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...lesson from the 2003 blackout is that utilities needed more oversight. Before the blackout, Daigle notes, regulations on utility reliability depended on little more than "peer pressure." That's been beefed up in the years since, with tougher audits of utility systems and steeper fines for failures. But more importantly, we need to enhance what Daigle calls "situational awareness," or, in other words, the intelligence of the grid. The system failed in 2003 not so much because of unkempt trees and a few sagging lines, but because no one knew what was going on until it was too late. Utilities...

Author: /time Magazine | Title: Can We Prevent Another Blackout? | 8/11/2008 | See Source »

...Economic changes over the past three decades - many the result of government decisions - have "left working families up and down much of the income spectrum living with fewer economic protections, bearing more economic risk, chancing steeper financial falls," writes Los Angeles Times reporter Peter Gosselin in his new book High Wire: The Precarious Financial Lives of American Families. This Great Risk Shift from governments and corporations to individuals, as Yale political scientist Jacob Hacker labeled it in the title of another book on the subject, has become one of the defining economic realities of our age. Some aspects...

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

Hillary Clinton's already uphill path to the Democratic presidential nomination has gotten quite a bit steeper. On Thursday, the Michigan state Senate adjourned without taking action on a do-over of that state's Democratic primary, following the lead of Florida, which ruled out another primary earlier this week. That leaves it up to the party and the candidates to come up with a plan for seating both crucial state's delegates at the national convention this summer in Denver. But as Clinton and Barack Obama battle it out in the final stretch of the nomination race, there...

Author: /time Magazine | Title: Michigan Hurts Clinton's Chances | 3/21/2008 | See Source »

...good place to hang out. If you are the first passenger out, then you should help other people get off. Otherwise, you should get out of the way. Pile-ups at the bottom of the slide can be brutal - and can also make the slide much steeper for everyone else coming down...

Author: /time Magazine | Title: How to Escape Down an Airplane Slide | 1/23/2008 | See Source »

...billion bbl. of proven reserves and produces nearly 2 million bbl. daily, mainly from the Basra area in the south and Kirkuk and Kurdistan in the north. That's a sharp drop from about 2.8 million bbl. a day before the U.S. invasion in 2003 and an even steeper decline from a peak of about 3.7 million bbl. before the 1980 war with Iran. (From 100,000 to 300,000 bbl. a day are lost to smugglers.) The law would allow oil companies to explore hundreds of new oil fields under 10-year agreements and then 20-year production contracts...

Author: /time Magazine | Title: Petro Showdown | 9/6/2007 | See Source »

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