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Financial stocks - banks, brokers, asset managers - led the stock market down earlier this year, and almost left the stage as many shares sank into single digits. In recent weeks, however, the group has reversed course, rallying strongly, and even led the market to a robust gain on Monday, with the Dow rising 235 points. So is this the sign of a true financial-stock recovery, or a seductive bear trap? TIME contributing editor John Curran caught up with Oppenheimer & Co. chief investment strategist Brian Belski, who was in Tel Aviv on Monday, to get his view on banks...
...policy, which was worked out between Washington, state governments and the auto industry, will require automakers to meet a minimum fuel-efficiency standard of 35.5 miles a gallon by model year 2016 - four years earlier than Congress currently requires. Not only could the move potentially kick-start the sputtering U.S. auto industry, while saving the equivalent of some 1.8 billion barrels of oil, it also raises hopes that the Obama Administration will be able to forge a compromise on the tricky matter of a national cap on greenhouse-gas emissions. "It's an enormous breakthrough for national legislation," says Vickie...
...Autism Genetic Resource Exchange (AGRE), a resource of DNA from 2,000 families with at least one autistic child. The scientists focused on the more than 1,000 genetic samples of families in which at least one son was affected by the disorder, prompted by the results of an earlier study using the same database, which identified a rich autism-related genetic region on chromosome 17 that contained genetic variants more common in boys than in girls. While nearly 40% of the general population has the most common form of CACNA1G, one variant of the gene was more prevalent...
...Earlier this year, Libera and FAADA mounted a campaign to encourage the Barcelona city government, which oversees the zoo, to transfer Susi to a safari-type institution where she would have more space and would be able to join a herd. But their efforts received little notice until they let it be known that both José Saramago, the Nobel Prize-winning Portuguese novelist, and Sofia, Queen of Spain, had interceded on Susi's behalf. For her part, the Queen, who has long championed animal rights and is herself a vegetarian, forwarded the organizations' letter to the city government, urging...
...elected Premier that is the cornerstone of U.S. policy in the region. Netanyahu objects, partly because of his own convictions and partly because his right-wing coalition partners oppose a Palestinian state. At the White House, Netanyahu did his usual tiptoe around the words "two-state solution," repeating his earlier mantra: "We don't want to govern the Palestinians. We want them to govern themselves...