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Google wants new friends. After signing a series of new partners, CEO Eric Schmidt says the Web giant's spate of recent deals is just a start. Schmidt talked to TIME about changing the company's philosophy and planning its next steps...
...Peabody's famous Mine No. 10, a massive seam running beneath Illinois. Today, old enough to have a teenage son of his own, he still mines coal, but for a different boss. He is spearheading the largest expansion of coal-fired electric plants in Texas history for energy giant TXU. "With 6 million people pouring into Texas over the next decade, this state needs about two of these big power plants a year just to keep up with demand," reckons McCall, as he lays out plans to spend about $10 billion by 2011 for 11 of them--every single...
...Brown, built in the early 1970s in the rolling hills of east Texas, the sky is a pristine blue above two big smokestacks. That's illusory, since the plant pumps out a steady stream of can't-see-'em pollutants like nitrogen oxide, sulfur dioxide and mercury. Inside, giant HEPA filters (which look just like a nest of vacuum bags) grab most of the solids from the coal fire. You wouldn't want to eat off the floor, but the place is clean. Even the open-pit-mining operation nearby--which has scoured 15,000 acres of Texas for lignite...
SENTENCED. Andrew Fastow, 44, former chief financial officer of Enron; to six years in jail for his role in inflating profit figures, hiding billions of dollars in debt and enriching himself before the energy giant's 2001 collapse; in Houston. Fastow was set to serve up to 10 years after he had pleaded guilty in 2004, but Judge Kenneth Hoyt attributed the lenient sentence to his family's suffering and his cooperation in the prosecution of ex-CEO Kenneth...
SENTENCED. Andrew Fastow, 44, former chief financial officer of Enron; to six years in jail; for his role in inflating profits, hiding billions of dollars in debt and enriching himself before the energy giant's 2001 collapse; in Houston. Explaining the lenient sentence--Fastow had agreed to serve up to 10 years when he pleaded guilty in 2004--Judge Kenneth Hoyt said Fastow's family had suffered enough, and cited his cooperation in the prosecution of ex-CEO Kenneth Lay. "Prosecution is necessary," Hoyt said, "but persecution...