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...that banks have received from the government are being used but that he thought the moves Treasury has made so far have gone a long way toward stabilizing the economy. Kashkari also said that Treasury was interested in stemming foreclosures, but it would be very difficult to formulate a cost-effective program. "I am very concerned about redefaults," said Kashkari. "The plans we have passed so far have been thoughtful, but they haven't helped as many homeowners as we had hoped...

Author: /time Magazine | Title: Treasury Investments Already $16 Billion in the Red | 12/11/2008 | See Source »

Zookeepers and policymakers who aren't moved by all this suffering might instead be convinced by the simple fact that it costs a fortune to keep elephants so miserable. In the past 10 years, zoos have spent or committed to spend about $500 million to build or upgrade enclosures designed to improve the lives of 250 animals - but nothing so far suggests that does much to improve captive elephants' health or longevity. In Kenya, on the other hand, the wildlife service has an annual budget of just $20 million to look after tens of thousands of elephants. What's more...

Author: /time Magazine | Title: Free Dumbo! Zoos Are Bad for Elephants | 12/11/2008 | See Source »

...prevent this second scenario from happening is not to let gas get cheap again. Yes, this is yet another plea for that hoary notion: a big energy tax. Just five months ago, we were essentially paying a tax of $95 per bbl. That's the difference between what oil cost then and what it costs now. This was a "tax" whereby the revenue went into the pockets of oil producers - about two-thirds of them foreign countries and one-third fellow Americans. Isn't there something better to do with the money...

Author: /time Magazine | Title: Black Gold: It's Time to Raise the Gas Tax | 12/11/2008 | See Source »

...story, city-block-size vertical farm that would have transparent walls to maximize sunlight and would produce enough food for 50,000 people. "With about 160 of these buildings, you could feed all of New York," he says. His idea has intrigued architects, but Despommier concedes that it would cost hundreds of millions to build a full-scale skyscraper farm. That's the main drawback: construction and energy costs would probably make vertically raised food more costly than traditional crops. At least...

Author: /time Magazine | Title: Vertical Farming | 12/11/2008 | See Source »

...Change through the Arts and Sciences,” had a final project that took them beyond the classroom. The team members, who are current Harvard students and recent graduates, are looking to implement off-the-grid energy technology that uses the microbial fuel cells in dirt to produce cost-efficient energy that can be brought to the rural and un-powered areas of Africa. David A. Edwards, the course’s professor, originally assigned a project to artistically light London for the 2012 Olympics. But because of roots and connections in the area, the students decided to light...

Author: By Elizabeth C. Pezza, CONTRIBUTING WRITER | Title: Out of the Yard, Into Africa | 12/10/2008 | See Source »

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