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...company that owns the Chrysler Building. A year later he acquired a minority share in the Flatiron, which today is valued at a total of $180 million. With the latest deal, he holds a 53% share of the famous building. "The Flatiron is expensive, but with the [cheap] dollar, it made sense to increase our share," says Mainetti. "The stability of the New York real estate market is unique. This current crisis will pass, and the dollar will re-establish itself. We are confident...

Author: /time Magazine | Title: An Italian Snags the Flatiron | 6/10/2008 | See Source »

...course, such access doesn't come cheap. A general membership can cost $1500 per year. An elite membership, which comes with a personal concierge available 24 hours a day, costs-well, if you have to ask, you probably can't afford it. "We're not saying Quintessentially is for everyone," Elliot admits. Those of us who can't afford an invite to the party will just have to find our Patagonian blueberries and albino peacocks elsewhere...

Author: /time Magazine | Title: Jeeves 2.0 | 6/10/2008 | See Source »

Steve Jobs did something never before seen in the history of Apple: he unveiled a cutting-edge product that's relatively cheap...

Author: /time Magazine | Title: The Cheaper, Faster iPhone | 6/9/2008 | See Source »

...cheap power? Not really, Grimshaw admits. "It's more sophisticated than incineration, it is an advanced technology, so it has a pricetag." A big reason for Britain's landfill addiction is that it's relatively inexpensive to bury rubbish. But those looming E.U. fines if biodegradable waste limits aren't met are making gasification cost-competitive. Certainly Energos wants the Isle of Wight plant to sell the concept to other communities in the U.K., Europe and beyond. Which is why it's also erecting something rarely seen at a power plant: a visitors' center...

Author: /time Magazine | Title: Britain To Burn Trash for Energy | 6/9/2008 | See Source »

Nuclear power was the energy of Tomorrowland - in the 1950s it was going to make electricity too cheap to meter - until it came to a standstill over the past couple decades. It's now poised to make a dramatic comeback. At least, that's what many politicians and the media say. As the Senate this week debated the Warner-Lieberman carbon cap-and-trade bill, which would put a federal limit on greenhouse gas emissions, many doubtful senators said they wouldn't vote for the measure unless massive subsidies for nuclear were included. (The bill was shelved.) Even some veteran...

Author: /time Magazine | Title: Is Nuclear Power Viable? | 6/6/2008 | See Source »

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