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...units would be available to anyone. Media reports set the project's cost at around $400 million, a figure Pinewood doesn't dispute but won't confirm. So another possible benefit could be to recoup costs by selling properties that almost certainly won't go cheaply. Moreover, the land in question - which Pinewood owns - is located within the greenbelt, a swath of rural land that rings London where development is usually prohibited. The addition of homes in a country battling a housing shortage could also bolster its planning application. It won't hurt Pinewood's argument, either, that the expansion...

Author: /time Magazine | Title: Wanna Live on a Movie Set? | 1/29/2008 | See Source »

...very difficult to implement," Adario said. "But the problem is that while the government knows where the deforestation is taking place it doesn't know who is doing it. They don't know who owns what out there. Lots of people don't have legal papers, some of the land has been taken in land grabs and it is hard pinning down the culprits...

Author: /time Magazine | Title: The Amazon Gets Less and Less Green | 1/25/2008 | See Source »

...large part to increased commodity prices. Deforestation fell along with food prices in 2005 and 2006 and now both are on the rise. Silva, however, meets counter-arguments from within the government. The minister of Agriculture has rejected that theory and argued that the amount of land given over to soy has remained constant for four years...

Author: /time Magazine | Title: The Amazon Gets Less and Less Green | 1/25/2008 | See Source »

...project because of the potential ecological damage. Lula dismissed claims by his own environmental agency that the dams could cause serious harm to the environment and ordered a shakeup that resulted in the ousting of officials who opposed the project. The tender process went ahead last year, prompting a land grab nearby, Smeraldi said. "This is the result of the speculation boom over land that started in July 2007 when the Madeira dams were given the go ahead without even studying the impact on deforestation and land issues," he said...

Author: /time Magazine | Title: The Amazon Gets Less and Less Green | 1/25/2008 | See Source »

Judging by Leeson's experience, Société Générale's rogue trader might some day land another career. Leeson is now manager of the Galway United soccer team in Ireland, and was portrayed by Ewan McGregor in the 1999 movie Rogue Trader, the film version of his autobiography. He has written a further book entitled Back from the Brink: Coping with Stress. That sounds like perfect bedtime reading this week for Société Générale executives...

Author: /time Magazine | Title: France's $7.2 Billion Hit | 1/24/2008 | See Source »

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