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...renewable credits do expire (Congress, jammed in a partisan gridlock, refuses to renew them), they'll save taxpayers a little money - maybe $1 billion, or less than half a week of the Iraq war. But the cost to the economy - not to mention the fight against climate change - will be far greater. Navigant Consulting, an international firm that studies the energy industry, estimates that the expiration of the renewable tax credit would result in approximately $19 billion in lost investment, and 119,000 lost job opportunities in the U.S. That's because renewables, while getting cheaper all the time, still...

Author: /time Magazine | Title: The Global Credit Crisis | 7/20/2008 | See Source »

...Given that our unofficial national motto is "Too much sport is not enough," I am surprised that Australia and its games did not get much mention in your "Games People Play" issue. Polocrosse, a wild fusion of lacrosse and polo, has horses fitter than polo ponies and far more bruising action than polo does. Australian Rules, a cross between rugby league and Gaelic football, requires the utmost fitness, as there are virtually no stoppages and minimal reserves of replacement players. As for equestrian competition, when the Australian team won the three-day event over the killer course...

Author: /time Magazine | Title: Inbox | 7/17/2008 | See Source »

...them. Dr. Death has little to commend him to voters except not being a career politician, but in this season that might count for something. The 260 laws passed by the 110th Congress represent a 30-year low, and they include the naming of 74 post offices, not to mention the nonbinding resolutions designating July National Watermelon Month and recognizing dirt as an essential natural resource. Approval of Congress has sunk to a record low: 9% of people in a Rasmussen poll think lawmakers are doing a good or excellent job. The happiest news in this for the Democrats running...

Author: /time Magazine | Title: Throw the Bums Out! | 7/17/2008 | See Source »

...Loyrette after her predecessor retired. But then she'll start to talk about the $3.7 million Austrian bust that the Louvre was able to buy in New York for her department, and the ambitious exhibition of French bronzes she'll be putting on later this year. Not to mention the restoration budget, which is "incomparably bigger than it was a decade...

Author: /time Magazine | Title: Le Louvre Inc. | 7/16/2008 | See Source »

...guess I had forgotten. Portland’s a haven for hippies and hipsters—not to mention lumberjacks—which helps explain the local popularity and prevalence of the beard. In the past year, facial hair has even played a minor role in mayoral politics...

Author: By Jake G. Cohen | Title: Of Beards and Beers | 7/16/2008 | See Source »

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