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Interest in cash alternatives has skyrocketed in recent months BerkShares.org logged nearly 42,000 hits a day in April) as the recession has encouraged more innovation. For example, a Vermont business association is getting ready to launch a statewide cashless trading network. Ithaca, N.Y., which has the nation's longest-running independent currency, agreed in June to let people start using the 18-year-old bills to buy transit passes...

Author: /time Magazine | Title: Tough Times Lead to Local Currencies | 7/13/2009 | See Source »

Beyond spurring local trade, alternative currencies build awareness about the effect of consumers' choices. "It has started a conversation: Why local currency? Why buy local?" says Oliver Dudok van Heel, who last fall helped launch the Lewes pound to help a British town become more self-sustainable...

Author: /time Magazine | Title: Tough Times Lead to Local Currencies | 7/13/2009 | See Source »

...wink to an Israeli air strike. The Vice President had said that while the U.S. believes that military action against Iran would serve neither American nor Israeli interests, Israel is a sovereign nation, and if it felt threatened by Iran, it would be "entitled to" launch an attack on the Islamic Republic "whether we agree or not." President Obama reiterated in Moscow on Monday that he opposes military action against Iran and instead wants a diplomatic solution to the nuclear standoff. But Prime Minister Benjamin Netanyahu has long maintained that Israel reserves the right to take matters into...

Author: /time Magazine | Title: Oil Shocks: Biden, Iran and Fears of Another Price Jump | 7/7/2009 | See Source »

...website, which is currently undergoing an early launch, will analyze your household utility bills for a year. (You need at least 12 months of data, to set a reliable baseline for your carbon emissions before you try to reduce them.) Using that data, the site can establish a very rough carbon footprint for your household - the U.S. average is approximately 30 tons of CO2 per year per family. If you can then reduce your emissions, whether by simply using less electricity or by installing energy-efficient technology, like better boilers and compact fluorescent lightbulbs, the site will calculate how much...

Author: /time Magazine | Title: Getting Your Slice of the Cap-and-Trade Pie | 7/7/2009 | See Source »

...Madrid commuter-train bombings that killed 191 people. "The attacks took place before the elections, with the aim of influencing the outcome of the vote, so that Spain would pull its troops out of Iraq," he says. And Spain eventually did. "For al-Qaeda, it would be ideal to launch a terrorist attack in Germany before the election in September, to provoke a public debate about the German mission in Afghanistan." (See pictures of Osama bin Laden...

Author: /time Magazine | Title: Germany Ups Terrorism Alert Before Election | 7/6/2009 | See Source »

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