Free Republic

We have discussed this previously but now that cap and trade is on tap to become the most ridiculous tax in American history (not to mention costly and unfounded), it is all that much more important to take a look at who stands to gain in this game of carbon tax lies and global warming scares. Via Green Hell: Senators Dianne Feinstein (D-CA) and Olympia Snow (R-ME) have introduced a bill to make the Commodity Futures Trading Commission the sole regulator of the carbon market created by cap-and-trade legislation. So does this mean that freebooting Goldman Sachs could be the...

The city of Houston's main pension program has a billion-dollar funding shortfall because benefits have been boosted so high that many employees will earn more in retirement than they received while working, according to a report obtained by the Chronicle. A few will retire as millionaires. To properly reduce the shortfall, taxpayers would have to put nearly $100 million extra into the fund next year, according to an analysis prepared for the pension's board. Further, the city cannot reduce the benefits for any employee who already has worked five years, thanks to a Texas constitutional amendment passed by voters last...