30 Jan '13, 10pm

Sen. Reid proposes chopping $4 billion in oil subsidies to help the economy

Sen. Reid proposes chopping $4 billion in oil subsidies to help the economy

A bit of surprising news this morning: The economy actually shrank in the fourth quarter of 2012. It was only down by an annual rate of 0.1 percent, but it had been expected to grow by 1.1 percent. And it didn’t drop because of burdensome regulation or slow job growth. It dropped because of the Pentagon. From The Washington Post : [F]ederal defense spending fell at an astounding 22.2 percent annual rate in the quarter, which subtracted 1.28 percentage points from GDP growth. That was in part a reversal from the unusual 12.9 percent gain in the third quarter. But when the two quarters are averaged together, the defense sector was a drag on the economy in the second half of 2012 — and that’s before a “sequester” of automatic defense cuts goes into effect this year if Congress doesn’t act to avert it. That “sequester” is the result of a poison pill that Congress administered ...

Full article: http://grist.org/news/sen-reid-proposes-chopping-4-billio...

Tweets

BP’s federal penalty for the Gulf spill is final: $4 billion

BP’s federal penalty for the Gulf spill is fina...

grist.org 30 Jan '13, 10pm

A federal judge in New Orleans Tuesday approved a $4 billion plea agreement for criminal fines and penalties against oil g...

Oil Subsidies & Natural Gas Subsidies — Subsidies For The Big Boys (Not For Society)

Oil Subsidies & Natural Gas Subsidies — Subsidi...

cleantechnica.com 08 Feb '13, 1am

Carbon monoxide is a gas formed as a by-product during the incomplete combustion of all fossil fuels. Exposure to carbon m...

You have 4 weeks to get your applications in fo...

baesystems.com 04 Feb '13, 3pm

This page uses JavaScript and requires a JavaScript enabled browser.Your browser is not JavaScript enabled.

Twitter now the fastest-growing social network, with almost half a billion people signing up worldwide

Twitter now the fastest-growing social network,...

todayonline.com 31 Jan '13, 1pm

LONDON — Twitter is now the fastest-growing social network in the world, with almost half a billion people signing up worl...

Cameron's Green Economy Speech - In Full

businessgreen.com 04 Feb '13, 3pm

I want to tell you why I believe energy efficiency is so important. Yes of course it is a vital part of how we cut carbon ...

2,000 jobs created every year up to 2050 and €2...

ewea.org 02 Feb '13, 10am

Around 2,000 jobs could be created every year up to 2050 in Wales, and €2.7 billion injected into the Welsh economy, if th...

Circular economy bid for Chinese textiles: BEIJ...

ecotextile.com 31 Jan '13, 9am

<mce:script language='JavaScript1.1' mce_src="http://ad.doubleclick.net/adj/N3867.282951.ECOTEXTILE...