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...McCain wants to stay the course in Iraq. And despite his admirable record of fiscal probity in the Senate, his campaign statements about the deficit have been less than convincing. He wants to extend the Bush tax cuts that he once opposed - and add a few more of his own, saying he'll make up the difference by cutting "wasteful spending." But even eliminating the pork-barrel congressional earmarks that McCain has long criticized would make only a dent in the deficit...

Author: /time Magazine | Title: The New President's Economy Problem | 5/15/2008 | See Source »

...going to say that this is a perfect plan," acknowledges Inez Dickens, one of three city-council members representing Harlem. Dickens haggled with city officials to add considerable benefits to the proposal: affordable home-ownership opportunities, a $750,000 forgivable-loan program for businesses that may be forced to relocate, funding for arts and health programs and a $5.8 million enhancement of a local park. None of this mollifies Shange, who says his and other local stores still face closure. "My business has been here through the worst of times," he says. "And now that there will be better times...

Author: /time Magazine | Title: Postcard: Harlem | 5/15/2008 | See Source »

Learning your approximate carbon shoe size is the first step. Everything you do that is powered by fossil fuels has a carbon dioxide cost, and it adds up--a bit like credit card debt. Some actions, like commuting in a gasoline-powered car, have obvious carbon costs. Others are less clear but still significant. Take your diet: livestock are responsible for an estimated 18% of global carbon emissions, so when you chow down a hamburger, you're effectively emitting CO2 as well. Even something as small as an iPod Nano will add to your carbon footprint, thanks to both...

Author: /time Magazine | Title: Sizing Up Carbon Footprints | 5/15/2008 | See Source »

Given that global CO2 emissions total more than 28 billion tons a year, however, that still doesn't add up to a whole lot. Indeed, since carbon emissions will continue to rise in the developing world no matter what we do, it's worth asking why we should even bother to change our lifestyles. One reason is to show others how it can be done. "None of us believes this will end climate change," says Annabelle Gurwitch, who hosts a show on footprinting called Wa$ted! on the new network Planet Green. "But it lets people feel effective...

Author: /time Magazine | Title: Sizing Up Carbon Footprints | 5/15/2008 | See Source »

...federal agency ruling on something that could impact a listed species needs to examine the effect that project might have on the animal. So a new coal plant somewhere far from the bears' habitat in Alaska could hypothetically come under review because the plant's greenhouse gas emissions would add to the warming effect hurting the bears. But Kempthorne specifically ruled out using the ESA listing for what he called "back door" climate policy. "The best scientific data available do not demonstrate significant impacts on individual polar bears from specific power plants, resource projects, government permits or other indirect activities...

Author: /time Magazine | Title: Polar Bears: Protected, but Not Safe | 5/14/2008 | See Source »

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