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...such a shift is possible through a more accurate interpretation of the existing agreement. First, it's important to understand that today's framework does not state that China and other developing nations should have no emissions limits ever. It says that such countries should be compensated if they set limits. This is quite different, and opens up the way for a novel agreement that would allow both Washington and Beijing to move simultaneously to break the diplomatic logjam over emissions reductions and to save face with their domestic constituencies...

Author: /time Magazine | Title: Forward Trading Between the U.S. and China | 10/5/2009 | See Source »

...what amounts to an insurance policy to establish a minimum amount that Washington would pay Beijing if or when the U.S. exercised its option. The cost of Beijing's insurance policy and the cost to the U.S. of exercising its option on China's emissions levels would be set at roughly the same price...

Author: /time Magazine | Title: Forward Trading Between the U.S. and China | 10/5/2009 | See Source »

...leave Chelsea by herself to take these exams." A new rift opened - between Clinton and Gore. Branch describes Clinton as wrestling with the problem "like a medieval scholastic. It was a choice between public duty on a vast scale, and the most personal devotion." The Tokyo trip was set for April. (See pictures of Bill Clinton's North Korea rescue mission...

Author: /time Magazine | Title: Family Ties: The Other Bill Clinton | 10/5/2009 | See Source »

...recorded a secret and "unique, verbatim record" of Clinton's presidency, meant to serve posterity. At the end of each conversation, Branch would hand over his cassettes to Clinton--and then record his observations and recollections after leaving the White House. This book is the fruit of that second set of tapes, and it's by turns intimate and dispassionately historical. With its chronological account of Clinton's then contemporaneous comments on the Middle East peace process, his Republican opponents and just about everything else under the sun (except for Whitewater and, for the most part, the Monica Lewinsky scandal...

Author: /time Magazine | Title: The Skimmer | 10/5/2009 | See Source »

...Washington Park inaccessible for at least six months. "I love this park," says Aaron Fonville, 42, while watching a neighborhood baseball game on a recent Sunday. "I don't want to see anyone messing with its preservation." The $1 billion Olympic Village, meanwhile, is scheduled to replace a set of historic hospital buildings designed by famed German Modernist Walter Gropius - a plan that Jonathan Fine, executive director of Preservation Chicago, calls "cultural vandalism...

Author: /time Magazine | Title: Chicago's Olympic Dreams | 10/5/2009 | See Source »

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