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...that the problem of piracy off Somalia's coast that has lately had the country back in the headlines. Piracy is driven by poverty, and the frustration at seeing the world's fishing fleets plunder your waters, while the global economy, in the form of heavily laden container ships transiting the Suez Canal, quite literally pass you by. Killing pirates, as an international armada now gathering off Somalia aims to do, doesn't address that. It might briefly deter them, but it doesn't address the root cause of the problem...

Author: /time Magazine | Title: After Ethiopia Exit, What Next for Somalia? | 1/14/2009 | See Source »

...course, that Detroit is on its knees. But Stuttgart, Tokyo and Seoul aren't faring particularly well either. Toyota's U.S. sales were off 16% last year. Yet Subaru was positive to the tune of 491 cars. The company sold 187,699 vehicles last year, led by value-driven models like the Forester SUV and Outback wagon ($19,995 to $22,295) and the muscled-up Impreza WRX ($24,995), a small sedan. (See pictures of the remains of Detroit...

Author: /time Magazine | Title: Subaru: A Rare Bright Spot Amid Automakers' Gloom | 1/13/2009 | See Source »

...engine decreases the “reliance on car trips, pulp and paper” because, before the Internet, “answering a query meant traveling to the reference desk of your local library.” Hölzle added that “the average car driven for one kilometer (0.6 miles for those in the U.S.) produces as many greenhouse gases as a thousand Google searches.”Hölzle also claimed that Google has “designed and built the most energy efficient data centers in the world...

Author: By Ellen X. Yan, CRIMSON STAFF WRITER | Title: Fellow Caught Up in Media Controversy | 1/13/2009 | See Source »

...study's deeper implication, according to Coates, may be for economic principles. "Efficient-market theory harbors the assumption that if you're not rational ... you'll be driven out of business," he says. "It's clear that traders aren't rational. They can be. But whether they're rational or not really depends on how they interpret information. It depends on the amount of steroid in the system." For anyone trying to come to terms with the global economic slowdown and the financial-market ruin that caused it, that ought to be little comfort...

Author: /time Magazine | Title: Successful Traders: The Testosterone Effect | 1/12/2009 | See Source »

...carrier has fallen. On flights during the 1960s, stewards used to display the prized (though necessarily small) works by such painters as Futurist avatars Giacomo Balla and Gino Severini for the pure aesthetic pleasure of its passengers; these days, a reputation for poor service is part of what has driven the company to the brink of collapse...

Author: /time Magazine | Title: Why Air France-KLM Bought 25% of Alitalia | 1/12/2009 | See Source »

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