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...which totaled $5.43 billion, down 4.6% from $5.69 billion a year ago. Analysts had been expecting revenue growth. Investors subsequently dumped shares, causing the stock to plunge 11%, its worst one-day drop since last March. "The reaction [to Alcoa's miss] is a reflection of what's to come," says Cass. "Welcome to 2010, where scrutiny and reckoning and ramifications are in vogue and giving people the benefit of the doubt is very last year...
...Australia who represent more than $13 trillion in assets called for Congress and other policymakers to take swift action, principally through a cap-and-trade bill, which would limit the amount of carbon industry can produce and allow manufacturers to buy and swap credits, so that those who come in under the limit can sell polluting permits to those who exceed it. It's speculative capitalism with a bright green tint. For the idea to work, the private-investment community needs TLC from government policy: transparency, longevity and certainty. "That's what investors are looking for," says Kevin Parker, global...
...carbon dioxide gets most of the attention when it comes to greenhouse gases, but it's not the only one that's warming the earth. Methane - a gas that is found in everything from landfills to cow stomachs - also plays a big role. Although global methane-emissions levels are much lower than CO2 emissions, pound for pound methane is a more powerful greenhouse gas; a ton of it has 23 times the warming effect of a ton of CO2. And methane, like CO2, is on the rise thanks to us: about 60% of global methane emissions come from man-made...
...Open conflict, of course, is unlikely given the scale of economic integration in Southeast Asia. Sino-Vietnamese relations in most arenas are as robust as they've ever been. But observers are concerned that governments have yet to come up with an effective way to arbitrate this maritime dispute. In 2002, China signed a code of conduct with the Association of Southeast Asian Nations (ASEAN), of which Vietnam is a member, pledging to refrain from activities that would destabilize the fragile status quo in the South China Sea. Few parties have kept to the spirit of the agreement. The Spratlys...
...Rosenberg went for his weekly bike ride, receiving a phone call from the killers during which he gave them final instructions. He waited five minutes on a grassy patch near a gangly group of bougainvilleas for the hit men to come and kill him. In the days leading up to his death, Rosenberg bought a grave site for himself and one for Marjorie Musa. He left his law firm, turning over control to his law-student son. And he purchased a beach house on Guatemala's Pacific coast for his family, according to investigators and family members. "For someone like...