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...what should greens do to avoid irrelevance, now that Hank Paulson is replacing Al Gore as the nation's chief scold? First, tie environmental rescue to economic recovery, by "greening the bailout," as columnist Tom Friedman of the New York Times has put it. As the new Administration - whether Democratic or Republican - searches for ways to stimulate the economy, green infrastructure spending could be the way to go. More money for high-speed rail, tax credits for new solar systems, increased federal funding for renewable energy - these are policies that might not only help stimulate a flagging economy, but directly...

Author: /time Magazine | Title: Will the Environment Lose Out to the Economy? | 10/7/2008 | See Source »

...first real attempt to pass federal cap-and-trade legislation - thanks in part to fears raised by Republicans that a carbon cap would further increase energy prices. "America's growing dependence on fossil fuels, once viewed as a Democratic trump card...has become a lodestone instead," wrote the green pollsters Michael Shellenberger and Ted Nordhaus in a recent piece for the Los Angeles Times. The ensuring financial meltdown hasn't helped. Since the climate bill was defeated on June 6, the Dow industrial average has lost some 2,000 points. "I think the financial crisis will strengthen the hand...

Author: /time Magazine | Title: Will the Environment Lose Out to the Economy? | 10/7/2008 | See Source »

...good news is that Congress has already added a tinge of green to the bailout. The bill, which passed the House of Representatives on Oct. 3 and should be signed soon by President George W. Bush, includes a long-awaited extension of tax credits for the clean energy sector, which had been due to expire at the end of the year. But if this really is the Great Depression 2.0 and we all end up on the street selling apples and iPods, well, at least our carbon emissions will fall...

Author: /time Magazine | Title: Will the Environment Lose Out to the Economy? | 10/7/2008 | See Source »

...Easy Being Green I read your recent article about General Motors' Chevrolet Volt with disbelief [Sept. 29]. There was no acknowledgment that four companies - Aptera, Miles Electric Vehicles, Tesla and Think - plan on bringing fully electric vehicles to the U.S. marketplace before GM does. Alexander Fox, CHARLESTON...

Author: /time Magazine | Title: Recession Redux | 10/7/2008 | See Source »

...with no surge. This time, Hollywood Heights, her West End island neighborhood just two blocks off the beach was quickly put under water by Ike. A moldy black water line high on the yellow siding shows where the water had crested, perhaps as high as 15 feet. The green storm shutters had held, but had been blown open and the water flooded into the home. The back bedroom's wooden floor had collapsed. Somewhere in the hole she hopes to find her husband's treasured sextant from his seafaring days...

Author: /time Magazine | Title: In Storm-Ravaged Galveston, Echoes of New Orleans | 10/6/2008 | See Source »

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