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...other company. But its 2008 profits - $824 million on $18.4 billion in sales - were down 17% from 2007, due mostly to a whopping $2.4 billion write-down linked to construction troubles with its Finland reactor. The Finnish project was supposed to showcase Areva's third-generation earthquake- and missile-proof design, known as a European Pressurized Reactor (EPR). Areva beat out Westinghouse and General Electric-Hitachi in 2003 to win a contract with Finland's main utility Teollisuuden Voima Oyj (TVO) to build the plant. GE-Hitachi, Mitsubishi and Westinghouse all sell their own third-generation reactors, which are more...

Author: /time Magazine | Title: Areva's Field of Dreams | 8/5/2009 | See Source »

...growing sense that the manuscripts are tangible proof of Africa's sophisticated history has inspired a series of projects to restore, conserve and keep them in Mali. A few of the 32 family libraries in Timbuktu have received foreign funding from institutions such as the Ford Foundation or governments such as those of Spain, Norway and Dubai. Six years ago, South Africa's government began the museum project to house the Ahmed Baba Institute's huge collection. Until now there has been no building in Timbuktu with the space or sophisticated temperature control in which to keep old documents. Curators...

Author: /time Magazine | Title: Lost Treasures of Timbuktu | 7/30/2009 | See Source »

...With every vote critical in the Senate, where Democrats already have a 60-seat, theoretically filibuster-proof majority, McConnell decided that saving Bunning's political hide once - his last-minute help in Bunning's 2004 squeaker made the difference - was enough. He quietly signaled to Republican moneymen that they ought to wait Bunning out. Party leaders in Washington met with a potential primary opponent. The tension reached a boiling point when Bunning called Senator John Cornyn of Texas, who will lead efforts to re-elect GOP Senators in 2010, a liar after Cornyn denied he was recruiting an alternative candidate...

Author: /time Magazine | Title: How Mitch McConnell Ended Jim Bunning's Career | 7/29/2009 | See Source »

...Palestinians ("them") hate the settlements as a reminder of occupation, proof that if and when any agreement with Israel is forged, they will never get back the land they call theirs. The settlements have joined other intractable issues - like the desire of Palestinian refugees to return to villages their families left 60 years ago - that have stymied every effort to find peace in the Middle East for a generation. The Obama Administration says negotiations between the Palestinians and the Israelis can only proceed if Israel agrees to stop settling occupied land. "The settlements have to be stopped in order...

Author: /time Magazine | Title: Israeli Settlers Versus the Palestinians | 7/27/2009 | See Source »

...have to admit, at first the scene at Gillette didn’t provide much more than further proof that a Constitutional ban on white people dancing might be enough to end the recession. It was still light out when we arrived, and while the two performers started the show combining on classics like John’s “Your Song” and Joel’s “My Life,” the crowd—mostly aged middle and beyond—seemed more concerned with finding the bathroom than listening...

Author: By Loren Amor | Title: Throwback | 7/27/2009 | See Source »

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