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...assure you, Senator, that I don't wake up every morning thinking about how to sell the company. We're busting our guts and the people who are left there are busting their guts to make this thing work," Chrysler CEO Robert Nardelli argued back. At another point in the hearing, Nardelli told Dodd that the weakest of the Big Three can survive alone and that $7 billion is all it will need "to avoid, Mr. Chairman, having to come back and again ask you for support." Utah's Bennett broached the idea of Congress writing into any package...

Author: /time Magazine | Title: Big Three Bailout Hits Some Speed Bumps in Washington | 12/4/2008 | See Source »

...gear. Today, if it's not raining or snowing (or both), views from Reykjavik's harbor are relatively clear. Icelanders hope steam can pull them through tough times again. "The Icelandic power industry will be one of the pillars to carry us out of this crisis," says Asgeir Margeirsson, CEO of Geysir Green Energy. As Thorunn Sveinbjarnardottir, Iceland's Environment Minister, puts it: "Icelanders think about this resource in almost biblical terms...

Author: /time Magazine | Title: Energy: Boiling Point | 12/4/2008 | See Source »

...biggest obstacle to budding entrepreneurs in Africa. "It saddens me when I come to a place where you have a big oil-driven generator sitting on top of a geothermal field and you're paying three or four times the cost [for energy]," says Thoroddsson, the former CEO of Reykjavik Energy's investment...

Author: /time Magazine | Title: Energy: Boiling Point | 12/4/2008 | See Source »

...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 Sun, CEO of the avoided-deforestation group Carbon Conservation, which helped broker the deal. "This is the next step...

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

...reason politicians may be unlikely to declare war on direct mail is that it yields an estimated $646 billion a year in sales. (The magazine industry, including TIME Inc., which publishes TIME, makes frequent use of direct mail.) "Mail works," says Don McKenzie, CEO of Direct Group, a direct-marketing company. "It's one of the best advertising methods out there." Which means that free-market solutions are likely to remain your best ally in combatting mailbox mess...

Author: /time Magazine | Title: De-Cluttering Your Mailbox | 12/4/2008 | See Source »

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