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...fire's financial toll has climbed to nearly $45 million. That has been the cost so far of a ground and air assault on the nearly 160,000-acre Station Fire, as it has been called, with more than 4,000 firefighters working the fire lines and an air fleet of 12 helitankers, seven helicopters and 11 airplanes - including a Boeing 747 and a DC-10 - pouring thousands of gallons of fire retardant on blazing hillsides. Only heroic work by firefighters saved the historic Mt. Wilson Observatory located 5,700 feet above Pasadena. (See pictures of this year's wildfires...

Author: /time Magazine | Title: Can Budget-Strapped California Afford More Wildfires? | 9/7/2009 | See Source »

...marginal effect on the long-term prospects of the auto industry. Subsidies don't so much increase demand as kidnap it, inspire people to take the money they were saving for a new fridge and apply it to a pickup instead. As for the environmental benefit, the new fleet will save about 160 million gal. of gasoline a year--which sounds awfully good, except that we use 378 million...

Author: /time Magazine | Title: Cash for Clunkers: The Bribery Stimulus | 8/27/2009 | See Source »

...Current Fleet...

Author: /time Magazine | Title: Spotlight: Congressional Aircraft | 8/24/2009 | See Source »

...spending proposal that never got off the ground. Almost as quickly as the U.S. House of Representatives could add $330 million to the budget to bolster the government's luxury-jet fleet, public outcry prompted House leaders to strip the four proposed new aircraft from next year's defense-spending bill...

Author: /time Magazine | Title: Spotlight: Congressional Aircraft | 8/24/2009 | See Source »

...military abroad to defend Russian citizens and armed forces from attack - precisely the reason given by Moscow for its intervention last year. This raises concerns about the Kremlin's designs on Ukraine's Crimean peninsula, which has a large ethnic Russian population and is home to the Black Sea Fleet. (Read: "A Year After War, South Ossetia More Dependent on Russia...

Author: /time Magazine | Title: Russia's Moves Raise Doubts About Obama's 'Reset' | 8/23/2009 | See Source »

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