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Russia's strategic goals within this region also remain an enigma and a worry. Its resurgent economy could help fuel growth in the area, but a recent trend toward economic protectionism is a potential threat. Several years ago, for example, Moscow tripled export taxes on goods traveling to Latvia in order to help its own ports, a measure that has pumped up St. Petersburg but slowed growth in rivals like Riga. And despite all the hype about free trade, the Baltic Sea region is still not capitalizing on its full potential: an economic study by the Swedish Board of Trade...

Author: /time Magazine | Title: Sea of Plenty | 5/31/2007 | See Source »

...tougher is the one perplexing area in which the fight against global warming conflicts with the U.S.'s goal of greater energy independence: coal. "The U.S. is the Saudi Arabia of coal," Dingell recently declared. We have seemingly endless tons of the stuff, which can be converted into liquid fuel for cars. Coal boosters are pushing legislation through Congress to subsidize the use of coal instead of oil. The only problem: coal is the dirtiest source of greenhouse gases. Representative Rick Boucher, from Virginia's mining country, chairs the subcommittee on energy, but coal's influence goes further than that...

Author: /time Magazine | Title: An Auto Insider Takes on Climate Change | 5/31/2007 | See Source »

After months of negotiation, India and the U.S. may finally be close to a deal on nuclear technology. Close, but not quite there, yet. The purpose of the agreement is to legitimize India's status as a nuclear power, enabling it to buy nuclear fuel and technology from abroad despite having refused to sign the Non-Proliferation Treaty (NPT) and having twice tested nuclear weapons. Undersecretary of State Nicholas Burns told a gathering in Washington on Wednesday, "We have made enormous progress... We are 90% there...

Author: /time Magazine | Title: What's Holding Up a U.S.-India Nuclear Deal? | 5/29/2007 | See Source »

...Agreeing on the final 10%, though, is proving difficult. That's because India insists on its right to reprocess spent fuel and demands access to reprocessing technology. Reprocessing, however, yields plutonium, which can be used both to fuel reactors and for making bombs. Under its "Separation Plan," India says fuel purchased abroad for civilian purposes will not be diverted for military uses, but some in the U.S. fear that accepting India's demand for reprocessing rights and technology will increase its strategic nuclear capabilities...

Author: /time Magazine | Title: What's Holding Up a U.S.-India Nuclear Deal? | 5/29/2007 | See Source »

...Also, while India has declared a unilateral moratorium on further testing, Delhi wants to reserve the right to conduct further weapons tests should it choose to, and it wants the U.S. to guarantee that its nuclear fuel supplies from American companies are not conditional on India's refraining from testing. But U.S. negotiators want Delhi to agree to a test ban, and to make the fuel supply conditional on adhering to that...

Author: /time Magazine | Title: What's Holding Up a U.S.-India Nuclear Deal? | 5/29/2007 | See Source »

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