Becoming Blind with money

Did India Inc thumb its nose at Bill Gates & Warren Buffett? - The Economic Times: " A few days ago, when Bill and Melinda Gates along with Warren Buffett got down to dining with India's loaded lot in the capital with a plea to be generous in philanthropy, barely a dozen of the country's 55-odd billionaires attended. The richest of them, Mukesh Ambani, preferred to watch India beat Australia in the ICC Cricket World Cup some 1,000 km away at Motera in Ahmedabad. Does it mean Indian billionaires are indifferent to the cause of giving and only interested in creating wealth? "

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When enforcers embrace

TransCanada Pipeline Foes See U.S. Bias in E-Mails - NYTimes.com: "Environmental groups said the e-mails were disturbing and evidence of “complicity” between TransCanada, the pipeline company, and American officials tasked with evaluating the pipeline’s environmental impact.

The e-mails, the second batch to be released in response to a Freedom of Information Act request filed by the environmental group Friends of the Earth, show a senior State Department official at the United States Embassy in Ottawa procuring invitations to Fourth of July parties for TransCanada officials, sharing information with the company about Secretary of State Hillary Rodham Clinton’s meetings and cheering on TransCanada in its quest to gain approval of the giant pipeline, which could carry 700,000 barrels a day.

“You see officials who see it as their business not to be an oversight agency but as a facilitator of TransCanada’s plans,” said Damon Moglen, the director of climate and energy project for Friends of the Earth. "

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The Danish Cut on Fat

Denmark starts taxing fat to curb unhealthy habits - Yahoo! Finance: " Denmark has imposed a "fat tax" on foods such as butter and oil as a way to curb unhealthy eating habits.

The Nordic country introduced the tax Saturday, of 16 kroner ($2.90) per kilogram (2.2 pounds) of saturated fat in a product.

Ole Linnet Juul, food director at Denmark's Confederation of Industries, says the tax will increase the price of a burger by around $0.15 and raise the price of a small package of butter by around $0.40."

The tax was approved by large majority in a parliament in March as a move to help increase the average life expectancy of Danes.

Denmark, like some other European countries, already has higher fees on sugar, chocolates and soft drinks, but Linnet Juul says he believes the Nordic country is the first in the world to tax fatty foods.

In September, Hungary introduced a new tax popularly known as the "Hamburger Law," but that only involves higher taxes on soft drinks, pastries, salty snacks and food flavorings.

The outgoing conservative Danish government planned the fat tax as part of a goal to increase the average life expectancy of Danes, currently below the OECD average at 79 years, by three years over the next 10 years.

"Higher fees on sugar, fat and tobacco is an important step on the way toward a higher average life expectancy in Denmark," health minister Jakob Axel Nielsen said when he introduced the idea in 2009, because "saturated fats can cause cardiovascular disease and cancer."

Linnet Juul says the tax mechanism is very complex, involving tax rates on the percentage of fat used in making a product rather than the percentage that is in the end-product.

As such, only the arrangements of how companies should handle the tax payments could cost Danish businesses about $28 million in the first year, he said.

Linnet Juul's organization is pressuring lawmakers to simplify the tax, but said he is unsure what will happen when the new, center-right government takes office.

Trees...humanity's best friends

With Deaths of Forests, a Loss of Crucial Climate Protectors - NYTimes.com: "From the mountainous Southwest deep into Texas, wildfires raced across parched landscapes this summer, burning millions more acres. In Colorado, at least 15 percent of that state’s spectacular aspen forests have gone into decline because of a lack of water.

The devastation extends worldwide. The great euphorbia trees of southern Africa are succumbing to heat and water stress. So are the Atlas cedars of northern Algeria. Fires fed by hot, dry weather are killing enormous stretches of Siberian forest. Eucalyptus trees are succumbing on a large scale to a heat blast in Australia, and the Amazon recently suffered two “once a century” droughts just five years apart, killing many large trees.

Experts are scrambling to understand the situation, and to predict how serious it may become.

Scientists say the future habitability of the Earth might well depend on the answer. For, while a majority of the world’s people now live in cities, they depend more than ever on forests, in a way that few of them understand."

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