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...trade emissions must join the Chicago Climate Exchange, a voluntary but legally binding bourse whose members, according to founder Richard Sandor, account for 8% of the greenhouse emissions from stationary sources in the U.S. "If we were a country," he says, "we'd be roughly the size of Britain." Members of the Chicago exchange, including Ford Motor Co. and DuPont, have pledged to cut their emissions 4% by the end of this year from the levels they averaged from 1998 to 2000. They have already taken tens of millions of tons of greenhouse gases out of play, which sounds impressive...

Author: /time Magazine | Title: Global Warming: How to Seize the Initiative | 3/26/2006 | See Source »

...inspections. But the plan met resistance from Russia, which wants to avoid Security Council involvement altogether. "It's a fundamental problem," says a senior U.S. official. U.S. Secretary of State Condoleezza Rice telephoned Russian Foreign Minister Sergei Lavrov but made little headway. She plans to visit Berlin, Paris and Britain this week in an effort to hammer out a statement that can win unanimous backing in the Security Council. Meanwhile, Tehran has sped up research work on the uranium enrichment that lies at the heart of the dispute. Diplomats who have been briefed on Iran's program by international inspectors...

Author: /time Magazine | Title: Will Iran Get The Bomb? | 3/26/2006 | See Source »

...opposition group in 2002. Iran eventually owned up to the deception, telling the IAEA that since the West had denied Iran reactors for decades, it had to go underground to become self-sufficient in fuel. The revelations led the IAEA to put seals on Iran's test centrifuges while Britain, France and Germany tried to negotiate guarantees that Iran's nuclear program could never be shifted to weapons production--an effort that the U.S. backed after initial hesitation. But those talks collapsed in January when Iran refused to abandon its insistence that it retain the rights to proceed with enrichment...

Author: /time Magazine | Title: Will Iran Get The Bomb? | 3/26/2006 | See Source »

...FREED. NORMAN KEMBER, 74, British peace activist; along with Canadians James Loney, 41, and Harmeet Singh Sooden, 32; after being held by Iraqi kidnappers for 118 days; in Baghdad. The Christian peace campaigners were rescued in an operation led by Britain's SAS, but their captors?who had threatened to kill them unless all Iraqi prisoners were released?had already fled. Fears for the group grew when a fourth hostage, American Tom Fox, 54, was found murdered in early March...

Author: /time Magazine | Title: Milestones | 3/26/2006 | See Source »

...self-deprecation as well. Just last week he told reporters, "I am but a humble laborer in the world of politics from the Adelaide Hills." Still, the Liberal Party's self-styled toiler gets around. Downer recently charmed U.S. Secretary of State Condoleezza Rice on her short visit; Britain's Prime Minister Tony Blair and China's Premier Wen Jiabao are in for a treat, too. Downer's hyper-funny side is in its prime, frequently teased out by his hyperactive Opposition counterpart, Kevin Rudd. Far from the kiss-kiss world of diplomacy, political beasts Downer and Rudd often rumble...

Author: /time Magazine | Title: Beyond Funny, Even Serious | 3/26/2006 | See Source »

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