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McCain admitted guilt and returned some money—that makes up for petty corruption. But the point is policy not corruption. The 1989 S&L crisis warned of the danger of banking deregulation. McCain missed the warnings and stuck by his de-regulation advisor, Phil Gramm (It's-a-mental-recession), for 15 years—till July 2008.
McCain says that in September he finally got it—bankers need to be regulated. What do you think? Watch for Phil Gramm in the video. More on Phil Gramm
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Greenhouse Gas Levels Unprecedented
Measurements from Antarctic ice cores show that just before industrial emissions began, atmospheric CO2 levels were about 280 parts per million by volume (ppm). The CO2 concentrations stayed between 260 and 280 ppm during the preceding 10,000 years. According to the IPCC, concentrations of carbon dioxide in the atmosphere are at their highest levels for at least 650,000 years. The rapid increase in carbon dioxide levels began with the onset of the industrial revolution. The primary source of increase in carbon dioxide is fossil fuel use, but land use changes also make a contribution. The amount of methane in the atmosphere in 2005 (1774 ppm) by far exceeds the natural range of the last 650,000 years (320 to 790 ppm). The primary source of increase in methane is very likely (>90% confidence) to be a combination of human agricultural activities and fossil fuel use.
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http://zfacts.com/p/818.html | 10/11/08 09:28 GMT
Modified: Sat, 02 Jun 2007 14:40:22 GMT
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| Carbonomics
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