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...Because Japan's fashion industry depends on such a juvenile clientele, designers have had to adjust to even briefer fashion cycles. One top design house in Tokyo estimates that in order to satisfy the ever fickle tastes of young Japanese patrons, domestic labels have had to double their output compared with European clothiers'. The endless search for the next new thing, dubbed shinhatsubai in Japanese, affects everything from orange juice at the convenience store, which contains less pulp in the summer months, to ever so slightly different shades of khaki cargo pants for each season. Some fashionistas sniff that...

Author: /time Magazine | Title: Street Wise | 8/4/2003 | See Source »

...economic indicators have been downright schizophrenic. "If you look at GDP and output, you see an economy that isn't doing great, but at least it's O.K., it's growing," says Mark Zandi, chief economist at economy.com "If you look at jobs, the economy stinks...

Author: /time Magazine | Title: Money: How to Invest Now | 7/28/2003 | See Source »

...ingredient in fertilizer. In June 1998 the Louisiana Ammonia Producers trade association had nine corporate members with 3,500 employees. Today it has one, CF Industries. "We've lost 2,000 employees," says Jim Harris, a spokesman for the producers, who accounted for 40% of America's ammonia output. "It's been devastating. The high natural-gas costs have been the overwhelming reason plants have closed. It's completely depressed the whole area...

Author: /time Magazine | Title: The U.S. is Running Out of Energy. | 7/21/2003 | See Source »

...into the boiling underground reserves for making energy (in fact, Tuscany remained the only industrial producer of geothermal electricity until 1958, when New Zealand opened a steam power plant), it was the first to see its underground reserves begin depleting, after registering a significant drop in steam pressure output. A closer study revealed that underground liquid reserves had fallen by 30% from the maximum levels of the 1950s. "We began reaching the boundaries and had to confront the problem of sustainability for the first time," Cappetti explains...

Author: /time Magazine | Title: Steaming Forward | 6/8/2003 | See Source »

...pools directly for such things as space heating, spas, greenhouses and fish farms. Overall, the world's geothermal capacity has doubled to about 8,000 MW in the past two decades, with facilities in 20 countries and an annual production of 50 billion kW-h of electricity. Though its output still trails hydropower production, the cost of geothermal tends to run about the same, though it can run higher depending on the discovery of resources and the size of the project. But Enel is also one of the main players in a sort of ongoing Manhattan Project for geothermal. Experts...

Author: /time Magazine | Title: Steaming Forward | 6/8/2003 | See Source »

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