Open Thread

Carbon-Permit Revenue Would Go to U.S. Taxpayers Under Measure

Dec. 11 (Bloomberg) — Revenue from selling carbon-dioxide emission permits would be divided among U.S. taxpayers, and Wall Street companies would be barred from trading in carbon markets under legislation proposed today.
The average family of four would get a check for $1,000
from sales of the permits under the measure, known as cap-and- dividend, introduced by U.S. Senators Maria Cantwell, a
Washington Democrat, and Susan Collins, a Maine Republican.
The approach would require regulated companies to buy
carbon dioxide-emission permits from the government, with 75
percent of the revenue divided among taxpayers and 25 percent going to fund clean-energy research and development, worker transition and energy efficiency.

Cantwell and Collins would limit trading of permits, called carbon shares, to companies required to hold them, such as utilities and oil refineries. Securities firms and hedge funds couldn’t participate, as they could under cap-and-trade legislation passed by the House in June. A similar measure is pending in the Senate.

Another program run by the government without an efficient market. Yeah, this’ll work out really well.

denton, I hope she got their badge numbers, she could complain about that. Or did these genius’s have them under their coats?!

It’s a problem, cops are not properly trained to deal with mental illness or the homeless. Really, it’s terrible.

denton…it’s not in their union contract!!!!

Brooklyn Money Manager Charged With $45 Million Ponzi Scheme

Dec. 11 (Bloomberg) — A money manager from Brooklyn, New
York, was indicted today with securities fraud and 21 counts of mail fraud for allegedly operating a 30-year Ponzi scheme that claimed more than $45 million in assets about 800 investors.
Philip Barry, 52, a resident of the Bay Ridge section of Brooklyn, began accepting money beginning in 1978 from
investors, guaranteeing fictional annual profits, according to an indictment filed by the U.S. Attorney in Brooklyn. Instead, he used new investors’ money to pay earlier ones in what Brooklyn U.S. Attorney Benton Campbell said in a statement was a “classic Ponzi scheme.”

Bay Ridge!!!!! Figures!!!!!! All the sleaze balls are from Bay Ridge

“now i have more balls than i know what to do with”

You had too many yesterday also. Two too many.