Ohio

07 Jun

Wood Is New Coal as Polluters Use Carbon-Eating Trees

Posted by cahn in Albrecht von Sydow, American Electric Power Inc., Barack Obama, Barclays Capital, Berlin, California, Delphine Saucier, Denmark, Deutsche Bank, Dresdner Kleinwort, Edvard Lind, electricity, Elliot Campbell, Endesa SA, energy, EUR, Europe, European Union, Frankfurt, Germany, Guillermo Errea, Hamburg, Heinrich Unland, House of Representatives, Jared Diamond, Jeremy van Loon, John Perlin, Josef Auer, jvanloon@bloomberg.net.Last, Konrad Boecker, Madrid, Mediterranean, New York, Novus Energy GmbH, Ohio, oil, Paris, Roman Baths Romans, Rome, RWE AG, Spain, Stockholm, Trevor Sikorski, United Nations, United Nations Food and Agriculture Organization, United States, University of California, USD, Vattenfall AB, western Europe, Woodstone, www.bloomberg.com/apps/news?pid=20601086&

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.

25 Jan

Political Interference Seen in Bank Bailout Decisions

Posted by cahn in aggregator bank, Alabama, Arizona, Bank, bank bailout fund last fall, bank last week, Bank of America Corp., Bank of America Corporation, bank regulatory agencies, banking, Barack Obama, Barney Frank, Barney Frank Goes, Ben Bernanke, BFM FHLMC Mortgsecurities Fund, Boston, Brookly McLaughlin, Bush administration, California, Citigroup Inc., Cleveland, Colonial BancGroup Inc., Columbus, Comptroller of the Currency, controversial applications, Damian Paletta, damian.paletta@wsj.com, David Enrich, david.enrich@wsj.com, Department of the Treasury, Dow Jones & Company Inc, Dow Jones & Company, Inc., Dugan, Fannie Mae, FDIC, Federal Deposit Insurance Corp, Federal Deposit Insurance Corp., Federal Reserve System, Felecia Rotellini, Financial Services Committee, Florida, Freddie Mac, Green Bay, Henry Paulson, House Financial Services Committee, House Financial Services subcommittee, Huntington Bancshares Inc., Huntington Bancshares Incorporated, John Harrison, large regional banks, Mark Sanford, Massachusetts, Maxine Waters, Michigan, minority bank, National City Corp., National City Corporation, Office of Thrift Supervision, Ohio, OneUnited, overextended mortgage giants, particular home-state bank, Pittsburgh, PNC Financial Services Group Inc., Porsche, Porsche Automob, predecessor bank, Richard Shelby, Robert Cooper, Saigon National, Saigon National Bank, Senate, Senate Banking Committee, Sidney Williams, South Carolina, Spencer Bachus, The Colonial BancGroup, Inc., The PNC Financial Services Group, Inc., Timothy Geithner, Trabo Reed, Treasury, Troubled OneUnited Bank, United States, USD, Washington

by Damian Paletta and David Enrich

Barney Frank Goes to Bat for Lender, and It Gets an Infusion

Troubled OneUnited Bank in Boston didn't look much like a candidate for aid from the Treasury Department's bank bailout fund last fall.

The Treasury had said it would give money only to healthy banks, to jump-start lending. But OneUnited had seen most of its capital evaporate. Moreover, it was under attack from its regulators for allegations of poor lending practices and executive-pay abuses, including owning a Porsche for its executives' use.