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...heart of the initiative is Masdar City, a community designed for 40,000, set to be completed by 2016, that bills itself as the city of the future. Cars will be banned, so residents will be whisked around the city on a personal rapid transit (PRT) system, an automated cable-car-like network. (The PRT cars, unveiled at WFES, look as if they were stolen from the set of Star Trek.) More prosaically, the 2.3-sq.-mi. (6 sq km) walled community will have a solar-powered desalination plant, and conservation will keep water use 60% below the norm...

Author: /time Magazine | Title: Abu Dhabi: An Oil Giant Dreams Green | 2/12/2009 | See Source »

...Masdar Initiative and its high-tech approach. Environmentalists are slowly realizing that a policy of regulation--so successful in combatting past pollution problems like acid rain--simply won't be enough for global warming. The scale of the climate crisis is too vast, and the world's growth too rapid. What's needed is technological innovation, green solutions as yet undreamt of, to utterly remake the way people use energy. Masdar's crash greening may be the future. "This is real, and it shows that they are thinking ahead in a constructive way," says Nicholas Stern, an influential British economist...

Author: /time Magazine | Title: Abu Dhabi: An Oil Giant Dreams Green | 2/12/2009 | See Source »

...more rapid approval of formal investigation orders and commission permission slips, Schapiro is now allowing SEC enforcers to more easily move from informal investigations to securing subpoenas for witness testimony and documents by abolishing the agency's onerous "pre-approval" process. The process, which began at the beginning of all serious investigations, required all five SEC commissioners to be present and "pre-approve" any major investigation. The problem: it often took weeks before all the commissioners could come together in one room...

Author: /time Magazine | Title: Mary Schapiro Moves Quickly to Shake Up the SEC | 2/11/2009 | See Source »

...product of this process is that at 16 million unit sales, which is the level from just three years ago, Detroit may be forced to give up market share because it cannot replace its old plants and labor infrastructure fast enough to take advantage of a modest but rapid sales recovery. At a 20% market share, GM will only have to produce 2.2 million vehicles in the U.S. this year. If it wants to keep that share when sales get back to where they were the year before the economy dropped into recession, the company will have to build...

Author: /time Magazine | Title: When Does Detroit Run Out Of People To Cut? | 2/10/2009 | See Source »

...been demonstrated time and again that returning money to taxpayers in the form of a tax reduction has the most bang for the buck. If there's going to be federal spending, it should be devoted exclusively to very high-priority, urgent projects that can be completed on a rapid basis. But the congressional Democrats added a basketful of liberal projects that have little, if anything, to do with stimulating the economy...

Author: /time Magazine | Title: Q&A: Mitt Romney on How Obama's Doing | 2/6/2009 | See Source »

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