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Zookeepers and policymakers who aren't moved by all this suffering might instead be convinced by the simple fact that it costs a fortune to keep elephants so miserable. In the past 10 years, zoos have spent or committed to spend about $500 million to build or upgrade enclosures designed to improve the lives of 250 animals - but nothing so far suggests that does much to improve captive elephants' health or longevity. In Kenya, on the other hand, the wildlife service has an annual budget of just $20 million to look after tens of thousands of elephants. What's more...

Author: /time Magazine | Title: Free Dumbo! Zoos Are Bad for Elephants | 12/11/2008 | See Source »

...women in their 20s - sit side by side in booths and field calls from Russians wanting to borrow money. Most of the time the answer they give is a resounding yes. Owned by the French bank Société Générale, Rusfinance is aiming to build a massive presence in Russia. Back in Paris, SocGen's chief executive Frédéric Oudéa even talks about Russia becoming the bank's second biggest market after France...

Author: /time Magazine | Title: Russia's Big Chill | 12/11/2008 | See Source »

Next Donahoe clamped down on fraud to build trust to keep customers coming back. "In the Meg Whitman days, eBay didn't have any customer service," says Lindsay of Sanford C. Bernstein. "If something went wrong, it was tough luck, buddy." Today if a buyer pays for the transaction through PayPal--a payment company owned by eBay that has seen tremendous growth--the sale is guaranteed for the full price...

Author: /time Magazine | Title: eBay Bids for Revitalization | 12/11/2008 | See Source »

...hear are calls for more of the money-printing, spending and subsidies that created this mess. So I choose my great teacher, Ludwig von Mises, champion of the Austrian School of economics, who taught us how a central bank like the Fed causes booms and busts and how to build prosperity through sound money and economic freedom...

Author: /time Magazine | Title: Person of the Year | 12/11/2008 | See Source »

...would we want to build skyscrapers filled with lettuce when we've been farming on the ground for 10,000 years? Because as the world's population grows--from 6.8 billion now to as much as 9 billion by 2050--we could run out of productive soil and water. Most of the population growth will occur in cities that can't easily feed themselves. Add the fact that modern agriculture and everything associated with it--deforestation, chemical-laden fertilizers and carbon-emitting transportation--is a significant contributor to climate change, and suddenly vertical farming doesn't seem so magic beanstalk...

Author: /time Magazine | Title: Vertical Farming | 12/11/2008 | See Source »

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