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...when current Prime Minister Manmohan Singh stared down a camera to deliver a message earlier this month, there was no doubting the gravity of the situation. India was losing a battle of sorts: due to soaring oil prices, Singh told viewers, New Delhi was forced to roll back generous fuel subsidies, meaning everyone was going to start paying more - possibly much more - to cook their food and drive their vehicles. "There are limits to which we can keep consumer prices unaffected by rising import prices," Singh said, warning that without the change India could run out of funds to import...

Author: /time Magazine | Title: Asia Hits an Oil Slick | 6/12/2008 | See Source »

Walton's investment has paid off handsomely. Since it began commercial production of thin-film modules in 2002 (much of the output has been sold to small-scale solar farms in Germany, where generous subsidies have primed the market), the company has done nothing but grow. With factories in Arizona and Germany and another being built in Malaysia, First Solar should be producing 1 gigawatt of solar power yearly by the end of 2009. "They've fully overcome the technological barrier with large production and low defects," says Rhone Resch, president of the Solar Energy Industries Association. "Their plants...

Author: /time Magazine | Title: Solar Power's New Style | 6/12/2008 | See Source »

...Chief Justice Roberts criticized the majority for ruling unconstitutional "the most generous set of procedural protections ever afforded aliens detained by this country as enemy combatants." That, he continued, would open the majority to charges of "judicial activism...

Author: /time Magazine | Title: What the Gitmo Ruling Means | 6/12/2008 | See Source »

...argue that the nuclear industry can't compete on the free market on its own terms - or even without the billions in subsidies it already receives. But renewables also receive their share of government largesse - the booming global solar industry wouldn't be anywhere near as hot without a generous German tariff. New research and development might cut atomic costs, just as we hope will happen for alternatives. And the sheer size of the problem facing the global energy industry demands that no solution can be dismissed out of hand. On June 6 the International Energy Agency released a study...

Author: /time Magazine | Title: Is Nuclear Power Viable? | 6/6/2008 | See Source »

...Government agricultural policies have always been tailored to the times. Many wealthier countries - notably the U.S. and members of the European Union - have for years propped up their agricultural industries with generous subsidies and trade barriers; this has skewed the real price of food on international markets and stunted farming in poorer countries. With food relatively abundant, Western countries over time also reduced the amount of assistance going to poor countries to improve farming practices and build agricultural infrastructure such as irrigation systems and dams. Global assistance for agricultural development plummeted from about 18.7% of total foreign assistance...

Author: /time Magazine | Title: Food Prices: Hunger Strikes | 6/5/2008 | See Source »

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