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...most efficient and effective way to spur conservation is to raise the cost of fossil fuels. Current prices fail to reflect the very real environmental costs of pumping carbon dioxide into the air. The answer is a tax on CO2 emissions -- or a CO2 user fee, if that is a more palatable term. The fee need not raise a country's overall tax burden; it could be offset by reductions in income taxes or other levies...

Author: /time Magazine | Title: Planet Of The Year: Global Warming Feeling the Heat | 1/2/1989 | See Source »

...futuristic young traveler who says I Want to Be an Astronaut (Crowell; $12.89). All the experiences are cataloged and exhibited: zero gravity, concentrated meals, a space walk, even the building of a factory in orbit. Once upon a time such adventures seemed the stuff of daydreams. This user-friendly manual makes them not only plausible but likely...

Author: /time Magazine | Title: Books: A Child's Garden of Lore And Laughter | 12/12/1988 | See Source »

Alarm over the narcotics epidemic has ignited a divisive debate over drug laws and the best way to attack the problem. Former Prime Minister Bettino Craxi has called for a drastic reversal of the old law: he wants users punished. "You can't ban the sale of drugs from one side and give freedom to buy them on the other," he argues. Craxi's hard line has drawn fire from liberals, especially Minister for Special Affairs Rosa Russo Jervolino, chief author of a new antidrug law calling for stiffer sentences for traffickers, more support for police, and better rehabilitation programs...

Author: /time Magazine | Title: Italy Tentacles of the Octopus | 12/12/1988 | See Source »

...Tandy, the deal is recognition that its IBM-compatible machines, which command an estimated 23% of the American market for PCs, are considered among the industry's most reliable and user-friendly. And the arrangement will provide a regained U.S. foothold for Matsushita, which had pulled its made-in- Japan computers from the American market in April 1987 because Washington had imposed tariffs on some kinds of imported PCs. Matsushita hopes eventually to market Tandy's computers overseas as well...

Author: /time Magazine | Title: COMPUTERS: Local Product Makes Good | 11/28/1988 | See Source »

...require $70 billion more in new funding. Bush himself, by James Baker's count, has proposed $40 billion in additional spending for new domestic initiatives, including more than $6 billion in oil and capital-gains tax breaks. Upward pressure on the deficit will be inexorable. A combination of new user fees, tax-rate adjustments and other masking devices is the likely route Bush will take around his no-new-tax campaign pledge. Richard Darman's first job if he becomes Office of Management and Budget Director will be to dream up a fresh euphemism for tax increases to replace...

Author: /time Magazine | Title: What To Expect: The outlook for the Bush years | 11/21/1988 | See Source »

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