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...inside his open-pit mine, Pat Crisby, a plainspoken Newfoundlander, makes a startling observation. "We move enough dirt to fill the SkyDome in 48 hours," says Crisby, a fiftyish manager at Syncrude Canada Ltd., a company that is the Incredible Hulk of North America's biggest and richest resource deposit: Alberta's oil sands. The idea of filling the 60,000-seat home of the Toronto Blue Jays (now called Rogers Centre) with sticky, bitumen-laced soil from the Aurora North mine in a weekend is mind-boggling. But it puts the business conducted on this chunk of boreal real...

Author: /time Magazine | Title: Well-Oiled Machine | 5/22/2008 | See Source »

Facing record gas prices, President Bush reluctantly signed a bill to halt the deposit of 70,000 barrels of oil per day into the Strategic Petroleum Reserve, a two-month buffer of crude last tapped to offset disruptions caused by Hurricane Katrina. The amount of extra oil is relatively tiny--the world produces close to 75 million bbl. per day--meaning the move will have little impact on prices. Still, the measure sailed through Congress with overwhelming support...

Author: /time Magazine | Title: The World | 5/22/2008 | See Source »

...series of interest-rate cuts by the Bank of England since December has so far failed to tame mortgage interest rates; the average rate on a two-year fixed deal with a modest deposit rose to 6.94% in April from 6.6% the previous month. Annual inflation in the U.K. hit 3% in April, well beyond the government's 2% target, making further cuts soon highly unlikely. The central bank offered in late April to swap around $100 billion of lenders' old mortgage debt for safer government bonds, but the effect on the housing market has been muted. "It certainly...

Author: /time Magazine | Title: Trouble at Home | 5/21/2008 | See Source »

...most part, operating under the national radar - until news of the company's plans to import 20,000 tons of LLRW from Italy hit the local Utah media late last year and the national media shortly afterward. EnergySolutions had hoped to process the waste at a Tennessee facility and deposit 1,600 tons of it into the company's radioactive waste landfill in Clive, Utah. But now a torrent of opposition has come up against that plan...

Author: /time Magazine | Title: Hitting a Nuclear Roadblock | 5/9/2008 | See Source »

...colleges require students to decide where they want to go by May 1, after which they will re-evaluate the kids they've kept on hold. Given the odds, those who choose to remain on a waitlist should still accept an offer from--and, yes, probably pay a nonrefundable deposit to--another school, lest they have nowhere to attend in the fall. Some waitlisted students use the time to take action. Sam Davison, a senior at Highland Park High School in Texas, was waitlisted at his first choice, Vanderbilt University. To boost his chances, Davison had a family friend...

Author: /time Magazine | Title: Getting Off the College Waitlist | 4/24/2008 | See Source »

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