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...regulation opponent to champion, and the third largest cigarette manufacturer, Lorillard, has labeled the legislation the Marlboro Monopoly Act. Both argue that as the new restrictions cut off most remaining avenues available for advertising and ban marketing stunts like free-sample cigarette giveaways, the companies' ability to "communicate" (i.e., gain market share) with potential and existing smokers about their products will be blocked. In addition, the administrative costs of complying with FDA regulations favor large manufacturers over smaller ones...

Author: /time Magazine | Title: Why a Tobacco Giant Backs a Tough New Antismoking Bill | 6/12/2009 | See Source »

...Despite the dominance of hybrids, smaller automakers including start-ups like Tesla Motors in the U.S. and several Chinese car companies see EVs as a chance to gain ground on larger rivals, especially in an era of high fuel prices and a more environmentally conscious public. Fuji Heavy Industries, the maker of Subaru, announced on June 4 its rollout plans for its Stella EV, which has a sticker price of $48,000 and a range of 90 km. The company will begin delivering the vehicles around the same time as Mitsubishi (late July) and expects to produce about 170 units...

Author: /time Magazine | Title: In Japan, Testing the Market for All-Electric Cars | 6/9/2009 | See Source »

...military concedes that fancy technology is no substitute for human intelligence-gathering. In one instance, as another U.S. officer explains, a tower camera relayed live footage of what appeared to be an IED team busy at work after midnight. Approval was quickly secured for a drone strike. Then, to gain a fuller picture, the camera zoomed out to reveal a brickmaking factory just a few feet away. It was the Islamic fasting holiday of Ramadan, and the energy-depleted laborers were working late to avoid...

Author: /time Magazine | Title: Roadside Bombs: An Iraqi Tactic on the Upsurge in Afghanistan | 6/9/2009 | See Source »

...m.p.h. (about 115 kph), Cyclone Aila tore through parts of coastal Bangladesh and eastern India on May 26, killing roughly 200 people and forcing 500,000 to seek refuge in shelters and on rooftops to escape rising floodwaters. The death toll is expected to increase as rescue workers gain access to more isolated areas. Low-lying Bangladesh is regularly gutted by cyclones in the spring and fall, which precede and follow its monsoon season. Aila also hit Sundarbans, a mangrove forest on the India-Bangladesh border that shelters endangered royal Bengal tigers--some of which have also been stranded...

Author: /time Magazine | Title: The World | 6/8/2009 | See Source »

Xiong Weiping, the chief executive officer of China's largest aluminum company, Chinalco, spent the better part of the last four months doing something no other CEO of a state-owned Chinese company had ever done. He campaigned - in an open, very western way - to gain approval in Australia for what would have been China's largest foreign investment ever: a proposed $19.5 billion stake in Rio Tinto, the world's second largest mining company. The deal would have given Chinalco roughly an 18% stake in Rio, as well as outright control of some valuable copper and iron ore mines...

Author: /time Magazine | Title: Another Deal Blown, Where Will China Invest Now? | 6/7/2009 | See Source »

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