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...general assumption about job creation under the program is that it will add 3 to 4 million jobs. But in the introduction to the bill the assumptions about job loss are laid out quite clearly: "Credit is frozen, consumer purchasing power is in decline, in the last four months the country has lost 2 million jobs and we are expected to lose another 3 to 5 million in the next year...

Author: /time Magazine | Title: A Guide to Reading the America Recovery and Reinvestment Bill | 1/22/2009 | See Source »

...guarantees that utility companies will buy renewably generated power at above market rates. But further growth could stall. Corn ethanol in the U.S. - which many environmentalists believe doesn't deserve the term "renewable" - has cratered, also hurt by rapidly falling gas prices. Most of all, however, clean tech businesses generally lack the political weight to jostle for the bailout funds won by older and bigger industries like the automobile manufacturers. "It's just tough for them to be heard," says Steve Sawyer, the director general of the Global Wind Energy Council...

Author: /time Magazine | Title: Will Green Enterprises Survive the Economic Crisis? | 1/22/2009 | See Source »

...despite short-term forecasts that could leave their balance sheets a sea of red, the general mood in Abu Dhabi was as sunny as the weather. That's because in the long term, developers of renewables know they'll win. Climate change aside, the simple fact that energy demand will continue growing rapidly once the downturn has ended means that new supplies will be needed. And no one - including oil giants of the Middle East - believe that fossil fuels alone will meet that gap. "This is absolutely going to scale big," says Frank Mastiaux, the CEO of the E.ON...

Author: /time Magazine | Title: Will Green Enterprises Survive the Economic Crisis? | 1/22/2009 | See Source »

Ballet enthusasists track the passage of time in terms of a ballet company’s spring season, winter season, and “The Nutcracker.” For those folks who instead rely on a calendar, the general consensus is that the opening night of “The Nutcracker” is the official beginning of the string of ensuing holidays. It is a time capsule of magic, warmth, and joy—for adults, a foray into childhood and innocent dreams; for children, an escape into an extraordinary land in which one can be transported...

Author: By Erica A. Sheftman, CONTRIBUTING WRITER | Title: A Classic Holiday Ballet | 1/22/2009 | See Source »

...President Obama wants a Cabinet-level committee to lead the reviews. A report by the Center for Strategic & International Studies (CSIS) recommends that the new President appoint a "panel of eminent Americans" to sort through the cases. Some human rights groups have suggested that the new Attorney General do the sorting...

Author: /time Magazine | Title: Obama Orders Gitmo Closed. Now the Hard Part | 1/22/2009 | See Source »

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