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...tradable carbon credits, 15% would be auctioned off, the rest donated to businesses like cement and steel plants to soften the bill's economic impact...

Author: /time Magazine | Title: The World | 6/8/2009 | See Source »

...access to a giant iron ore reserves, Chinalco has to watch the two biggest producers in the world - BHP and Rio - do a joint venture with their reserves in the famed Pilbara region of western Australia. It's no wonder that the executive director of China's iron and steel institute was warning about a possible "monopoly...

Author: /time Magazine | Title: Another Deal Blown, Where Will China Invest Now? | 6/7/2009 | See Source »

Baltic Index president Jeremy Penn cautions that shipping rates can sometimes fluctuate dramatically, and are often driven by specific factors such as carrier availability in key locations. Indeed the current boost is best explained by Chinese steel production demand and a shortage of the Capesize vessels to haul the iron ore. Penn notes that it is not yet clear whether the core manufacturing that is turning again in China is linked to coming export demand or domestic infrastructure investment. "There are always quirks in the pricing," he notes. "And at the moment it seems a very China-centric market." (Read...

Author: /time Magazine | Title: The Least Known Key Economic Indicator | 6/5/2009 | See Source »

...memorial to all the survivors - a steel plate, as Chancellor Merkel said, that is heated to 37 degrees Celsius, the temperature of the human body; a reminder - where people were deemed inhuman because of their differences - of the mark that we all share. Now these sights have not lost their horror with the passage of time. As we were walking up, Elie said, "if these trees could talk." And there's a certain irony about the beauty of the landscape and the horror that took place here...

Author: /time Magazine | Title: Remarks at Buchenwald Concentration Camp | 6/5/2009 | See Source »

Situated in Louvain-La-Neuve, a new town some 20 miles (32 km) southeast of Brussels, the Hergé Museum is a stunning piece of architecture. Designed by Pritzker Prize winner Christian de Portzamparc, its sleek concrete, steel and glass form makes it look like a stranded ocean liner, an image that deliberately echoes Tintin's many maritime exploits. Built at a cost of $20 million, and financed by Hergé's second wife Fanny, the museum reflects Hergé's huge corpus of work, much of which has, until now, been languishing largely unseen in studios and bank vaults...

Author: /time Magazine | Title: Two New Museums for Tintin and Magritte | 6/3/2009 | See Source »

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