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...electricity is behind the push. While China's total power capacity will nearly double by 2020, the amount that could come from wind and solar is expected to jump more than fivefold, aided by significant government assistance. Beijing announced in March it will subsidize 50% of costs for certain solar-panel projects, and 70% in remote regions. (See pictures of the new ways to boost energy efficiency...

Author: /time Magazine | Title: Tower of Power | 11/2/2009 | See Source »

...measure that activity at the end of the Great Depression. Kuznets himself warned that "the welfare of a nation can ... scarcely be inferred from a measure of national income." Seventy-five years on, GDP feels like an idea whose time has finally passed. "GDP measures, in a certain sense, how much stuff we can produce that we can drop on an enemy," Alan Krueger - now a top-ranked economist in the Obama Administration - said at the Organization for Economic Cooperation and Development (OECD) World Forum in 2007. "It's natural in the post?Cold War era that we would turn...

Author: /time Magazine | Title: A Better Measure than GDP | 11/2/2009 | See Source »

Your article advocates "retirement insurance" as an alternative to the 401(k) but fails to mention that such an option already exists [Oct. 19]. The variable annuity--guaranteed income throughout your retirement--is an option included in certain 401(k) plans. The government can encourage or mandate the inclusion of an insurance/annuity option in 401(k) plans but should not replace the 401(k) with such an option. The suggestion that the 401(k) should be scrapped because some employees near retirement made poor investment choices is wrong. Leave my 401(k) alone...

Author: /time Magazine | Title: Inbox | 11/2/2009 | See Source »

...trial is far from certain. Paris prosecutor Jean-Claude Marin has already advised that the charges be dropped as groundless. Under French law, he now has several weeks to petition an appeals court to overturn Simeoni's ruling - a move he looks certain to make since he previously told the judge he believed the evidence against Chirac was too weak to take to trial...

Author: /time Magazine | Title: Chirac Faces Charges. French Shrug. | 10/30/2009 | See Source »

...these suspicious positions are cited in Simeoni's dossier. Chirac was constitutionally banned from giving testimony in the case while he was president from 1995-2007, but he admitted after leaving office that he took part in the decision to create the jobs and assign them to certain supporters, although he maintained that they were legitimate and provided valuable work for the city. Nine former aides have also been ordered to face corruption charges...

Author: /time Magazine | Title: Chirac Faces Charges. French Shrug. | 10/30/2009 | See Source »

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