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Told of the Taylor amendment, Immelt remarked, "I wasn't even aware that's the case ... We are who we are." GE would continue to defend its interests, he added. GE has reserved the cash for the Hudson cleanup, estimated to cost $500 million, and is cooperating with the EPA on a project design, he says. Nonetheless, the dredging operation, ordered in 2002 and scheduled to start in 2006, was recently delayed by a year. And GE may still legally challenge an EPA order to perform the cleanup or sue the agency to recoup costs...

Author: /time Magazine | Title: GE's Green Awakening | 7/7/2005 | See Source »

...McCain. "Some of the committees will still hold hearings and such, but as far as national attention goes, this is going to be at the center for some time." With his approval ratings in a slump, Bush might welcome an extended fight that puts him in a position to defend his list of values. Democrats too might want the confrontation, if only to help define who they are as they head into an election year. And no matter where you come down on abortion or church-state relations, who can disagree that fundamental values are involved? Americans approach these periodic...

Author: /time Magazine | Title: The Tipping Point? | 7/3/2005 | See Source »

...solve all their problems. But it's also a reminder of how far Iraq has to go. In his speech last week, Bush said that "the best way to complete the mission is to help Iraqis build a free nation that can govern itself, sustain itself and defend itself." A year after the handover of sovereignty, none of those conditions are close to being met. The government has been promising an improved power supply but has failed to deliver. It fingers insurgents for blowing up water pipelines but seems unable to repair the damage. It claims success in operations against...

Author: /time Magazine | Title: Letter From Baghdad: Oil But No Gasoline, Rivers But No Water | 7/3/2005 | See Source »

Abramoff's spokesman released a statement last week saying that with an investigation ongoing, "Mr. Abramoff is put into the impossible position of not being able to defend himself in the public arena until the proper authorities have had a chance to review all accusations." Norquist says he believes the direction of the Indian Affairs Committee's probe is being driven by an old rivalry between him and the committee chairman, Republican Senator John McCain. "This is completely political," Norquist says. McCain said last week's hearings sought to uncover fraud against the Choctaws, not investigate Norquist or Reed...

Author: /time Magazine | Title: The Gimme-Five Game | 6/27/2005 | See Source »

...1960s we had irrefutable evidence that the Soviets were deploying an antiballistic-missile system around Moscow--a system to defend their capital against our long-range missiles. We made the reasonable--but perhaps incorrect--assumption that they would deploy the system across the entire Soviet Union. Why would anyone put a system around one city and nowhere else? Were a nationwide Soviet ABM system to be put in place, it would require that we make major changes in our force levels...

Author: /time Magazine | Title: By Robert S. McNamara (Long Road to Reykjavik) | 6/21/2005 | See Source »

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