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True, no economic forecast of 15 years into the future is ironclad, but there are enough safety valves and offsets in Waxman-Markey to ensure the cost will be manageable. But that's the problem. To keep conservative Democrats on board - especially those in the coal-heavy Midwest and Southeast - Waxman and Markey allowed the bill to be watered down considerably, loosening the overall carbon cap and scaling back the renewable-energy standard. When the powerful farm lobby balked at the bill, it was changed to allow farmers to sell offsets from agriculture, such as no-till farming, which leaves...

Author: /time Magazine | Title: What the Energy Bill Really Means for CO2 Emissions | 6/27/2009 | See Source »

...Long a board member of the national advisory council for the National Domestic Violence Hotline, she became an ardent activist for the Cancer Society. She put the news of her condition, and the remains of her celebrity, to worthy use. O'Neal hoped she would finally marry him, and she agreed, but at the end, she was too weak for the ceremony to be performed. A Catholic priest performed last rites a few hours before her death this morning in Santa Monica, Calif. O'Neal was with...

Author: /time Magazine | Title: Farrah Fawcett: The Golden Girl Who Didn't Fade | 6/26/2009 | See Source »

...will be replaced now by the U.S.S. McCampbell as the Kang Nam 1 nears the Straits of Malacca and Singapore, perhaps the world's biggest maritime pit stop. The city-state's government says it will act "appropriately" should the vessel call at its port with illegal materials on board. According to South Korean press, the Kang Nam 1 will need to refuel soon. (See pictures of North Korea's rubber-stamp elections...

Author: /time Magazine | Title: Why Burma May Be North Korea's Best Friend | 6/26/2009 | See Source »

...critic in me would like to see Best Picture nominations for foreign-language films and documentaries. But the Academy-board poobahs aren't trying to make room for more gnarly little art-house entries. They know that more people watch the Oscars in years when truly popular movies are among the finalists. The biggest ratings in the past 15 years have been when Titanic and LOTR: The Return of the King swept to victory. Ratings were up a bit this year; but if two big audience favorites, Slumdog and The Dark Knight, had gone head to head, the numbers might...

Author: /time Magazine | Title: Why the Oscars Need 10 Nominees | 6/25/2009 | See Source »

David Lowley, a New Bethel elder and board member, tells TIME the service is simply an effort to "think outside the box" and increase outreach. He says he raised several what-if scenarios, and after extensive discussion, the board green-lit the idea last year. He says he did not anticipate the level of attention but adds that "it is what it is, because the Lord made it be what it is. We'll go with it and take from there...

Author: /time Magazine | Title: Louisville's Bring Your Firearms to Church Day | 6/25/2009 | See Source »

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