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Even business has got into the act. Peter Brabeck-Letmathe, head of Nestlé , the world's largest food and drink company, said the enormous biofuel subsidies being proffered by Brussels and Washington are "morally unacceptable and irresponsible." And environmental groups, which championed biofuels just a few years ago, have...

Author: /time Magazine | Title: Europe Grapples Over Biofuels | 5/8/2008 | See Source »

It is not only law enforcement that has had to get used to new times. Traditional organized crime groups like the Sicilian mafia, New York's Five Families and even the powerful Yakuza syndicates in Japan have had difficulty adjusting to this rapacious new model of international crime. Old patterns...

Author: /time Magazine | Title: The New Gangsterism | 5/7/2008 | See Source »

These "magical misery tours" are real estate agents' attempts to move their ever increasing inventory fast, as the mortgage crisis forces more and more homeowners into foreclosure. The idea originated in nearby Stockton last year and has migrated to other cities in California, Michigan, Florida and Massachusetts. Elk Grove alone...

Author: /time Magazine | Title: Postcard: Elk Grove | 5/1/2008 | See Source »

Deborah Jeane Palfrey, known as the "D.C. Madam," once implied that suicide was cowardice but, in the end, she seems to have chosen that same path herself. "She wasn't going to jail, she told me that very clearly. She told me she would commit suicide," author Dan Moldea told...

Author: /time Magazine | Title: D.C. Madam: Suicide Before Prison | 5/1/2008 | See Source »

Of course, the Internal Revenue Service does have a role to play in the U.S. economy. The pharmaceutical industry, for instance, surely welcomes the annual jump in demand for anti-migraine pills and other tranquilizers that anticipate Tax Day’s arrival. Perhaps the streets are safer with people...

Author: By Jan Zilinsky | Title: Simple is Beautiful | 4/30/2008 | See Source »

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