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...fossil fuel subsidies over time, to help improve energy efficiency and "transition to a 21st-century clean energy economy." Phasing out subsidies for fossil fuels would save money - the Environmental Law Institute estimated that the U.S. paid out $72 billion in subsidies between 2002 and 2008 - and correct a market that has been warped against low-carbon alternatives precisely at a time when nations are supposed to be cutting carbon. But again, specifics of a concrete plan were wanting in Obama's speech. There was no mention of a timetable, and the proposal itself has little to do with...

Author: /time Magazine | Title: G20 Leaders Agree, Broadly, on Climate Change | 9/26/2009 | See Source »

...They outlined a new "core" Europe in which France and Germany would make up the inner "core of the core." The French never formally replied to that proposal. That was "a mistake," says Jean-Pierre Jouyet, the former French Minister for European Affairs who now heads the national stock-market regulatory agency...

Author: /time Magazine | Title: Can France and Germany Fall in Love Again? | 9/26/2009 | See Source »

...ISRO now wants to land a craft on the moon by 2013 and has reaffirmed its commitment to sending a mission to Mars by 2015. ISRO wants to garner a larger share of the increasingly competitive commercial satellite launch market. On Thursday, it launched six European and Turkish satellites from its Polar Satellite Launch Vehicle. "[The] returns, in terms of the science, the technology, inspiration, stature, prospects for international cooperation... are immense," K. Kasturirangan, former ISRO chairman who conceived Chandrayaan-I, told TIME before the launch. It doesn't hurt that the country's celebrating...

Author: /time Magazine | Title: Water on the Moon Buoys India's Space Program | 9/26/2009 | See Source »

...Delta Air Lines and JAL's current partner American Airlines, which are looking to expand routes within the Asian market, have recently held talks regarding potential investment in JAL. A deal could be announced within weeks, but whatever it is, it will only be a partial solution. "The problem is that [JAL] is too big to sell and there's no one to buy," Hosoya says...

Author: /time Magazine | Title: Japan Airlines Needs GM-Style Bailout | 9/25/2009 | See Source »

...countries, unemployment rates in Iran are actually decreasing. Having said that, the crisis is global, but we don't have any real serious problems with the economy, and the government's economic policies are policies that we plan to pursue in a very serious manner. Last year our stock market was one of the most successful, and in other sectors as well, if you take a look in investments, oil and energy sector, as well as the service sector, we were quite successful. Economic issues have never contributed to instability in Iran and never will. The minister of economy...

Author: /time Magazine | Title: TIME's Interview with Iranian President Mahmoud Ahmadinejad | 9/25/2009 | See Source »

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