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...into Gaza, where they, too, will suffer casualties at the hands of Palestinian gunmen. The Palestinian civilian death toll will be far higher, which will, in turn, isolate Israel on the diplomatic front - even those Arab regimes that would have been discreetly pleased to see Hamas dealt a harsh blow (because they fear the Islamist movement is becoming a model for those challenging their own governments) will be forced to distance themselves...

Author: /time Magazine | Title: The Strategic Price of Israel's Gaza Assault | 12/29/2008 | See Source »

...course, the wind doesn't always blow. At Kuzumaki Highland Farm, 200 dairy cows share the power load. Their manure is processed into fertilizer and methane gas, the latter used as fuel for an electrical generator at the town's biomass facility. Nearby, a three-year project sponsored by Japan's Economy, Trade and Industry Ministry's New Energy Development Organization (NEDO) uses wood chips from larch trees to create gas that powers the farm's milk and cheese operations. The bark of other trees is also made into pellets for heating stoves used throughout the community. A local winery...

Author: /time Magazine | Title: A Japanese Town That Kicked the Oil Habit | 12/22/2008 | See Source »

...Mumbai attacks targeted two of India's iconic hotels, the Taj and the Oberoi, where terrorists shot and killed guests indiscriminately and held hundreds hostage for nearly 60 hours. This has proved a deadly blow to an industry already wounded by the worldwide economic downturn. Big hotels across the country have had to invest in beefed-up security, including metal detectors and baggage scanners, and Ratan Tata, chairperson of Tata Sons which owns the Taj group of hotels, has announced that the group will undertake its own anti-terror and security arrangements. But, as P.R.S. Oberoi, chairperson of The Oberoi...

Author: /time Magazine | Title: After Mumbai, India's Hotels Brace for a Sharp Downturn | 12/20/2008 | See Source »

...That isn't to say Daewoo's demise wasn't painful. The government and banks stage-managed Daewoo's unwinding to soften the blow to the economy. The group was broken apart. Some assets were sold. (Ironically, GM acquired some of Daewoo's car company.) Other affiliates got debt restructurings; a government agency bought up Daewoo loans from the financial sector at a discount. Billions were lost. But the whole concept that Daewoo was too big to fail proved false. The reality was that Daewoo had become more burden than boon. Many of the loans it had gobbled up were...

Author: /time Magazine | Title: Why Detroit Is Not Too Big to Fail | 12/19/2008 | See Source »

...breakfast. Some traditions are set by Scripture or laced with superstition; others are accidents elevated into ceremony, habits in party clothes. A Woody Allen character viewed tradition as "the illusion of permanence," but I think that's exactly wrong; our traditions are a ballast against inventions and innovations that blow us faster into a future we have not prepared for. (See TIME's Person of the Year, People Who Mattered, and more...

Author: /time Magazine | Title: Listen to the Kids | 12/17/2008 | See Source »

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