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...late 1980s he turned his attention to air pollution. At the time, one of the biggest environmental threats facing America was forest-killing acid rain, due chiefly to rising levels of sulfur dioxide (SO2) and nitrogen oxide (NO) from coal power plants, factories and cars. The answer was simple - reduce those emissions - but the way to get there wasn't. (Any similarities to where we stand on global warming are purely intentional.) The government could simply mandate reduced emissions, or force power plants to install expensive SO2 and NO scrubbers, but that might not be efficient. To Sandor, the answer...

Author: /time Magazine | Title: How to Save the Planet and Make Money Doing It | 4/20/2008 | See Source »

...many environmentalists, the idea of essentially recognizing a company's right to pollute - even while requiring them to reduce that pollution - was anathema, as if it made some form of pollution O.K. But you can't argue with results - emissions of SO2 and NO have dropped drastically, as has acid rain. Emissions trading worked because by pricing the air, it helps drive innovation towards pollution control and efficiency, funded in part by the value of the emissions trading market. (Companies that spent to lower their emissions beneath the cap could recoup that investment by selling their excess emissions credits.) Just...

Author: /time Magazine | Title: How to Save the Planet and Make Money Doing It | 4/20/2008 | See Source »

...harnesses the power of the marketplace to fight warming, a concept that helped Republicans like McCain, the presumptive GOP nominee, fall in love with the idea. What's more, it works. Cap and trade was used in the 1990s to limit sulfur dioxide emissions and help tame acid rain. The most promising piece of green legislation now on Capitol Hill, co-sponsored by independent Senator Joseph Lieberman of Connecticut and Republican Senator John Warner of Virginia, is a cap-and-trade proposal. The bill is popular, but that doesn't mean it's going to pass. For some fence sitters...

Author: /time Magazine | Title: The Candidates and Climate Change | 4/17/2008 | See Source »

...used to take refuge in our house in Kampala to escape her oppressive father; he tried to force her into a marriage and she killed herself. My chemistry teacher, also a Hindu, fell in love with a Muslim woman; her family whisked her off to Pakistan and he swallowed acid in the school laboratory, dying for love. A distant relative in Tanzania was charged with hiring killers to murder her oldest son, his wife and their babies because her husband threatened to disown her favorite younger boy. The papers called her "Lady Macbeth"; she fled to Pakistan and died alone...

Author: /time Magazine | Title: Shakespeare: A Life on Stage | 4/16/2008 | See Source »

...power of the President to override congressional oversight in time of war. A 2003 memo by John Yoo, a former Justice Department official, which was declassified last week, went so far as to discuss the potential of the President to approve the maiming, drugging or applying "scalding water, corrosive acid or caustic substance" on detainees...

Author: /time Magazine | Title: Has McCain Flip-Flopped on Torture? | 4/10/2008 | See Source »

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