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...Speaking from the White House, the President on Monday announced that he was directing the Environmental Protection Agency (EPA) to reconsider an application by California and 13 other states to set stricter limits on greenhouse-gas emissions from cars and trucks, opening the way for tighter fuel efficiency standards nationwide. Obama is also directing the Department of Transportation to issue guidelines that will ensure the U.S. auto fleet reaches an average fuel economy of 35 miles per gallon (m.p.g.) by 2020 at the latest. Together the directives - the first official memorandums issued by the new President - signal Obama's willingness...

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

With the cease-fire between Israel and Hamas militants on the verge of collapse, the most dangerous job in Gaza - digging tunnels into Egypt - just got a lot more dangerous. Destroying the tunnels that allowed the import of both vital food and fuel supplies denied Gazans by the Israeli blockade - but that also enabled the ferrying of weapons to Hamas - was a key objective of Israel's 22-day military operation, and its aircraft and artillery pounded the sandy patch of land along the Egyptian border in the hope of collapsing them. But as soon as the truce was declared...

Author: /time Magazine | Title: As Truce Teeters, Gaza's Tunnelers Dig Undeterred | 1/25/2009 | See Source »

Companies, even really big ones with hundreds of thousands of employees, can only fire so many people. At some point the core functions like accounting and marketing need enough personnel to keep operations running. The layoff machine runs out of fuel...

Author: /time Magazine | Title: Pfizer and Wyeth: A Merger as a Way to Fire People | 1/23/2009 | See Source »

...Lorenzo Locklair Parsons and the former Isabelle Judd; he was one of five children. Parsons was raised in South Ozone Park, Queens, where he watched Fourth of July fireworks provided by the Gotti crime family and once nearly blew up a friend's house trying to make rocket fuel on the stove. His mother still lives in Queens, and he regularly escorts her to lunch...

Author: /time Magazine | Title: Citigroup Chairman Richard Parsons | 1/21/2009 | See Source »

...Indeed, despite India's economic slowdown, even companies not flirting with bankruptcy are being pressured to avoid staff cuts. When Jet Airways, one of India's biggest airlines, tried to lay off 1,900 employees in October amid a deepening financial crunch due to high fuel prices, India's Aviation Minister called Jet Airways owner Naresh Goyal, who rescinded layoff notices within 24 hours...

Author: /time Magazine | Title: India Tries to Save Jobs After Satyam Scandal | 1/20/2009 | See Source »

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