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...sting has lingered. Collectively, we've spent $28.2 billion more on natural gas and electricity in the first quarter of this year than in the same period last year, money we could have used to buy other things that keep an economy going. But as more companies bring fuel supplies and power plants online, the worst of this year's rapid price hikes may be behind us-California excluded...

Author: /time Magazine | Title: Gassing Up | 6/15/2001 | See Source »

...Both panelists agree that the future of nuclear power-an Administration favorite that now provides 20% of generating capacity-will remain iffy at best until the U.S. can decide how to dispose of high-level radioactive waste. Plans to bury spent fuel in the Yucca Mountain, Nev., have looked even more uncertain since the Democrats gained control of the Senate this month...

Author: /time Magazine | Title: Gassing Up | 6/15/2001 | See Source »

...chairman in 1999, the company has stayed ahead of the luxury pack. Although most of its 21 factories are in Europe, BMW built a new plant in Spartanburg, S.C., which now exports the company's popular X5 SUV to 100 countries. Aiming to develop technologies such as alternative-fuel engines and drive-by-wire (an electronic, joystick-controlled steering system), Milberg forged partnerships with Robert Bosch and Delphi Automotive. Karl Ludwigsen, an auto analyst in London, contends that a carmaker need not be huge to survive. Rather, he says, "you've got to be big in the segments in which...

Author: /time Magazine | Title: Global Strategy: Mercedes vs. BMW | 6/11/2001 | See Source »

...Ethnic minorities make up only 6% of the population, but immigrants have more than doubled from the annual 90,000 during the early 1990s. The suffocation of 58 Chinese being smuggled across the English Channel in a refrigerator truck last year added fuel to a debate about who should be entitled to enter and remain in the country. Is Britain a "soft touch"? Does it need more foreign workers, or fewer? There is no consensus. William Hague has made the temporary detention of asylum seekers a central plank of his campaign, responding to anxieties in some towns where asylum seekers...

Author: /time Magazine | Title: The Importance of Being British | 6/11/2001 | See Source »

...Inspector Rodolfo Amurao. The raiders were heading for the resort kitchen when they were called back by their leader. "Enough, enough, we have to go," he shouted, according to Cervantes, who watched them leave. Things only got worse on the return. The rebels discovered they didn't have enough fuel and had to beach their precious speedboat on the island of Cagayan and commandeer a sluggish fishing boat for the remaining...

Author: /time Magazine | Title: Crossfire | 6/11/2001 | See Source »

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