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When the House of Representatives passed the American Clean Energy and Security Act on June 26, it was a landmark moment for environmental politics. If the bill passes the Senate to become law - no sure thing, given the 60 votes needed in the upper chamber - it would establish the first national caps on carbon emissions. It would also create what would almost certainly be the world's biggest greenhouse-gas market, since companies would have the option to buy and sell carbon credits and offsets. Every smart, efficient enterprise that can rapidly bring down its emissions will be able...

Author: /time Magazine | Title: Getting Your Slice of the Cap-and-Trade Pie | 7/7/2009 | See Source »

...Perhaps. But in a conflict that went on for nearly two decades, it's hard to find any Liberian officials whose hands are completely clean. When she testified at the TRC, Johnson Sirleaf admitted that during the early years of the war she had brought food, supplies and financial assistance to Taylor. At the time, she said, she wanted to see an end to the repressive and tyrannical regime of President Samuel Doe. If she cast her lot with a war criminal, she said, she did so unwittingly. (Read a Q&A with Johnson Sirleaf...

Author: /time Magazine | Title: In Liberia, Sirleaf's Past Sullies her Clean Image | 7/3/2009 | See Source »

General Colin Powell, Former Secretary of State "ABC" The spirited lyrics, the dancing and the joy of watching these five handsome, clean-cut youngsters pouring their hearts out moved me then and moves me now. It was the early '70s, a time of war, a time of political turmoil, a time of the counterculture and domestic unrest. They made us smile with their freshness and their cute 'fros. We tapped our feet, felt good watching them, and our cares left for a few minutes...

Author: /time Magazine | Title: Our Favorite Songs | 7/2/2009 | See Source »

...Senate (where he was no slouch at snagging funds for his home state of Delaware), Biden knew his way around a rotten pork barrel. So he set up an in-house watchdog group, with a team that would grow to eight and a charge to keep the spending clean, quick and defensible. Economists will tell you that the most important part of a stimulus is getting the money into the economy fast, where it can replace lost consumer and business spending and keep people employed. But Biden's team knew that it's just as important to maintain public confidence...

Author: /time Magazine | Title: What Happened to the Stimulus? | 7/1/2009 | See Source »

...already been the major financial driver, spending some $418 million on the park and another $1.8 billion on roads, sewers and a rail line to access it. Now, the government's majority stake will remain, but it will drop to 52%, from 57%. "Hong Kong Disneyland needs time to clean up its teething problems. Then profit will come," says Jeffrey Lam, a member of Hong Kong's Legislative Council...

Author: /time Magazine | Title: Can Hong Kong Disneyland Get the Magic Back? | 7/1/2009 | See Source »

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