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...some of his recent comments, but for now his fellow Yale graduate Kerry has done enough. The notion that in such a polarized, anything-goes political climate any legislation would be a “100 percent” guarantee seems grandiose.Specify the legislation is on climate-related fuel emissions? To put it mildly, that will not improve the bill’s odds...

Author: By Alexander R. Konrad | Title: Into Thin Air | 12/18/2009 | See Source »

...wonder. Industrial action could have cost Europe's third biggest airline as much as $50 million each day had the strike gone ahead as planned on Dec. 22. That's cash - and cachet - the struggling carrier can ill-afford to lose. Tumbling first-class passenger numbers and a ballooning fuel bill left the airline with a $656 million pretax loss in the 12 months ending March 31. It lost plenty more in the first half of this year too. The airline's $6 billion pension deficit, meanwhile, is among the biggest...

Author: /time Magazine | Title: Brits Get Some Holiday Cheer: No British Air Strike | 12/17/2009 | See Source »

...using its leverage to strengthen Iranian influence over Iraq's government. Iran sells about 350 million watts of electricity a day to Iraq. "Iraqis see Iran expanding its influence to the degree that they can then call the shots politically, because of Iraq's dependence on Iran for fuel and electricity," said Petraeus...

Author: /time Magazine | Title: Rattled by Iran, Arab Regimes Draw Closer | 12/15/2009 | See Source »

...fishing village when its current rulers, the Maktoum family, took over in 1883. Along with those of other Arab emirates, its fortunes changed abruptly in 1966 with the discovery of oil. But compared with its neighbors, Dubai had limited reserves, prompting its rulers to turn to other industries to fuel their bold economic aspirations. Starting in the 1980s, at the prompting of Sheik Mohammed bin Rashid al-Maktoum, then the crown prince, Dubai fashioned itself into a free-trade oasis. It opened a tax-free infotech hub, Dubai Internet City, in 2000, to attract technology companies; media, finance and maritime...

Author: /time Magazine | Title: Brief History: Dubai | 12/14/2009 | See Source »

Another Obama initiative is to reduce greenhouse-gas emissions by 80 percent by the year 2050. He plans to do this by investing heavily in the development of alternative fuel resources. While many speculate that this is an unattainable goal, no one can argue that we need to take better care of our planet. Go “green” this year and give presents that give back to the environment. Help cut down on fuel consumption by forgoing plastic water bottles—it takes 1.5 billion barrels of oil per year to meet America?...

Author: By Meredith C. Baker | Title: Make Like a Democrat | 12/14/2009 | See Source »

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