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...bullish? Historical data indicate that consumers step up spending in the year following a recession's trough, says Canally. However, he concedes this year's snapback won't be as big as those following the last two recessions, since consumers currently face headwinds from high unemployment, the battered housing sector and frozen credit markets. "We're well into a jobless recovery, credit lines have been cut, and consumers can no longer use their houses as ATMs," he says. Nevertheless, Canally says, consumers are benefiting from last year's rebound in the stock market and higher consumer savings rate, which makes...
...scientists studying the health of Arctic sea ice, satellite observations are absolutely essential for providing the big picture. It was satellites that revealed in September 2007 a record minimum ice coverage in the region - the result of a massive summer melt. And it was satellites that showed in 2008 and 2009 the modest recovery of late-summer Arctic ice that suggested to some that the specter of a totally ice-free polar ocean might be somewhat less imminent than feared...
Still, there's always the risk of groupthink, of the marginalization of dissenting views, in a body as big as the IPCC - something critics of the group have complained about for some time. At a meeting of major developing nations in New Delhi earlier this week, Xie Zhenhua, vice chairman of China's National Development and Reform Commission, called for the IPCC's next major assessment, due in 2014, to include a broader set of scientific viewpoints. "We need to adopt an open attitude to scientific research and incorporate all views," Xie told reporters. "Scientists are waiting for the fifth...
...their ability to verbalize the discontent of the American people through humor. Leno first overtook Letterman in the ratings when he famously asked Hugh Grant, who had been recently arrested for propositioning a prostitute, “what the hell were you thinking?” Letterman scored big with his controversial joke about Sarah Palin’s daughter...
...Tigers, who have also remained unbeaten this season, are coming off of a big win against Dartmouth last Sunday. At that meet, Princeton beat the Big Green in 12 swimming events and placed no lower than second in any of the others...