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...latest call for a change of course came from economist Jeffrey Sachs, special adviser to U.N. Secretary General Ban Ki-moon, who this week urged the European Parliament to scrap the E.U.'s much-touted target of increasing biofuel's share in Europe's diesel and gasoline consumption to 10% by 2020. Last year, E.U. governments spent an estimated € 3.7 billion ($5.2 billion) on subsidising biofuel production...

Author: /time Magazine | Title: Europe Grapples Over Biofuels | 5/8/2008 | See Source »

...European Environment Agency, which advises the European Commission, has recommended that the E.U. suspend its 10% biofuels target, calling it an "overambitious experiment whose unintended effects are difficult to predict and difficult to control...

Author: /time Magazine | Title: Europe Grapples Over Biofuels | 5/8/2008 | See Source »

...trade and farm officials haven't adopted the newly negative line on biofuels. Trade Commissioner Peter Mandelson insists that the 10% target is still attainable and argues that the E.U.'s biofuels policy has had only a minimal impact on world food prices. Mandelson has tried to shift the blame to the U.S. and the subsidies that are driving up to one third of its maize crop into ethanol production...

Author: /time Magazine | Title: Europe Grapples Over Biofuels | 5/8/2008 | See Source »

Reed was the victim of mistaken identity. The killer's real target had been her sister, Alison Ponting, a producer at the BBC World Service. Alison was married to a chubby Armenian charmer, Gacic Ter-Oganisyan, whom she had met while studying Russian at university. But the marriage triggered a chain of improbable events which eight years later unleashed the whirlwind of death, imperialism, civil war, oil, gangsterism and nationalist struggle that is otherwise known as the North Caucasus upon sleepy Woking...

Author: /time Magazine | Title: The New Gangsterism | 5/7/2008 | See Source »

This sort of tariff would undoubtedly hurt schools’ fundraising programs: If donors knew that the money they bequeathed to their alma mater would partially or fully be heading to the state (or push the target college or university over the $1 billion mark), they would think twice before writing that check. While the donations that some of these schools receive are more than just hefty, the amount of money schools would be required to give under this tax would often be even greater. For example, under this law, Harvard would have to pay $875 million dollars...

Author: By The Crimson Staff | Title: The Tax Stops Here | 5/7/2008 | See Source »

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