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...what are the sages saying now that 2010 is just around the corner? Plenty. Next year we'll see oil hit $90 a barrel (per Goldman Sachs), unemployment peak at 10.5% (Fitch Ratings), the value of the dollar with respect to the euro and yen hit bottom (Deutsche Bank), 10-year Treasuries yield more than 4% (Bank of America Merrill Lynch) and small-cap value stocks outperform all other categories (Richard Bernstein Capital Management). As for the stock market more broadly? Strategists at UBS expect gains well into the double-digits. The CEO of PIMCO sees a 10% drop...

Author: /time Magazine | Title: 2010 Financial Forecasts: A 50% Chance of Being Right | 12/21/2009 | See Source »

...deal brokered by Obama and his interlocutors lacked specific emission-reduction targets, and only included a vague pledge to attempt to keep global warming from rising above the upper safe limit of 2 degrees celsius. The dissenters also attacked the climate finance for poor countries promised in the deal - around $30 billion for the period to 2012, and $100 billion annually by 2020 - as far short of the needs of the nations hardest hit by global warming. Perhaps most of all, they were angry because the deal was struck behind closed doors by a handful of powerful nations, and then...

Author: /time Magazine | Title: Obama's Climate Compromise Leaves a Bitter Aftertaste | 12/20/2009 | See Source »

Without any other compelling candidate, the opposition parties have rallied around Fonseka as their war hero. "He was someone who could prove to be an effective counter to the popularity and the credibility that President Mahinda Rajapaksa enjoys," says Jehan Perera, Executive Director of the National Peace Council, a research and advocacy group in Colombo. (See a video about civilians caught in Sri Lanka's civil...

Author: /time Magazine | Title: The Conquerors of the Tigers Now Battle for the Spoils | 12/20/2009 | See Source »

...military president, and some political observers fear the end of that proud civilian tradition if the general is elected. Fonseka dismisses that concern, taking as his models Eisenhower and De Gaulle. If he really wanted to seize power, he asks, why give up the uniform now and "go around asking for the vote?" He says the high-handed treatment by the Rajapaksa government forced him into politics. "The government was responsible for pushing me into that," Fonseka says. "Now they have to face the music...

Author: /time Magazine | Title: The Conquerors of the Tigers Now Battle for the Spoils | 12/20/2009 | See Source »

...talks several years ago complaining that Vietnam was unwilling to use accepted scientific methods because they might not support claims of widespread exposure and health damages. They have also complained that Vietnam could do more to help its own. No one is stopping the Vietnamese from erecting fences around contaminated spots, points out a U.S. diplomat, suggesting that the Vietnamese are exploiting the issue for more aid and sympathy...

Author: /time Magazine | Title: Agent Orange Poisons New Generations in Vietnam | 12/19/2009 | See Source »

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