The U.S. Commodity Futures Trading Commission would face limits on its ability to impose rules on derivatives traded overseas and on manufacturers that use swaps to hedge business risks under bipartisan congressional legislation curbing the scope of the agency’s powers.
Republican presidential candidate Mitt Romney and his wife, Ann, have used sophisticated estate- planning techniques for more than a decade to minimize taxes and amass at least $100 million for their family outside of their estate.
President Barack Obama wants to prevent people from accumulating too much money in their tax- advantaged retirement accounts or trusts for heirs, adding to pressure on the wealthy after raising tax rates in January.
Abu Dhabi is considering a proposal to use solar-energy equipment on rooftops in the city to generate about 500 megawatts of power, the executive director at the city’s Executive Affairs Authority said. The capital of OPEC nation the United Arab Emirates also aims to generate 1,500 megawatts of electricity, or 7 percent of total demand, from renewable energy sources by 2020, the official, David Scott, said in an interview today. The rooftops of major warehouses could be used, he said.
When Oklahoma energy billionaire George Kaiser opened the Northeast Gateway liquid natural gas terminal in 2008, the floating depot’s first delivery was shipped on the Excellence, a 909-foot supertanker that holds 138,000 cubic meters of LNG -- enough gas to meet more than 4 percent of daily U.S. demand.