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...Then there was the West Kowloon Cultural District, a $5 billion greenfield project to build a residential, commercial and cultural complex on 40 hectares of prime harborfront owned by the government. In a city where land is worth its width in gold, the scheme, launched by Tung, ran into legislative gridlock amid concerns of a sweetheart deal for the developer that would be chosen. Critics also questioned the government's wisdom-and expertise-in creating a costly arts hub without first gauging the level of public interest in it. Today, West Kowloon, possibly some of the most valuable real estate...

Author: /time Magazine | Title: Five More Years | 3/15/2007 | See Source »

...administration also lobbied hard to introduce a tax on goods and services, arguing that it needed to diversify its revenue base in case a major source of income, like government land sales, took a hit. But the proposal was roundly opposed by almost every segment of society. Retailers reckoned it would hurt their businesses. Economists believed it would unnecessarily complicate a straightforward tax regimen and deter foreign investors. And ordinary folk felt it would unduly burden low- and middle-income consumers. The government's gambit turned into an embarrassment when Financial Secretary Henry Tang, the moving force behind...

Author: /time Magazine | Title: Five More Years | 3/15/2007 | See Source »

...modified material, and organic crops are required to be isolated from other crops. But as GM crops become more prevalent, there is little that an organic farmer can do to prevent a speck of GM pollen or a stray GM seed from being blown by the wind onto his land or farm equipment and, eventually, into his products. In 2006, GM crops accounted for 61% of all the corn planted in the U.S. and 89% of all the soybeans. "I feared that there weren't enough safeguards," Straus says...

Author: /time Magazine | Title: When Organic Isn't Really Organic | 3/14/2007 | See Source »

...Sharp’s vision sounds like an environut’s wet dream; in the meantime, Harvard has a more realistic (but still ambitious) game plan. Under the current proposal, thirty acres of open space will be constructed on asphalt-covered land, and planners will strive for lower energy consumption and carbon dioxide emission. Furthermore, Allston streets will be bolstered with bike lanes and pedestrian walkways...

Author: By Jessica L. Fleischer, CONTRIBUTING WRITER | Title: Building a Green Future | 3/14/2007 | See Source »

...Even if these theories probably won’t come true, they’re good to keep in mind. Next, they might be coming for us: what do you do with a creature that’s adapted to a world with a lot of dry land...

Author: By Diane J. Choi, CONTRIBUTING WRITER | Title: Predicting the Planet's Fate | 3/14/2007 | See Source »

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