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...mortgages, their maximum potential profit will go down. For a 30% decrease in principal, the math works out to some $3 trillion potentially lost on residential mortgages as of mid-2008, according to the Federal Reserve. But if Americans keep defaulting on these mortgages and asset values continue to crash, the total loss to the financial world will be far greater than $3 trillion...

Author: /time Magazine | Title: A Better Bank Fix: Cut Every Mortgage's Principal | 2/13/2009 | See Source »

True killer collisions occur not when spacecraft traveling in the same band or orbital plane bump each other but when there's a full-blown crash between two ships in different planes - say, between one ship in an orbit that carries it over the U.S. and Central Asia, and another in an orbit that carries it over Western Europe and Eastern Asia. That's what happened on Tuesday...

Author: /time Magazine | Title: How Much Is Too Much Space Junk? | 2/13/2009 | See Source »

...like acid rain--simply won't be enough for global warming. The scale of the climate crisis is too vast, and the world's growth too rapid. What's needed is technological innovation, green solutions as yet undreamt of, to utterly remake the way people use energy. Masdar's crash greening may be the future. "This is real, and it shows that they are thinking ahead in a constructive way," says Nicholas Stern, an influential British economist and advocate for action on climate change. "I'm very optimistic that this is happening." Given the challenge, the world needs...

Author: /time Magazine | Title: Abu Dhabi: An Oil Giant Dreams Green | 2/12/2009 | See Source »

...contrast, more recent recessions have not had a marked effect on suicide rates, which in the U.S have been running at about 11 per 100,000 (and shown a slight overall decline during the last two decades of relative prosperity). (See pictures of the stock market crash...

Author: /time Magazine | Title: Suicides: Watching for a Recession Spike | 2/9/2009 | See Source »

...Monday evening's death, earlier than doctors had predicted, of the latest cause celebre in the battle over euthanasia and a person's right-to-die. Eluana Englaro, a 38-year-old Italian woman, who had been in a vegetative state since suffering irreversible brain damage in a car crash 17 years ago, died four days after doctors in the northern city of Udine began to cut off food and water. Her father Beppino, who had won a decade-long legal battle to carry out what the family says was the young woman's wish never to be kept alive...

Author: /time Magazine | Title: A Controversial End to Italy's Own Terri Schiavo Case | 2/9/2009 | See Source »

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