Tuesday, 30 September 2014
Last updated 1 hour ago
Nov 8 2009 | 9:17am ET
Democratic Senators united to send the Clean Energy Jobs and American Power Act (better known simply as the Climate bill) to the full Senate for debate on Thursday despite a Republican boycott.
Led by Senator Barbara Boxer (D-California), who sponsored the bill with Senator John Kerry (D-Mass.), the Senate Environment and Public Works Committee voted 11 to 1 in favor of the bill, without amendment. Democrats outnumber Republicans 12 to 7 on the committee, and in calling the vote – after days of delay – Boxer exploited a little-used rule that says votes may proceed if the majority of committee members are in attendance.
The only Dem to vote against the bill was Max Baucus of Montana, who said he objected to the bill’s being approved without amendment. Baucus’ home state is a big coal producer. Nevertheless, he has said he would ultimately like to see the bill passed, albeit with some modification.
The climate bill promotes alternative and renewable fuels and a ‘cap and trade’ system for reducing greenhouse gases.
The bill must now pass other Senate committees before being debated by the full chamber.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...