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...year the Chinese are expected to kick off the next phase of their nuclear expansion by selecting a Western contractor for two new plants. In the U.S., the Energy Policy Act, which sets up a new form of federal risk insurance, is widely seen as ushering in a new era. "We will start building nuclear power plants again by the end of this decade," President George W. Bush announced when he signed the bill into law in August. In much of Europe, too, official attitudes to nuclear are shifting rapidly. Bulgaria is currently holding a tender for two new reactors...

Author: /time Magazine | Title: Fission Returns to Fashion | 10/23/2005 | See Source »

...drop out. Drug-induced visions inspired posters, clothes and album covers in dazzling, swirling colors; later generations were disappointed that they'd missed out on all the fun. Now it's time to don the kaftans and give the visuals another chance. "Summer of Love: Art of the Psychedelic Era" runs at the Kunsthalle Schirn in Frankfurt from Nov. 2 to Feb. 12, and then at Vienna's Kunsthalle Wien from May 5 to Sept. 3. The original organizers (it started life at Tate Liverpool in England) say it's time to rediscover "this forgotten and repressed aesthetic...

Author: /time Magazine | Title: Listen to the Color of Your Dream | 10/23/2005 | See Source »

...offered by corporations has plunged from 112,200 in 1985 to 29,700 today. Since 1985, the number of active workers covered in the private sector declined from 22 million to 17 million. They are the last members of what once promised to be the U.S.'s golden retirement era, and they are fast disappearing. From 2001 to 2004, nearly 200 corporations in the FORTUNE 1000 killed or froze their defined-benefit plans. Most recently, Hewlett-Packard, long one of the most admired U.S. companies, pulled the plug on guaranteed pensions for new workers. An HP spokesman said the company...

Author: /time Magazine | Title: The Broken Promise | 10/23/2005 | See Source »

World oil production is about to reach a peak and go into its final decline. For years, a handful of petroleum geologists, including me, have been predicting peak oil before 2007, but in an era of cheap oil, few people listened. Lately, several major oil companies seem to have got the message. One of Chevron's ads says the world is currently burning 2 bbl. of oil for every barrel of new oil discovered. ExxonMobil says 1987 was the last year that we found more oil worldwide than we burned. Shell reports that it will expand its Canadian oil-sands...

Author: /time Magazine | Title: The Future of Energy: Viewpoints: It's the End of Oil / Oil Is Here to Stay | 10/23/2005 | See Source »

...suburbs of Washington State during the mid-1970s, Black Hole evokes that era's great teenage exploitation movies with its attention to atmospheric detail. It even begins in typical teen horror gross-out fashion, with the two protagonists in biology class, hunched over the slit belly of a supine frog. Shaggy-haired Keith digs the fact that he has been partnered with the "total fox" Chris Rhodes. But as he stares into the spilled amphibian guts he becomes overwhelmed by a dark premonition: "I felt like I was looking into the future?and the future looked pretty messed up." Overwhelmed...

Author: /time Magazine | Title: A Trip Through a 'Black Hole' | 10/21/2005 | See Source »

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