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Indeed, iBeer's creator, Sheraton, said he's seen it all before, on the old Palm Pilot platform. His first app was E-spresso, in 1999, which created a virtual cup of espresso on the Palm, the first great PDA. "Having lived through the Palm apps market, I was able to predict what would happen here as well," he said. "There are way too many apps, and the prices will drop through the bottom...

Author: /time Magazine | Title: What Makes a Best-Selling iPhone App? | 12/4/2008 | See Source »

They didn't, and their tenacity is paying off. Krafla recently became the site of a pilot project to drill extremely deep boreholes (classified as three miles or more), a frontier technology that could yield five to 10 times more energy per borehole than any similar project in the world. Landsvirkjun, the state utility that owns Krafla, has also been in talks to supply power to an aluminum smelter that Alcoa plans to build nearby. The financial downturn has put that project on hold for now, but Alcoa, which already has one smelter in Iceland, still sees the country...

Author: /time Magazine | Title: Energy: Boiling Point | 12/4/2008 | See Source »

...deforestation - also known by the acronym REDD, for Reduced Emissions from Deforestation and Degradation. With timber and biofuel plantations so valuable, that means "rain forests are worth more dead than alive," says Andrew Mitchell, director of the Global Canopy Programme, an alliance of forestry institutions. But a handful of pilot projects, like the one in Noel Kempff and others in nations such as Belize, Indonesia and Madagascar, are proving the logic of paying to keep forests standing. Supporters are confident that when the world meets for the annual U.N. summit on climate change in Poznan, Poland, this month, avoided deforestation...

Author: /time Magazine | Title: Green Banks: Paying Countries to Keep their Trees | 12/4/2008 | See Source »

...only for economic empowerment and empowerment reasons, but also because of the multiplier effect on economies and communities, since women reinvest their profits back into their communities at greater rates than men. One of the products we're developing that I'm most excited about is a pilot program for savings targeting young women and adolescent girls that we're working on with the Nike Foundation. Regional expansion is also a priority for us, and we're pursuing expansion strategies in Africa - where some astounding progress has already been made and the prospects for accelerated growth are promising...

Author: /time Magazine | Title: Microfinance Still Hums, Despite Global Financial Crisis | 12/3/2008 | See Source »

...time; it's avoiding the crummy, overpriced airport food, the packed planes, the overstuffed overhead bins and the frazzled, overworked crews. And being No. 175 for takeoff. When you fly corporate, you are driven up to the plane, you get in, and when everyone is ready, they tell the pilot to go. And then you do. That is real, unadulterated luxury...

Author: /time Magazine | Title: Why the Big Three Should Fly Corporate Jets | 12/3/2008 | See Source »

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