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...create such a sophisticated machine from scratch. Much of the work has focused on fine-tuning components purchased elsewhere, such as the chassis, which is manufactured by Courage-Oreca of France but has been highly modified to fit the students' specifications. The car is powered by a four-liter V8 turbocharged engine - meant to be compact, and costing half as much as a conventional racing engine - created for the university by Japanese venture company YGK, to which Hayashi is a consultant...

Author: /time Magazine | Title: The Fast and the Studious | 4/29/2008 | See Source »

...responsible Tokyo citizenry. Gaggles of housewives think that being environmentally conscious is a trendy way to care for their families. Once Japanese people embrace an idea, they do so wholeheartedly. Environmental consciousness is no exception. Over the past 34 years, Japan has renewed a 25-yen ($0.25) per liter gasoline tax - anathema in the U.S. - four times. A decade after hosting the conference that led to the Kyoto Protocol, Japan will host the G-8 Summit on Hokkaido this year, which will focus on green issues...

Author: /time Magazine | Title: The Japanese Way | 4/17/2008 | See Source »

...Aside from deciding on the next BOJ governor, the issue of Japan's gasoline tax has come up and gone - and will likely come up again if the LDP and Fukuda's government have their way. Since 1974, those who purchase gasoline have paid a 25-yen ($0.25) per liter tax. But the law that enforced the surcharge ended on March 31. The Fukuda government submitted a revision to the tax reform law on Feb. 29 in order to extend the tax another 10 years and the DPJ refused to sign the bill. On April 1, long lines...

Author: /time Magazine | Title: Row Ends Over Japan's Central Bank | 4/8/2008 | See Source »

...came to mock. coffee for $600 a pound? Fifty dollars for a pack of three 1-lb. (0.45 kg) tubes of butter? A liter of olive oil for $182? A $120 bottle of beer? I am an intolerable food snob, but I am also from middle-class New Jersey, and the upper reaches of the grocery aisles can make me want to smash something, like a tiny bottle of $145 balsamic vinegar that comes in a box with a 106-page book...

Author: /time Magazine | Title: Gourmet Groceries — for More! | 4/3/2008 | See Source »

...emphasized that the new car complies with India's emissions laws and even with Europe's much stronger Euro 4 standards. Emissions, Tata says, are "lower than a scooter's today". The company claims the car will also deliver 50 miles per gallon, or better than 20 kilometers per liter, which would make it one of India's most efficient vehicles, and vastly more efficient than the average in the U.S. Chief U.N. climate scientist Rajendra Pachauri, who shared last year's Nobel Peace Prize with Al Gore, said recently that he was "having nightmares" about the low-cost...

Author: /time Magazine | Title: The World's Cheapest Car | 1/10/2008 | See Source »

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