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...expects to break ground early next year on a $1.5 billion, 900-MW plant in South Yorkshire. It's adjacent to the Hatfield Colliery, a shuttered coal mine Powerfuel is now reopening. The plant will use igcc technology, and Powerfuel - now majority-owned by Russia's Kuzbassrazrezugol - expects to pipe the carbon into North Sea?oil reservoirs, where it can help flush out additional oil reserves. Several other carbon-capture ready projects have been proposed. E.ON, for instance, wants to build an igcc plant in the north of England that's capture ready, but says it needs a government subsidy...

Author: /time Magazine | Title: Coal's Bright Future | 7/16/2006 | See Source »

...problem. Hefner, in his robe, pipe and ascot, a blond on each arm and around each leg, really looked like a playboy. Ginzburg, unfortunately, was Central Casting's idea of a pornographer: shady, you might say shifty, with a thin, sallow face and a small mustache. But he, unlike Hefner, wasn't selling himself as the face of his magazine. And Eros was so gorgeous, it made the sex appeal of its editor-publisher irrelevant...

Author: /time Magazine | Title: My Favorite Pornographer | 7/15/2006 | See Source »

...acquired the industrial and commercial client base of Britain's privately-owned Pennine Natural Gas. The next sector ripe for state consolidation may be the pipeline business. According to official documents seen by Time, there are moves afoot within the Kremlin to create a huge oil and gas pipe-line monopoly based on an existing pipeline operator, Transneft. In February, Russian Industry and Energy Minister Viktor Khristenko submitted a report to Putin suggesting that Transneft acquire Russia's stake in the Caspian Pipeline Consortium (CPC), a company partly owned by the governments of Kazakhstan and Oman, which operates...

Author: /time Magazine | Title: Crude Power | 7/2/2006 | See Source »

Maybe not, but it could ultimately meld with TV. After all, if you have a cable modem, you already get your Internet and TV through the same pipe. A decade from now, there could just be longer and shorter shows from the same companies (NBCUniversalYouTube, say) that you play on your HD video wall, telepathy phone or iPod contact lens. Or, at least, online and TV could well be separate but more equal. To advertisers, who still pay for most of TV, a picture is a picture. "We're not really calling it TV anymore--it's video," says Jeff...

Author: /time Magazine | Title: Get The Office At Your Office | 6/26/2006 | See Source »

...million Amount paid by cosmetics tycoon Ronald Lauder for Gustav Klimt's 1907 portrait Adele Bloch-Bauer I?the highest price ever paid for a painting $104 million Price paid in 2004 for Picasso's 1905 Boy With a Pipe, the previous record holder

Author: /time Magazine | Title: Milestones | 6/26/2006 | See Source »

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