1. To meet the Obama administration’s targets for cutting greenhouse gas emissions, some researchers say, Americans may have to experience a sobering reality: gas at $7 a gallon.
To reduce carbon dioxide emissions in the transportation sector 14 percent from 2005 levels by 2020, the cost of driving must simply increase, according to a forthcoming report by researchers at Harvard’s Belfer Center for Science and International Affairs.
The 14 percent target was set in the Environmental Protection Agency’s budget for fiscal 2010.
2. Supermodel Naomi Campbell may be in trouble with the law in New York City again. CBS 2 has learned that the British catwalker is wanted for questioning by the NYPD after allegedly slapping and punching her driver on Manhattan’s east side on Tuesday.
3. Charlie Rangel emerged from a closed-door meeting in Nancy Pelosi’s office Tuesday night to declare that he’s still the chairman of the Ways and Means Committee and hasn’t agreed to give up his gavel – even as some media outlets were reporting that he’d done just that.
But asked whether he’d still be the chairman tomorrow and in the coming days, Rangel said: “I can’t make all those promises at my age.”
And when Pelosi was asked whether Rangel was resigning, she said “no comment.” Still running that most ethical Congress ever, Nancy?
4. Ford Motor Co. outsold General Motors Co. in February for the first time in more than a decade.
Ford sold 334 more cars than GM in the U.S. It was the first time since August 1998 that Ford outsold GM. Ford’s said Tuesday its sales jumped 43 percent thanks to strong demand for its cars. The automaker grabbed some sales from Toyota, which is struggling with a massive safety recall.
5. A Russian billionaire has lost a £36 million deposit he paid to buy the most expensive house in the world on the French riviera, plus another £1million interest. Mikhail Prokhorov – the world’s 24th richest man – offered £360 million for the sprawling Villa Leopolda in 2008. After making a ten per cent down-payment, he then backed out of the sale after the global credit crunch hit.
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