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...step closer to launching what could be the world's most advanced experiment in rainmaking - or, as it's known in weather circles, cloud seeding. That's the practice of injecting clouds, usually with silver iodide "seeds," salt or dry ice, to make the clouds' water or ice particles bigger and yield more rain. The technique has been used in different parts of the world for more than 60 years - with varying success. But the slow ramp up of weather technology - and an enduring human obsession to play with the sky - has kept the practice afloat during times of hard...

Author: /time Magazine | Title: Making Rain | 8/2/2007 | See Source »

...afternoon comments proved to be just the opening salvo before a much bigger blast later in the day. The keynote speaker for the evening dinner was Joyce Carol Oates. who delivered a lively speech about her book Boxing, preceded by a long, esoteric meander through the history of the modern essay. In the midst of her lecture, Oates appeared to make a subtle criticism of Winfrey, whose book club has had a huge effect on the book-selling business. Musing on what truth is within the context of a memoir, Oates seemed to be questioning how Winfrey could pass judgment...

Author: /time Magazine | Title: Oprah vs. James Frey: The Sequel | 7/30/2007 | See Source »

...part of the mix in many common cosmetics, as are phthalates, chemicals that have been linked to birth defects. For the average consumer, opening a bottle of nail polish once every so often is a negligible risk. But for professionals exposed to them consistently, it can be a bigger problem...

Author: /time Magazine | Title: The Worst Jobs in America | 7/30/2007 | See Source »

...some 60 miles east of downtown Los Angeles. When the real estate boom started at the beginning of the decade, the Empire?s Riverside and San Bernardino Counties stood as monuments to the American dream, affordable nesting spots for those priced out of the L.A. market. Migrant Angelenos found bigger homes on bigger lots in brand new subdivisions for as much as $100,000 less. Johnson says that in some of those developments, as many as 80% of the buyers were subprime borrowers and many of them first-time homeowners. Consequently, when interest rates started to rise, they were squeezed...

Author: /time Magazine | Title: California's Real Estate Tailspin | 7/27/2007 | See Source »

...company Unocal in 2005. Says Jing Ulrich, JPMorgan's Hong Kong-based head of China equities: "China has a wall of money - a tsunami, really - that is about to hit the rest of the world. In terms of global capital markets, there is just nothing happening that's bigger than this right now." Indeed, JPMorgan figures that if China boosts its national savings by 10% a year - a "conservative" estimate, it says - and only 5% of the total leaves China each year, by 2020 China's outbound investment from individuals and corporations alone (not including money from the recently formed...

Author: /time Magazine | Title: Enter the Dragon: China's Investments | 7/26/2007 | See Source »

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