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...growth in carbon emissions, it would actively prevent states - even ones with Republican governors - from taking steps on their own. Now, with Obama directing his EPA to reconsider the waiver - and new EPA head Lisa Jackson has said that she would "very, very aggressively" review the request - the door is open to California once again taking the lead on cleaner cars. "It's a tremendously important step because we are in an urgent race against the climate crisis," says Vickie Patton, a senior attorney for the Environmental Defense Fund...

Author: /time Magazine | Title: Obama's Move on Fuel Efficiency: A Clean Win for Greens | 1/26/2009 | See Source »

...Medical College, knows those stakes all too well. He is a veteran of the last revolution in medical technology, gene therapy, which, after some hyped expectations in the 1990s, fell into disfavor after some unsuccessful trials. Crystal is cautiously optimistic about the potential for this trial to open the door to future stem-cell therapies. "I think this is a very positive start, but the expectations and hype I see around stem-cell therapies are the same that I saw around gene therapy. We just have to remember that these take a long time to develop. But you will never...

Author: /time Magazine | Title: Cautious Optimism for the First Stem-Cell Human Trial | 1/24/2009 | See Source »

...Fair Oscar party. Last year's bash - for which tickets cost somewhere in the neighborhood of $2,000 - was hosted by Grammy-winning hip-hop artist Common and featured a drop-in by Hugh Marston Hefner himself, along with his three obliging companions from E!'s The Girls Next Door and a herd of other Playmates. For those who preferred women with fewer opinions, there was a life-size Femlin model (note to Hef novitiates: Femlins are a hybrid of females and gremlins) atop a martini glass. There were drinks, celebs, giveaways - all in all, a classic one-two punch...

Author: /time Magazine | Title: Playboy Shows Signs of Withdrawal | 1/24/2009 | See Source »

...week earlier, on Jan. 8, the SEC came knocking on Joseph Forte's door in Broomall, Pa., for allegedly scamming 80 investors out of $50 million. Forte had been selling false securities in limited partnerships since 1995. Forte's forte, the SEC says, was in reporting consistent annual returns of 18% to 37%. In actuality, the fund's only real consistency was in its losses. On Sept. 30, 2008, Forte said his fund was valued at $150 million, while the actual balance was about $147,000. Whoops! (See the worst business deals...

Author: /time Magazine | Title: Beyond Madoff, Ponzi Schemes Proliferate | 1/23/2009 | See Source »

...Bolivia analyst Erasto Almedia of the political risk consulting firm Eurasia Group says automakers shouldn't panic. Morales may talk a big nationalist game, Almeida argues, but he always ends up accepting foreign investment and technological support that could give the car companies a foot in the lithium-production door. "The conditions exist for foreign investment and involvement in the lithium sector in Bolivia," Almeida contends, especially if Bolivia wants to expand beyond the initial pilot plant...

Author: /time Magazine | Title: For Lithium Car Batteries, Bolivia Is in the Driver's Seat | 1/22/2009 | See Source »

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