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...development group wanted to ease concerns by making a car with a range significantly greater than the average daily commute of about 25 miles (40 km) in Japan's urban areas. But until charging stations become prevalent in cities, worries will remain. "Infrastructure and driving range - it's kind of a chicken and egg situation," says Kenichiro Wada, the i-MiEV team leader of Mitsubishi's Engineering Planning Team. "If the infrastructure is expanded, there's no concern. Shopping centers, restaurants, banks and convenient stores - we want to expand the infrastructure in collaboration with many partners." Currently there are just...

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

...Before the current financial crisis began in 2007, U.S. corporate profits were at their highest level ever, both in absolute terms and as a percentage of gross domestic product. It's awfully hard to imagine a return to that kind of profitability anytime soon. Welcome to the new normal...

Author: /time Magazine | Title: Economic Recovery: Will Corporate Profits Recoup? | 6/9/2009 | See Source »

...That kind of frustration has only intensified in recent days as tensions on the peninsula have escalated. In late May, Pyongyang earned global condemnation by undertaking a second nuclear test, and now Kim Jong Il may be preparing another test of a long-range missile. Seoul's response to Pyongyang's actions has been unusually tough. After the nuclear test, South Korean President Lee Myung Bak agreed to join a U.S.-led effort to crack down on the proliferation of weapons of mass destruction. North Korea called Lee's decision tantamount to a declaration of war. "Many [South Koreans...

Author: /time Magazine | Title: Why South Koreans Are Fed Up With Their Neighbor to the North | 6/8/2009 | See Source »

...North Korea, in the minds of many Americans, is often seen as a kind of crazy aunt in the attic - an entity no one pays attention to until she pops out and does something vaguely nutty. Sometimes Kim Jong Il is even portrayed as a figure of comic relief, as in South Park's Team America: World Police. Indeed, Google North Korea, and up pops up a site titled "6 Reasons North Korea Is the Funniest Evil Dictatorship Ever...

Author: /time Magazine | Title: Jailed U.S. Reporters: Business As Usual for North Korea | 6/8/2009 | See Source »

...after eight years of disappointment and frustration, it's not the money that matters to the Omagh families. As they posed in the sun for a group photograph outside the courthouse, the families refused to describe the judgment as any kind of hollow victory. "People threw doubt on whether we would ever get justice," says Edmund Gibson, a former policeman whose sister Esther was killed in the bomb attack. "What we have done today is defied the odds...

Author: /time Magazine | Title: Omagh Families Win in Court Against the Real IRA | 6/8/2009 | See Source »

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