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...passing an energy bill. Presidents have been talking about reducing U.S. dependence on fossil fuels for decades. McCain's embrace of alternative energy has given the issue a bipartisan flavor. And Obama believes that the quest for new engines and fuels for the future will serve as a "new driver" for robust economic growth. (It has happened before - just ask Thomas Edison and Henry Ford.) But momentum alone won't make it happen. Beneath the surface consensus lies enormous controversy. The cap-and-trade system of charging factories and utilities for permits to burn fossil fuels would be a major...

Author: /time Magazine | Title: How Obama and McCain Would Lead | 10/30/2008 | See Source »

...Ebert on The King of Comedy: Martin Scorsese's The King of Comedy is one of the most arid, painful, wounded movies I've ever seen. It's hard to believe Scorsese made it; instead of the big-city life, the violence and sexuality of his movies like Taxi Driver and Mean Streets, what we have here is an agonizing portrait of lonely, angry people with their emotions all tightly bottled up. This is a movie that seems ready to explode - but somehow it never does...

Author: /time Magazine | Title: Ebert on Scorsese | 10/29/2008 | See Source »

That includes two-time champion driver Tony Stewart, who picked next season (with unfortunate Wachovia-like timing) to strike out with his own NASCAR team. Stewart is finding slim pickings for sponsorship deals that can run from $15 million to more than $20 million a season. He's had to cover his car with two lead sponsors, when he couldn't find one willing to shell out enough money, and has yet to fully fund his second car piloted by former champion Ryan Newman...

Author: /time Magazine | Title: Charlotte Stays Optimistic After the Banking Fallout | 10/28/2008 | See Source »

...energy analyst with the Center for Global Energy Studies in London. "The sales of big gas-guzzling vehicles have collapsed. If we see that kind of change it becomes a much longer term issue with long-term demand destruction." In the short term, there's simple math. The average driver goes about 12,000 miles a year at 20 miles per gallon, says Ken Medlock, an Energy Fellow at the Baker Institute at Rice University in Houston, Texas. If gasoline drops $1.50 the $900 that Joe Average Driver saves would amount to a big stimulus package. According to Ed Leamer...

Author: /time Magazine | Title: What's Behind (and Ahead for) the Plunging Price of Oil | 10/24/2008 | See Source »

...That's certainly how the first driver to arrive on the Pakistani side of the once princely state sees it. "I'm very happy. I cannot express my joy," says Taslim Arif, whose pickup truck is carrying fruit and spices. "It's good to be in our homeland, to be among my brothers. If Kashmir stays with India, it will be very bad. We need to be free...

Author: /time Magazine | Title: India, Pakistan Cross the 'Line' | 10/23/2008 | See Source »

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