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...accused of having carried out mass ''ethnic cleansing,'' looting and plundering the former homes of Georgians, Russians and people of other nationalities. In a belated move to support Georgia, which reluctantly joined the Russia- dominated Commonwealth of Independent States only two weeks ago, Moscow has cut off energy and fuel supplies to Abkhazia and has sealed the border with the rebel-held region. Still, Georgian officials fear that their country faces complete collapse unless the Kremlin sends Russian troops to help recapture the Black Sea region and quash the spreading rebellion in the Transcaucasian state...

Author: /time Magazine | Title: THE GRIM ESCAPE | 7/21/2008 | See Source »

...hundreds of other deals, bringing investors, manufacturers and markets together in tidy packages and taking a large cut for himself. He has been the key man in coffee processing in Thailand, desalinization in the Caribbean, steel, railroads and atomic power in South Korea, real estate in the U.S., mining, fuel oil and cooking oils, aircraft leasing, shipping, fertilizer. In spite of the toast last week in China, Rabin tried to downplay Eisenberg's sales efforts. By coincidence,CIA Director R. James Woolsey had just reported to a congressional committee in Washington that the value of Israel's military sales...

Author: /time Magazine | Title: ISRAEL'S SECRET WEAPON | 7/21/2008 | See Source »

...should be able to agree on, regardless of where they fall on the green spectrum: more renewable power would be a good thing. Greens support alternative energy, like wind or solar, because it helps de-carbonize our energy supply and reduce pollution. Skeptics support it because with rocketing fossil fuel prices - and the U.S.'s increasing dependence on oil imported from less-than-friendly regimes - renewables can offer homegrown, politically safe price relief. It's a win-win in a world that seems ever more zero...

Author: /time Magazine | Title: The Global Credit Crisis | 7/20/2008 | See Source »

...cents for every kilowatt generated over the first 10 years of a project's operation. For solar energy, tax credits can be worth up to 30% of the cost of a project. These credits are modest - especially compared to the billions of dollars in subsidies lavished on the fossil fuel industry - but they've helped renewable power explode over the last several years, with wind energy growing at 45% last year and solar just slightly less...

Author: /time Magazine | Title: The Global Credit Crisis | 7/20/2008 | See Source »

...Gore's speech was less a step-by-step plan than a sweeping call to action. His path to a decarbonized electrical supply doesn't surprise: more investment in solar and wind, keeping nuclear in the mix, maximizing energy efficiency and implanting carbon capture and storage for existing fossil fuel plants, plus a shift to electric cars. But Gore's message was subtly different this time. The man who has in the past called climate change a "moral and spiritual challenge" sounded more pragmatic notes. While sounding the alarm on melting Arctic ice and strange weather, Gore also emphasized...

Author: /time Magazine | Title: Gore's Bold, Unrealistic Plan to Save the Planet | 7/18/2008 | See Source »

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