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...agreement—which comes on the heels of a deal the city reached with MIT last month—means that Harvard will pay the city about $2.4 million in 2006 to compensate for its tax-exempt property. The accord has provisions for regular increases that could bring the annual payment to nearly $10 million by the end of the 50-year agreement...
...carmakers realize that if they hope to sell more environmentally friendly vehicles (which account for less than 1% of the cars and light trucks sold in the U.S.), they'll need to spruce and rev them up considerably. Thus Honda is coming out with a hybrid version of its Accord that is even more powerful than the original. Lexus, meanwhile, is getting brisk preorders for its 2005 luxury hybrid SUV, the 270-horsepower RX400h. But don't expect the Joneses next door to pull up in a Fetish anytime soon. Venturi CEO Gildo Pallanca-Pastor says his tiny Monaco-based...
...Kong or Macau, a detour that can add several hours to the trip. But last week's deal means more than just convenient travel. China and Taiwan are bitter rivals; the mainland considers the island a breakaway province and hasn't ruled out reuniting with it by force. An accord on cross-strait travel shows a rare willingness to compromise. "It's hard to tell whether both sides will continue the dialogue," says Andrew Yang, secretary general of the Chinese Council of Advanced Policy Studies in Taipei, "but this is a very positive approach which shows both Beijing and Taipei...
...lousy gas mileage, and it still is for most cars. But eco-luxury has become the hottest trend in the auto industry, and the latest hybrids from both Honda and Toyota's LEXUS division are all about going green in pulse-racing style. Honda's new hybrid Accord, which went on the market in December, packs 255 h.p.--15 h.p. more than the conventional V6--and comes with luxuries like a leather-trimmed interior, heated front seats, power windows--and even an electronic noise-dampening system. Not to be outdriven, Lexus plans to roll out a hybrid SUV in April...
From the outset, however, the President said of Snow, "I'm not predisposed towards replacing him," the Administration official told TIME. Behind the scenes, Bush had insisted on a careful re-evaluation of every Cabinet member. A number of first-termers were planning to leave of their own accord, whereas others, the Administration official said, were discreetly pushed. In Snow's case, the White House chose to take its time. Consideration was given to Gramm and Forbes. But as the Administration official put it, "For every good thing they brought to the table, there was something offsetting." As a maverick...