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They make all this money by trading existing assets.
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Companies can operate within their emission limits by cutting back activities, installing antipollution equipment, or buying emission allowances at the cap-and-trade auctions or trading existing allowances with each other.
Definition of private equity: a marvelous system for creating wealth by trading an existing stock of assets back and forth at ever higher prices.
"And not by trading down.
By trading.
TPP won't be as radical, because it merely enhances trade with existing, developed trading partners.
The US had been key to talks that began in 2010 to create TPP by expanding an existing trade deal.
Our deficit will not be reduced by enforcing trade rules, renegotiating existing trade pacts, or forming new ones.
By extending existing trade arrangements to further ease regulation, measures being proposed would bring down barriers that inhibit an even closer trading relationship.
This starts by "renegotiating" existing trade deals and scrapping all bad ones.
The investment firm Lehman Brothers Holdings said yesterday that it would begin processing its own stock trades by early next year and end its existing trade-clearing contract with the Bear Stearns Companies.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com