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...discovery is remarkable for several reasons. Since the Apollo program four decades ago, scientists have believed the surface of the moon to be dry. Moisture found in rocks brought back by those early missions were thought to be the result of contamination from the earth's atmosphere. The new research, which used the intensity of the colors that bounce off the surface of the moon when it's hit by sunlight, proves that there are traces of both water and a closely related molecule called hydroxyl. Scientists now believe water could be produced in the lunar soil when hydrogen from...

Author: /time Magazine | Title: Water on the Moon Buoys India's Space Program | 9/26/2009 | See Source »

Since June, at least eight entities, including such high-profile names as Apollo Global Management, Colony Capital LLC and Starwood Capital, have filed with the Securities and Exchange Commission to launch initial public offerings of new real estate investment trusts (REITs). The plan is to use proceeds from the IPOs as well as government financing programs to either purchase or originate real estate loans and mortgage-related securities on the cheap. (See pictures of high-end homes that won't sell...

Author: /time Magazine | Title: New REITs Pounce on Distressed Mortgage Assets | 8/18/2009 | See Source »

Still, at least seven more IPOs are in the pipeline, including offerings from Colony Capital, Apollo, Alliance Bernstein, Bayview Asset Management (which is partly owned by Blackstone Group), Ellington Management Group, Western Asset Management and AG Financial Investment Trust...

Author: /time Magazine | Title: New REITs Pounce on Distressed Mortgage Assets | 8/18/2009 | See Source »

...40th anniversary of the moon landing was the perfect opportunity to reinject space exploration into the national consciousness. So I was disappointed that you ran a human-interest piece. The astronauts' post-NASA lives are not the primary story. The Apollo program represents more than a technological feat. The audacity to go to the moon was perhaps the 20th century's greatest illustration of America's optimism. Present generations of Americans need to recapture some of that audacity. Vincent Augelli, SAN DIEGO...

Author: /time Magazine | Title: Inbox | 8/10/2009 | See Source »

...according to many energy experts - including Steven Chu, Obama's Nobel Prize-winning Energy Secretary - the science isn't there yet. Significant basic research and development needs to happen before renewables can truly displace fossil fuels. And unlike at the time of the first Apollo project, the U.S. seems far from ready to spend the money needed to create long-term solutions to global warming - which risks the country falling behind in this new scientific race toward a clean-energy economy. "If we are serious about delivering the real technological change needed to really reduce emissions, we need to scale...

Author: /time Magazine | Title: Clean Energy: U.S. Lags in Research and Development | 8/1/2009 | See Source »

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