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With a razor-thin margin of just seven votes, the House of Representatives on Friday evening passed the American Clean Energy and Security Act - the first bill to put a fixed and declining cap on U.S. greenhouse-gas emissions. Republicans and Democrats in the House spent much of the day sparring in sharp language over the bill, which will reduce U.S. carbon emissions 17% below 2005 levels by 2020 and 83% below by 2050. In the end, the vote of 219 to 212 included more than 40 Democrats who broke ranks with their party's leadership to vote against...

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

...Tokyo's bustling Shibuya district, a woman makes a beeline for the Michael Jackson display on the second floor of the HMV music store. Crying under her green knit cap, she reaches for "Visionary," a black box of video singles from the King of Pop and a few of the Michael Jackson boxed figurines on display. Sho-ma - a dancer whose first exposure to Jackson was the album "Off the Wall" when she was in the third grade - said she first heard the news of Michael Jackson's death at 8 a.m. at her home in Tokyo. Another...

Author: /time Magazine | Title: Big In Japan: Tokyo Mourns Jackson's Death | 6/26/2009 | See Source »

...candidate wanted renewables to reach 25% of the U.S. energy mix by 2025, we're a long way from that goal (less than 3% of our power comes from non-hydro renewables), and there's growing doubt that even Obama's greener policies can bring us there. The cap-and-trade bill circulating in Congress contains a weak renewable-energy standard -just 20% of U.S. electricity would need to come from renewables by 2020, but that allows for nuclear power, and many utilities would be allowed to escape the requirement altogether. "We're off to a slow start," says Peter...

Author: /time Magazine | Title: Can Wind Power Get Up to Speed? | 6/23/2009 | See Source »

...cap proposed by Mosley would be voluntary, but far more extensive technical restrictions would be placed on teams that decline to sign up, making it harder for them to stay competitive. Some of the top teams currently spend three or four times Mosley's proposed limit on R&D in search of that evolutionary advantage. (See pictures of the history of Formula...

Author: /time Magazine | Title: Are the Wheels Coming Off of Formula One? | 6/20/2009 | See Source »

...including Ferrari, McLaren, Renault, Toyota, BMW Sauber and current competition leader Brawn GP, plan to set up a rival championship for the 2010 season. They say the rule changes proposed by Mosley would create an unsatisfying two-tier competition by setting different engineering rules for teams that accept the cap and those that don't, and that the spending cap would hinder innovation. A series of recent changes in the rules governing design have also annoyed the teams, which complain that the constant changes to regulations makes it harder to design new cars and engines. (See the 50 worst cars...

Author: /time Magazine | Title: Are the Wheels Coming Off of Formula One? | 6/20/2009 | See Source »

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