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Read "AIG's Distress: Are There Enough Fingers for This Dike...

Author: /time Magazine | Title: The Case for Letting AIG Fail | 3/16/2009 | See Source »

...economical way to capture and sequester carbon emissions from coal, and many experts doubt there ever will be. But now the idea of clean coal might be truly dead, buried beneath the 1.1 billion gallons of water mixed with toxic coal ash that on Dec. 22 burst through a dike next to the Kingston coal plant in the Tennessee Valley and blanketed several hundred acres of land, destroying nearby houses. The accident - which released 100 times more waste than the Exxon Valdez disaster - has polluted the waterways of Harriman, Tenn., with potentially dangerous levels of toxic metals like arsenic...

Author: /time Magazine | Title: Exposing the Myth of Clean Coal Power | 1/10/2009 | See Source »

...better. Whether Encore signals a new beginning for Las Vegas, the way Wynn's Mirage did in 1989, is not a bet to take lightly. "We're still in a fairly early phase in the downturn," says Schwer. "I don't see Steve Wynn sticking his finger in the dike and holding it back...

Author: /time Magazine | Title: The Good Times Stop Rolling: Vegas Meets the Recession | 12/29/2008 | See Source »

...towns, fishing villages and oil ports that are even more exposed than New Orleans. For decades, Louisiana's southern parishes have clamored for a series of gigantic levees across the coast--a kind of Great Wall of Louisiana--starting with a 72-mile (116 km) Morganza-to-the-Gulf dike for the city of Houma and some exposed bayou towns. Keith Luke rode out Gustav in his shrimp boat; his hometown of Dulac, once nestled behind cypress swamps and marshes, is now surrounded by open water. "We need levees," Luke said after the storm. "This is one bayou that...

Author: /time Magazine | Title: Gustav's Lessons for New Orleans | 9/4/2008 | See Source »

...rainiest swath of the country is running dry, facing a specter of structural droughts. And the dike around Lake O. is leaking so badly that water managers routinely dump billions of precious gallons out of the lake to avoid a 1928-style calamity, ravaging estuaries and draining the region's water supply. This spring the lake fell so low that 40,000 acres of its exposed bottom burned out of control, along with 40,000 acres of the perennially parched Everglades National Park...

Author: /time Magazine | Title: Is Florida the Sunset State? | 7/10/2008 | See Source »

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