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...energy use by 2015, with a 2% cut every year after that; an increase in the availability of a cleaner ethanol-gasoline mix known as E85; and 10% of the region's electricity to come from renewable sources by 2015, with an increase to 30% by 2030. The plan also calls for reductions in greenhouse gases - though no firm targets - and the establishment of a regional cap-and-trade system...

Author: /time Magazine | Title: US States Sign Global Warming Pact | 11/15/2007 | See Source »

Which brings us to Washington. Despite increasing evidence that Americans are worried about climate change - Congress continues to drag its feet on a nationwide carbon reduction plan similar to ones already enacted by the faster-moving states. Hopefully, that will begin to change. The long delayed McCain-Lieberman bill - which would cap carbon emissions at 15% below 2005 levels by 2020 and set up a greenhouse-gas trading system - may finally be brought to a vote before the Senate Environment and Public Works Committee as early as next month, though there's no sign of when it would reach...

Author: /time Magazine | Title: US States Sign Global Warming Pact | 11/15/2007 | See Source »

...chairman. At the family's weekly Sunday brunches at a mountainside luxury tower that houses three generations of Fungs, the brothers usually pair off to talk shop. But unlike many other Asian companies, which are treated as opaque clan fiefs, Li & Fung produces a straight-talking triennial three-year plan, and the brothers are regularly ranked as top managers in Asia...

Author: /time Magazine | Title: Exports: Trading Up | 11/15/2007 | See Source »

...Those realities will continue to hamper any push for fresh sanctions. The current plan calls for additional pressure on several fronts. Last month, the U.S. unveiled new financial sanctions against Iran that take a page from the playbook Washington used - successfully, in its view - to force North Korea to shut down its nuclear-weapons program. Specifically, the Treasury Department barred U.S. companies from dealings with three Iranian banks, as well as several companies the U.S. claims are in the WMD-proliferation business. According to intelligence reports, these companies are controlled by, or linked to, high-ranking officials in Tehran, including...

Author: /time Magazine | Title: Pressure Points | 11/15/2007 | See Source »

Thompson's new plan reduces staffing (23,000 before the new round of cuts) and budgets but leaves the range of activities pretty much intact. There's a constant tension between the BBC's aim of making what Byford calls "brilliant, outstanding, special, standout content" and the need to justify its existence by attracting mass audiences, which, as Fox Television has proved, tend to gather at the bottom of the taste pyramid. Consider the huge popularity of reality TV, which is cheap to produce and capable of provoking controversy that hooks big audiences. Controversy is, of course, hard to control...

Author: /time Magazine | Title: BBC's Blues | 11/15/2007 | See Source »

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