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...York Times Co., management put on mourning clothes for their earnings call. Revenue fell a little over 18%, which was closer to Yahoo!'s drop than champions of Internet advertising would like. Advertising revenue killed the newspaper company's sales by dropping 27%, to $335 million. Fans of paying for content will note that subscriber revenue was up 1%, to $229 million, but that money came from people buying physical papers and not online content. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: Yahoo!'s Earnings Drop: New Media Suffering like Old | 4/22/2009 | See Source »

...panel have a right to know how Treasury defines success. For many it is difficult to discern." That was the most pertinent question during the proceedings and the one Geither least wanted to answer. So, he did not. He had learned the lesson that transparency only leads to a call for more transparency and then there is no end to explaining what should be explained to Congress and taxpayers about how the billions of dollars meant to rescue the financial system are being used...

Author: /time Magazine | Title: Tim Geithner Thumbs His Nose at Congress | 4/22/2009 | See Source »

...high even though the S&P 500's actual, realized volatility would have been identical. Volatility is symmetric to market rises and falls, but the VIX is not. Reason: A falling market scares traders into buying put options, but a rising market doesn't equally scare traders into buying call options...

Author: /time Magazine | Title: The Volatility Index Is Falling: A Bullish Sign? | 4/22/2009 | See Source »

...smart meters will be the cornerstone of the program, which is called Energy Smart Miami. While conventional meters do little more than count up the kilowatts sent to a building - they're one-way devices, which means that if a home loses power, the utility doesn't know about it until they receive a phone call - smart meters will communicate two ways, like a computer, allowing utilities to keep precise tabs on their power flow and customers to go online and monitor exactly how much electricity they're using at any given time, by the month, day or hour. Better...

Author: /time Magazine | Title: Miami's Smart Grid: A Blueprint for the Power Future | 4/22/2009 | See Source »

...legendary Jacques Cousteau, oceanographer Jean-Michel has followed in his father's footsteps. Call of the Killer Whale, the latest entry in his environmental series Jean-Michel Cousteau: Ocean Adventures airs Earth Day, April 22, on PBS. Cousteau spoke to TIME about orcas, building cities underwater and dealing with his very famous last name. (Read "Will Killing Whales Save the World's Fisheries...

Author: /time Magazine | Title: Jean-Michael Cousteau on Killer Whales | 4/22/2009 | See Source »

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