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...change the environmentally dangerous practices of businesses which are under financial stress the government will need to provide the same kind of financial support it is already giving to other industries under the new stimulus program. There is a benefit to getting capital to a company that helps build systems to distribute the energy from wind turbines or change their facilities into locations that use solar power. If the government wants to help companies change businesses so that they pollute less, the fastest way to do it is to invest government money to finance the process. That would save...

Author: /time Magazine | Title: Even Al Gore Can't Bring Attention to the Environment and Recession | 5/18/2009 | See Source »

...subsidized industrial white elephants, all built at the taxpayers' expense. "Floodlit sheep meadows," grumbles Reiner Holznagel, managing director of the German Federation of Taxpayers. "In every district you can find projects that make you shake your head." Among the most egregious: the now-bankrupt firm Cargolifter, which tried to build a modern Zeppelin airship with tens of millions of government dollars. (See pictures of the Top 10 scared traders...

Author: /time Magazine | Title: What Germany Got for Its $2 Trillion | 5/18/2009 | See Source »

There's no doubt this public spending produced some results. The U.S. semiconductor firm AMD, for example, was planning to build a new plant in Ireland. In 1995, however, it switched to the Dresden area - once a high-tech region for the whole Soviet bloc - where it now employs about 2,000 people. Similarly, on the edge of Halle's Neustadt, in a brand-new technology center built on the site of the former Soviet army base, Katja Heppe pulls the claws of a snow crab out of a plastic bag. She's 29, a biotechnology researcher who specializes...

Author: /time Magazine | Title: What Germany Got for Its $2 Trillion | 5/18/2009 | See Source »

...people listen to lyrics more." He is regretful, though, that orchestras have shrunk - no new Sondheim show has had a full orchestra since 1981, and as smart and innovative as the new chamber-piece productions of his shows are, "you can always pare down a big orchestra, but not build up," he says. (See pictures of New York...

Author: /time Magazine | Title: Past Master: Stephen Sondheim | 5/18/2009 | See Source »

...With that in mind, Nasheed announced a contingency plan late last year that titillated the foreign press. From its tourist revenues, the Maldives would set aside a chunk of money each year. It would combine that with aid from richer nations and the Commonwealth, and build a sovereign fund that could one day go toward purchasing new territory for the country's climate refugees in far bigger nations like India or Australia. "At the end of the day, we are talking about needing dry land," says Nasheed bluntly. "It is a myth to assume that humanity has always been stationed...

Author: /time Magazine | Title: The Maldives' Struggle to Stay Afloat | 5/18/2009 | See Source »

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