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...these credits has already impacted development. Acciona, a large Spanish renewable company that launched a major concentrated solar power plant outside Vegas this year, says similar projects will be impossible in the future without an extension of the tax credit. Abengoa, another Spanish company (European companies have dominated this space, largely because their governments provide significantly more generous subsidies to renewables), is planning to build the world's largest solar plant in Arizona, but the CEO of its solar arm told me recently that the project could fall apart if the credit doesn't come through...

Author: /time Magazine | Title: The Global Credit Crisis | 7/20/2008 | See Source »

There are many practices unique to the Tokyo Metro. Trains are generally stuffed to bursting, yet at every stop people manage to push their way onto the train as those around them bang into each other like bowling pins with no space to tumble. Talking on a cell phone is strongly discouraged, however texting tends to be the favorite activity of most of the train riders. Tokyo commuters have also developed an uncanny ability to sleep standing up, somehow waking up just when the train reaches their station...

Author: By Kerry A. Goodenow | Title: The Tokyo Underground | 7/20/2008 | See Source »

When surgeon, lecturer and author Sharad Paul first approached Auckland's prestigious Rialto Centre to rent space for a café-bookshop, the managers were far from convinced. Renting to someone with no retail or catering experience seemed unduly risky. But after a year of persistence and persuasion, Paul's vision finally won them over, and the result is Baci Lounge (a name derived from "books, art, coffee inc."), www.baci.co.nz. The fashionably designed space is now a hub for Auckland's literati - a place to shop for unusual reading and to enjoy good wine, food and coffee (the latter given...

Author: /time Magazine | Title: Open Heart Surgeon | 7/17/2008 | See Source »

...Fabre that was held earlier this summer in galleries containing Dutch and Flemish masterpieces. Among the highlights: a table strewn with feathered sculptures depicting the severed heads of seven owls in the same room as Van Dyck portraits, and a gigantic earthworm wriggling on upended gravestones sharing a space with 21 Rubens depictions of Marie de Medicis. The show was part of a series called "Counterpoints," designed to give a new perspective on old works by putting them alongside contemporary ones. "It's important to have polyphony around the collection," says Loyrette. But Fumaroli trashed the Fabre works as pantalonnades...

Author: /time Magazine | Title: Le Louvre Inc. | 7/16/2008 | See Source »

Mohammad Ayoob, professor of International Relations at Michigan State, agrees. He argues that "repression provides more space for the Islamist parties" to operate with extreme political platforms. But "if the system opens up" and if the government takes the initial steps towards socializing the Brothers by allowing them to play on a politically level playing field, he says, the party would have the incentive to work within the system rather than against...

Author: /time Magazine | Title: Mubarak Asserts Control in Egypt | 7/15/2008 | See Source »

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