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...before we even begin to clean up our energy sources. The key is to add 21st century speed and intelligence (i.e., the Internet) to the 20th century infrastructure of the power grid - voilà, a "smart grid." The result would be a system that allows power utilities to remotely detect and respond to outages; that lets consumers program their appliances to use electricity when it's most abundant, allowing power companies to reduce waste; and through which new sources of alternative power could be channeled into the towns and cities that need it. (Read "Solar Power: Eco-Friendly or Environmental...

Author: /time Magazine | Title: Miami's Smart Grid: A Blueprint for the Power Future | 4/22/2009 | See Source »

China's rapidly growing Navy today patrols the Gulf of Aden, helping to protect Chinese commercial ships from piracy. It has eight new kilo class submarines - whose silence underwater makes them difficult to detect. Many of them are housed at a huge, new Naval base on the tropical island of Hainan, the "Hawaii" of China. Just last week, Admiral Wu Shengli, China's top naval officer, said his country needed to acquire more high tech weaponry in "order to boost the ability to fight in regional sea wars." Toward that end, many military analysts believe, China will soon build...

Author: /time Magazine | Title: The Chinese Navy: How Big a Threat to the U.S.? | 4/21/2009 | See Source »

...says authorities almost never detect the origin of the laundered funds, in part because the people who are caught refuse to rat out their higher-ups. "They prefer to take the [jail] sentence than tell us the truth," says Liu. He also admitted that fear often paralyzes further investigation. In one case, a Colombian woman was caught at the airport with some $140,000 and sentenced to six years in prison. Liu says that after the trial last year, the woman's lawyer advised Liu not to investigate any further. Liu followed the advice, and says the people the woman...

Author: /time Magazine | Title: In Guatemala, a Village that Cocaine Built | 4/16/2009 | See Source »

...that worst-case scenario crossed your mind last week, it was probably because you'd just read news reports that federal authorities had detected signs that hackers - likely from Russia and China, countries with militaries known to be pursuing cyberwarfare capabilities - had penetrated the computer systems that control the power grid. It was unclear when these intrusions had taken place, but they had left a software signature. If that wasn't disturbing enough, the North American Electric Reliability Corp., a Congress-authorized regulator, issued an alert that the utilities had not adequately surveyed their computer systems to detect vulnerabilities. (Read...

Author: /time Magazine | Title: How Vulnerable Is the Power Grid? | 4/15/2009 | See Source »

...this point, it would be hard for companies to get any cheaper," Graham said. Since everyone already has an Internet-connected computer, "it's gotten to the point that you can't detect the cost of a company when added to a person's living expenses. A company is no more expensive than a hobby these days...

Author: /time Magazine | Title: The New Internet Start-Up Boom: Get Rich Slow | 4/9/2009 | See Source »

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