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...give away some or all at no cost. If even a portion of the credits are auctioned off, the scheme could produce hundreds of billions of dollars in revenues, since almost every big company in America would need to buy the credits to initially comply with the more stringent standards. But most Republicans and many Democrats are demanding those potential funds be returned directly to consumers to help offset higher energy bills as utilities pass along to them the cost of modernizing. The Obama plan, however, envisions using 20% of these funds to pay for investments in green technologies...

Author: /time Magazine | Title: Congress Launches Opening Gambits on Global Warming | 4/1/2009 | See Source »

...been the scandal of India's political class after he called for, among many things, the hands of Muslims to be cut off if they are raised against Hindus, their throats to be slashed, their population to be culled by strict birth control. His words triggered India's stringent National Security Act, and for days the young Gandhi was a fugitive from the law. The episode has highlighted the ugly feud that has split India's historic First Family for years...

Author: /time Magazine | Title: India's Dynastic Feud: A Gandhi Who Hates Muslims | 3/31/2009 | See Source »

...world economic crisis on China's already fragile social stability has strengthened party hardliners. They argue that the lack of international response to Beijing's suppression of political dissent before and during the Olympic Games - the jailing and intimidation of dissidents like Hu Jia, for example - makes even more stringent repression now the government's best option. Sinologists say a series of sensitive anniversaries that fall this year - including the 20th anniversary of the crushing of demonstrations in Tiananmen Square and the 60th anniversary of the founding of the People's Republic - will likely contribute to the chill. Even political...

Author: /time Magazine | Title: As China's Olympic Glow Fades, So Do Hopes for Reform | 3/25/2009 | See Source »

...presents to Harvard artists. When asked about the selection criteria, Breeden said, “We’re going to be looking at the quality of the work and its size but also its sell-ability.” She later stressed that, ultimately, there will be no stringent formula. Breeden herself plans to submit to the show; however, she is quick to laughingly affirm that she will not be on the committee who decides the fate of her pieces. Students will be able to submit work through March 30, the first day back after spring break. Wang...

Author: By Lillian Yu, CONTRIBUTING WRITER | Title: Students Make Bank with Art | 3/20/2009 | See Source »

...countries are guilty of self interest, no doubt. Emerging markets have responded to an uneven playing field with their own brand of “economic nationalism.” Indeed, Harvard economics professor Ken Rogoff notes that India’s comparatively “stringent restrictions on international capital flows” saved it from the brunt of the recession. The point is that state intervention and national interests have been complicated through globalization, not erased...

Author: By Raúl A. Carrillo | Title: The Return of Economic Nationalism? | 3/12/2009 | See Source »

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