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...million judgment against a spammer in 2008 that is the largest single penalty - but it's unlikely to prove much of a deterrent. With busts so few and far between, the overwhelming majority of spam messages (some estimate as high as 99.8%) don't comply with CAN-SPAM. And trade groups like the Direct Marketers Association are already trying to weaken CAN-SPAM's regulations. Absent new legislation or divine intervention, expect spam to remain the Internet's greatest annoyance...

Author: /time Magazine | Title: Spam | 11/2/2009 | See Source »

...than 95% of PV cells produced by China in 2008 were exported, indicating the country's output far exceeds domestic demand. Not surprisingly, foreign companies think they are being blocked from the mainland market. The European Union Chamber of Commerce in China has complained China has erected alternative-energy trade barriers, focusing specifically on the treatment of wind-turbine makers. In a position paper released in September the group said, "The use of bidding requirements to bar international [wind-turbine] companies from competing is a cause for grave concern for these players who have all invested heavily in the market...

Author: /time Magazine | Title: Tower of Power | 11/2/2009 | See Source »

...China's Ministry of Commerce rejected the European chamber's complaints of protectionism, saying the country tries to offer a level playing field for all foreign and domestic businesses. But because China has not signed the World Trade Organization agreement that limits protectionism for government procurement, foreign governments have little recourse. China's National Development and Reform Commission said in June that except in cases where the necessary technology is unavailable domestically, funds from the country's $586 billion stimulus package should buy Chinese-made equipment...

Author: /time Magazine | Title: Tower of Power | 11/2/2009 | See Source »

...stimulate global solar-panel production, an industry association is investigating claims that Chinese panelmakers are dumping their products. Non-Chinese solar firms complain they are undercut in European and American markets by Chinese companies selling similar products for 30% less than rivals. The dispute has the potential to increase trade frictions between China and the West. Earlier this year, U.S. customs officials ruled that imported solar panels were subject to a duty of 2.5% (panel imports were previously duty-free...

Author: /time Magazine | Title: Tower of Power | 11/2/2009 | See Source »

When the check arrives at the Patpong Thai restaurant in Chingford, England, Reg Burrows usually pays with plastic. But Burrows, the owner of an industrial-storage-supply firm, doesn't pull out Visa or American Express. He pulls out Bartercard. As a member of the Bartercard trading network, Burrows receives "trade pounds" instead of cash whenever his firm, Global Equipment Trading, works for fellow Bartercard clients. He can then spend that credit at any of the 75,000 member businesses around the world, including Patpong Thai, where he frequently entertains clients. So far this year, Burrows has exchanged around...

Author: /time Magazine | Title: Bartering: Have Hotel, Need Haircut | 11/2/2009 | See Source »

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