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...politically well connected. You still won't be able to buy gasoline for $1.73 per gal. as you did then, instead of today's $2.28. You still won't be able to buy home heating oil for $1.60 per gal., in place of today's $2.39. But a select group of investors and companies will walk away with billions of dollars in tax subsidies, not from oil but from the marketing of a dubious concoction of synthetic fuel produced from coal and dependent on government tax credits tied to the price...

Author: /time Magazine | Title: A Magic Way to Make Billions | 2/26/2006 | See Source »

...wedding boom, though, has brought some social strains. Because good weather and good astrology coincide so rarely, millions of weddings are held on a few select nights during the cool winter season. In Delhi, that means up to 15,000 weddings a night, causing dusk-to-dawn gridlock for 14 million residents, as hundreds of thousands of guests cross town, park on the sidewalks and later weave unsteadily back home. To rein in the bacchanalia, local police have begun raiding unlicensed wedding parties and impounding gifts as evidence. Ahead of the estimated 30,000 weddings scheduled in the city...

Author: /time Magazine | Title: Letter From New Delhi: Land of the Wedding Planners | 2/19/2006 | See Source »

...built in Europe in 14 years. The winner of the $3.6 billion plant contract was Areva, in a joint venture with Germany's Siemens. China currently has nine nuclear reactors in operation and says it will increase its nuclear capacity fivefold by 2020. The Chinese are expected to select a Western contractor for two new plants this year. The race is among Areva, Westinghouse and Russia's AtomStroyExport...

Author: /time Magazine | Title: energy: Re-Energized in France | 2/19/2006 | See Source »

...Katrina was a national failure, an abdication of the most solemn obligation to provide for the common welfare." TOM DAVIS, U.S. Congressman, whose House Select Committee released a report last week criticizing the government's response to the hurricane that devastated New Orleans on Aug. 29 last year...

Author: /time Magazine | Title: Verbatim | 2/19/2006 | See Source »

...grown throughout the years, with the most recent expansion in 2002 bringing the total number of invitees to 40. The NCAA recently bought out the NIT as part of the settlement of a lawsuit, making this year the first in which NCAA sanctioned officials will select the NIT field.“There’s talk amongst people in the league [that with] the expansion of the NIT and the taking over of the NIT by the NCAA there’s a great chance that in the Ivy League or the Patriot League, the second place team [could...

Author: By Caleb W. Peiffer, CRIMSON STAFF WRITER | Title: NIT Offers Postseason Hope for Harvard | 2/17/2006 | See Source »

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