit organization, Carbon Manna Unlimited, has developed a system of direct micro-payments to rural people who offset their carbon production through the use of high-efficiency stoves.
CSFB's figures almost certainly exaggerate the direct impact of the attacks, not least since any lost output will partly be offset by more spending on rebuilding, security and defence.