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...runs a wind consultancy in Copenhagen. Denmark offers a good example. Thanks to tax incentives and subsidized prices, the country now has 6,500 windmills. But since the government decided that wind power should be priced according to the market two years ago, construction of new turbines has fallen sharply. One of the beneficiaries of Denmark's early move into wind power is Vestas Wind Systems, based on the North Sea coast in Ringkobing. Originally a maker of farm equipment, Vestas began manufacturing windmills as a sideline and sold them to farmers. The company, which now makes only wind turbines...

Author: /time Magazine | Title: Is It a Breeze? | 7/14/2002 | See Source »

...Major League ballplayers on steroids. Comedians joke that Arthur Andersen tries to cover up corruption by rotating accountants from diocese to diocese, that Enron and K Mart will merge so Martha Stewart can design the prison uniforms. In each case it is the mighty who have fallen. The church scandal was as much about complicit Cardinals as about wayward priests; the FBI field agents did their job, but their careerist bosses stuffed all the clues into their desk drawers. As for the CEOs, they raid company coffers to pay off margin calls or build new mansions; awash in options, they...

Author: /time Magazine | Title: Summer of Mistrust | 7/14/2002 | See Source »

...move-Halliburton's merger with Dresser Industries in 1998, when Dresser was about to be buried under asbestos-contamination lawsuits. Halliburton remains burdened with the liability of more than 200,000 suits and as of last year was on the hook for $125 million in settlements. Its stock has fallen from nearly $60 to about $13.50, imperiling the retirement savings of blue-collar workers. (Cheney cashed in his Halliburton stock options before taking office, clearing more than $20 million before the shares tanked...

Author: /time Magazine | Title: The Rap on Bush and Cheney | 7/14/2002 | See Source »

...nations, the best hope appears to lie in the manufacture and distribution of cut-price "copycat" drugs, like those created in India and sold to Uganda's government at drastically reduced prices. Since the introduction of these drugs in Uganda, a country devastated by AIDS, prices for treatments have fallen by 97 percent, according to Oxfam, an international aid organization...

Author: /time Magazine | Title: AIDS: Report From the Front | 7/11/2002 | See Source »

...have two horses with us and fare little better. Led by John Indrehus, a horse packer with a pistol strapped to his belt, the horses struggle over fallen trees, and one, having cut its leg open, bolts, nearly running us down. By late afternoon we climb to the snow line, and the horses, each 1,200 lbs. of skittishness, start shying as they sink into the drifts. Indrehus is worried that one will break a leg under a buried log. "That's why you bring the pistol," he says. Fairchild decides to camp early and send the horses back...

Author: /time Magazine | Title: Why the Lolo Is Legend | 7/8/2002 | See Source »

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