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Word: south (lookup in dictionary) (lookup stats)
Dates: during 2000-2009
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...That's because Toranagallu is also home to a 3,700-acre forest of puffing smokestacks that make up the Jindal South West steel factory. Opened a over a decade ago, Jindal South West has over the past several years claimed an estimated $150 million in carbon credits thanks to its internationally recognized status as a part of the Clean Development Mechanism (CDM) administered by the U.N. under the Kyoto Protocol. But while the steel plant's efforts to reduce its emissions may in a very small way be helping the earth's atmosphere, villagers complain any benefits are lost...

Author: /time Magazine | Title: An Indian Village Sees the Downside of Carbon Trading | 12/3/2009 | See Source »

...generating power through the burning of waste gas created during steel manufacture. In a bid for more carbon dollars, a second power plant was built. "The carbon revenues were a major factor in taking up these projects," says Suresh Iyer, the chief coordinator of carbon trading at Jindal South West. If a project is reducing carbon, he says, "we do take the initiative and put up the plant because of that." The second plant, which Iyer estimates cost the company $50 million to build, was approved by the CDM in January 2007 and now earns an estimated 700,000 CERs...

Author: /time Magazine | Title: An Indian Village Sees the Downside of Carbon Trading | 12/3/2009 | See Source »

...have-nots in North Korea, partly due to the prevalence of relatively free markets, says Cheong Seong-chang, senior fellow at the Sejong Institute, a think tank in Seoul. Since 2000, the bigger traders in North Korea have come to live a life "almost as lavish as South Koreans," says Cheong. "They have big refrigerators, color televisions, DVD players." In a socialist utopia like North Korea, such economic divides are unacceptable; the currency change would reduce inequality by making a broad swath of the North Korean population poorer. (See pictures of North Korea's rubber-stamp elections...

Author: /time Magazine | Title: Economic 'Reform' in North Korea: Nuking the Won | 12/3/2009 | See Source »

...Honduras, where the country's congress this week refused to reinstate democratically elected President Manuel Zelaya, a leftist who was ousted in a June 28 military coup. The Obama Administration condemned Zelaya's overthrow as an affront to Latin America's fledgling democracies. But conservatives led by GOP South Carolina Sen. Jim DeMint - who blocked Valenzuela's confirmation to protest Obama's stance - and Bush Administration holdovers such as the U.S.'s ambassador to the Organization of American States, Lewis Amselem (who was finally replaced this week), pushed Obama into brokering a deal in which the U.S. effectively condoned...

Author: /time Magazine | Title: Obama's Latin American Policy Looks Like Bush's | 12/3/2009 | See Source »

...speedily and in consultation with Pakistan, there is a fear of a spillover effect." The same concern colors the thinking of the military establishment, which will be making the decisions that matter on the Pakistani side. "The army is caught in a conundrum," says Shuja Nawaz, director of the South Asia Center at the Atlantic Council. "It doesn't want the U.S. to leave in a precipitous manner, but it also concerned that by having more troops in Afghanistan, militants may be pushed into Pakistan." Other observers believe that the effects of any such spillover would be manageable. "The troops...

Author: /time Magazine | Title: Pakistan's Reaction to Obama's Plan: Departure Is Key | 12/2/2009 | See Source »

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