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...employees, including 11 who no longer work there, New York Attorney General Andrew Cuomo questioned the validity of the contracts that guaranteed those payouts. He said the agreements were made in March 2008 to duplicate employees' 2007 bonuses "despite obvious signs that 2008 performance would be disastrous." (To further fuel the outrage, Cuomo added that the top individual AIG bonus was more than $6.4 million, while the top 10 collected a total of $42 million...

Author: /time Magazine | Title: The AIG Bonuses: Getting Mad and Getting Even | 3/18/2009 | See Source »

Harvard University Operations Services, the office that manages Harvard’s utilities, also runs the Blackstone Steam Plant, which decreases energy consumption by providing high-pressure steam to around 200 buildings for space and water heating. This provides Harvard with increased fuel efficiency and reduced greenhouse gas emissions, Smith said...

Author: By Emma M. Benintende, CONTRIBUTING WRITER | Title: EPA Tags University's Energy Use As Green | 3/17/2009 | See Source »

...loop, investors buy the bonds, and investment banks pass most of that money, minus a fee, back to the lenders. The lenders can then use that money to make new loans. The process is called securitization, and for much of the past few decades it has worked wonders to fuel our ever growing consumer economy...

Author: /time Magazine | Title: Doubts Raised About Government Plan to Boost Consumer Lending | 3/13/2009 | See Source »

...Although Burma sits on some of the region's richest oil and natural-gas reserves, much of the country lacks electricity. That's because most of its potential fuel is exported to neighboring countries through lucrative contracts that benefit the ruling generals instead of being used at home. The Burmese regime's stated solution to the longrunning national blackout? Jatropha. Also known as "physic nut," the plant produces a green nut that is pressed and processed into a biofuel catching on in entrepreneurial green pockets of the world from Florida to Brazil to India, which has already earmarked 100 million...

Author: /time Magazine | Title: Biofuel Gone Bad: Burma's Atrophying Jatropha | 3/13/2009 | See Source »

...what began as a peaceful, almost playful demonstration got nasty very fast. First, some protesters commandeered four tractor trailers, including a tanker filled with fuel, and blocked traffic along a Nairobi highway. Three police officers who tried to talk to the students retreated under a hail of stones. Some of the protesters were clearly spoiling for a fight, chanting, "Tear gas, tear gas, we demand tear gas!" As the protest wore on, people working downtown locked themselves behind security gates in stores and restaurants and peered anxiously through the grilles...

Author: /time Magazine | Title: Kenya: Protesting Politics As Usual | 3/12/2009 | See Source »

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