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...auto industry execs want us taxpayers to save them? This taxpayer would really like to be able to buy a Motown-made vehicle without feeling as if I was paying twice for it, once at the car dealer's and a second time through my taxes. Richard Arrighi, Oakland, California...

Author: /time Magazine | Title: Inbox | 12/4/2008 | See Source »

...prompted big rain-forest nations like Indonesia and Brazil, which were initially suspicious of exposing their sovereign forests to an international carbon market, to rethink REDD. Last month, representatives from a handful of Indonesian and Brazilian states signed a memorandum of understanding with several large U.S. states - including California, which has already adopted a carbon cap of its own - to explore avoided deforestation projects. The possibility of tapping into California's rich carbon markets has tropical nations salivating. "Until now, no one has said to [rain-forest nations] 'We'll give you a market for your credits,' " says Dorjee...

Author: /time Magazine | Title: Green Banks: Paying Countries to Keep their Trees | 12/4/2008 | See Source »

...billion project is about half done, but it's not scheduled for completion till 2014. Financing has slowed construction: at one time, Venice had to sell off some of its venerated palazzi to raise money. But, says Rafael Bras, dean of the engineering school at the University of California at Irvine and chair of the committee overseeing MOSES, another change in the global climate is helping. The worldwide financial crisis has prompted governments to throw vast amounts of money into public works to stimulate their economies. And so MOSES is finally getting its share. Who knew the Adriatic wanted that...

Author: /time Magazine | Title: The Moment | 12/4/2008 | See Source »

...Hawaii Governor Linda Lingle and her state's largest utility endorsed plans to build more than 70,000 recharging stations for electric vehicles by 2012. The project, expected to cost upwards of $70 million, calls for a public-private partnership with the California-based battery maker Better Place, which will build the stations and supply batteries to those who choose to buy or lease an electric car. Lingle hailed the plan as a major step in curbing emissions and rising energy costs. The state needs to do something; it spends nearly $7 billion each year on imported oil. Better Place...

Author: /time Magazine | Title: The World | 12/4/2008 | See Source »

...tabloid absurdity—hence its prominence in the media and in conversation—but it is also a striking real-life indication of how far consumer culture has gone astray. As Joe Priester, a professor at the Marshall School of Business at the University of Southern California, suggested, we may attribute the homicidal mania of the Wal-Mart shoppers in question to “a sort of fear and panic of not having enough.” How far are we willing to let this acquisitive lust take us? Damour’s death is emblematic...

Author: By Sabrina G. Lee | Title: The Casualties of Consumerism | 12/4/2008 | See Source »

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