Word: accounting
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...world is already betting: that jatropha, like other nonfood sources such as algae, will revive a biofuels movement battered of late by charges that it diverts too many crops from too many mouths. India has set aside 100 million acres for jatropha and expects the oil to account for 20% of its diesel consumption by 2011. Australia, China, Brazil and Kenya have also embraced it. In December, a Boeing 747 was successfully test-flown by Air New Zealand using a 50-50 blend of jatropha and aviation fuel. (Watch TIME's video about biofuel tree farmers in action...
...crimes. The Israeli government has responded to such charges by arguing that Hamas deliberately positioned weapons and fighters in areas populated by civilians. Israel has begun investigating some of the more egregious allegations about civilian deaths, which are multiplying as Gaza picks itself up from the rubble. One such account was presented to Time by Abed Rabu. (See pictures of heartbreak in the Middle East...
...Sure, admissions officers say they take into account the fact that some schools are more rigorous than others. But as more universities downplay the SAT or drop it from consideration altogether, colleges are making it known that GPAs are more important than ever before. And this shift is fueling a growing firestorm over grades: 75 districts in 12 states have relaxed their grading standards since 2005. Meanwhile, attendees at the annual meeting of the Association of American Colleges and Universities this month in Seattle argued for ditching grades in college and instead using the long-form "narrative evaluations" already required...
...number does not account for the huge reductions in dividends at most big banks which occurred at the end of last year. Citigroup (C), Wells Fargo (WFC), Bank of America (BAC), and JP Morgan (JPM) have already made cuts or are candidates to do so. Firms in media from The New York Times (NYT) to newspaper chain McClatchy (MNI) are low on income and high on debt. Any company with dwindling cash will be on the list of firms which are likely to need dividend reductions to preserve their balance sheets...
...with most Federal Government arcana, there are arguments on both sides of Obama's leaky lobbyist ban. Lynn, Obama's choice to serve as the Pentagon's No. 2 civilian, got high marks for struggling to bring some accountability to Pentagon spending when he served as its top money manager from 1997 to 2001. By one account, he reduced the amount of undocumented Pentagon spending from $2.3 trillion to $1.3 trillion (before the federal banking bailout, only at the Pentagon could $1.3 trillion in undocumented spending be deemed progress...