Cross-posted from the Natural Resources Defense Council.
Times were great in the 1990s real estate market: If you got in right before the market took off, and cashed out just before it crashed, you could have made a whopping 75 percent return on your money. But … it was all paper; chances are high the house wasn’t 75 percent nicer. And, for most people, returns were lower than 75 percent, some punishingly negative. It all depended on when you bought and sold.
But what if you found out you could get a guaranteed real return over 2,400 percent in one year? And that returns only increased over time and were “bubble proof”? You’d say “there must be a catch,” and you’d be right. There are two. First, you can’t buy this investment from Wall Street. Second, you have to rely on the good will and decency of your representative — and these days, that is not reliable.
What’s the product? The Clean Air Act.
A new report released yesterday by the Environmental Protection Agency (EPA) finds benefits of the 1990 amendments to the Clean Air Act (CAA) exceeding costs by a ratio of 26... Read more