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...hikes. Interestingly, though, to fight global warming, Clinton, McCain and Obama are all in favor of a carbon-cap-and-trade regimen, which would raise the price of fossil fuels just as surely as a direct tax would. Almost in spite of ourselves, we may end up with a semi-rational long-term energy policy. It won't make gas cheaper anytime soon - or perhaps ever - but in the long run, it could strengthen the country's economic prospects...

Author: /time Magazine | Title: The New President's Economy Problem | 5/15/2008 | See Source »

...wanted in the shooting of a fellow officer. That shooting, just two days earlier, took the life of Sgt. Stephen Liczbinski. The officer had just stopped a car with three men suspected in a mid-day bank robbery when one of the men opened fire with a semi-automatic rifle, killing Liczbinski in the middle of a residential street. One suspect was arrested, another was killed in a shootout shortly thereafter, but by Monday May 5th, police had been unable to locate the third...

Author: /time Magazine | Title: Philly's Cop Beating: No Rodney King | 5/14/2008 | See Source »

...spread of English muffins and crème brûlée French toast, hundreds of articles of clothing were up for exchange at the transformed Women’s Center, which was styled to mimic the feel of a trendy thrift store. There were plenty of semi-naked ladies trying on clothing in the makeshift dressing room. As a part of the event, women bring their own clothing donations in order to exchange it for what others have brought. Whatever is leftover is donated to charity. “In the spring, people are excited...

Author: By Jihae Lee, CONTRIBUTING WRITER | Title: Women’s Center Hosts ‘Naked’ Swap | 5/6/2008 | See Source »

...Port Arthur, a former prison in Australia's island state of Tasmania. Described later by his sentencing judge as a "pathetic social misfit," the 28-year-old then reached into his sports bag and, in the manner that others might pull out a sweater, withdrew two military-style semi-automatic rifles, which he used over the next eight horrifying minutes to kill 35 people - men, women and children - in what remains Australia's worst mass murder...

Author: /time Magazine | Title: Australia's Gun Laws: Little Effect | 5/1/2008 | See Source »

...focus has been on terrorism, and particularly on Ayro as he rose up the chain of command in al-Qaeda's East African operations. Although reports were sketchy, security sources suspected his involvement in a number of assassinations, including the death of four foreign aid workers in the semi-autonomous Somaliland region in 2003 and 2004, as well as the killing of BBC journalist Kate Peyton in Mogadishu...

Author: /time Magazine | Title: U.S. Kills Bin Laden's Man in Somalia | 5/1/2008 | See Source »

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