electricity

 By CHARLES LEVINSON And GUY CHAZAN

Global warming is changing the Earth's climate so fast that influential scientists fear it is already outrunning our ability to prevent the planet from overheating.

John Holdren, US President Barack Obama's chief scientific adviser, is only the latest to suggest radical geo-engineering measures may have to be considered to keep the Earth habitable.

"It's got to be looked at. We don't have the luxury of taking any approach off the table," he said. He recently compared the crisis with being "in a car with bad brakes driving towards a cliff in the fog".

June 2 (Bloomberg) -- Wood is becoming a hot commodity in a new low-carbon world.

Power companies are burning more trees because the renewable fuel can be cheaper than coal and ignited without needing permits to release carbon dioxide, the main greenhouse gas blamed for global warming.

The Air Company will have to pay the government a huge sum for the right to take over the air, and they will have to be very careful to protect that investment. For one thing, the Air Company is certainly not going to let their air be destroyed by exhaust and industrial omissions, otherwise they will be left with nothing to sell. The fees, therefore, for destroying the air will probably be a fair bit higher than the fees for just using it.

In the highly unlikely event that Goldman Sachs loses $500m in its fourth quarter, which closes this week, it is sobering to think that it would still make record profits this year. Despite mediocre market conditions, a mild slowdown in the fixed-income markets, and the failure of the equities and merger and acquisitions businesses to recover, Goldman Sachs made more money in the first nine months than in any previous year.