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...addition to the price increase, which went into effect Thursday, the government also said it will require the country's biggest refiner, state-owned China Petroleum & Chemical Corp., known as Sinopec, to increase output and imports of oil products. Sinopec said Wednesday it will run its refineries at full capacity in November, bearing "heavy losses" to guarantee market supply. It will also halt all exports of gasoline and diesel for the time being. As in the past, however, any losses will likely be covered by billions of dollars in government subsidies...

Author: /time Magazine | Title: China Feels the Fuel Pinch | 11/1/2007 | See Source »

...shame that Saddam Hussein was so evil and his country so rich in resources that we had to get rid of him by force. Yet Burma, a country rich in culture and tradition, can only wait for U.N. sanctions that will take a while to go into effect and will only hurt the Burmese people instead of the junta the sanctions are aimed at. Kevin Heise, ROCHESTER...

Author: /time Magazine | Title: Gripes About the Guide | 10/31/2007 | See Source »

...Aviation and Rolls-Royce, paying its machine operators about $280 a month - a fraction of what equivalent workers would earn in Europe. Over 80% of Tunisia's exports head to Europe, where they will soon be exempt from customs duties, thanks to a free-trade agreement that takes effect in January. Meanwhile, tens of thousands of Europeans soak up the sun on Tunisia's beaches every year. "All that is very interesting for foreign investors," says Margareta Drzeniek Hanouz, senior economist at the World Economic Forum. "The differences are very visible in our data compared to other African and Middle...

Author: /time Magazine | Title: Tunisia: The Price of Prosperity | 10/31/2007 | See Source »

...largely responsible for the state of the world’s environment. Global warming is caused by the greenhouse effect, or the retention of “greenhouse gases,” like carbon dioxide, nitrous oxide, and methane, within the atmosphere. In 1990, the year that the 1997 Kyoto Protocol took into account when setting emission reduction goals, the U.S. produced 36% of all global emissions, making it the world’s biggest net polluter. More recent evidence suggests China has now surpassed the U.S. as biggest net polluter; the U.S., however, still emits more greenhouse gases...

Author: By Justine R. Lescroart | Title: In the Hot Seat | 10/31/2007 | See Source »

...foot of the 1994 crime bill, which put 100,000 new cops on the street and boosted both prison sentences and funds for rehabilitation of criminals. Much of the measure has been undercut by the Bush Administration - without so much as a peep from Giuliani, Biden said. In effect, Biden was calling the mayor dishonest...

Author: /time Magazine | Title: Was Rudy the Real Debate Winner? | 10/31/2007 | See Source »

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