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...British Prime Minister Gordon Brown said that, despite the cost of going green, governments and citizens would save in the long run from the switch to cleaner energy. And European Commission President José Manuel Barroso warned that Europe was in danger of missing the big picture. "This is not a luxury we now have to forego," he said. "Climate change does not disappear because of the financial crisis...

Author: /time Magazine | Title: Is Europe Backsliding on Climate-Change Targets? | 10/16/2008 | See Source »

...even if the E.U. can still honor the spirit of its climate change commitments, they might have to be scaled down, according to Simon Tilford, chief economist at the London-based Centre for European Reform (CER). "It was always going to be tough, but it is now much, much harder," he says. "It would be too pessimistic to say the whole agenda will be derailed. But it is difficult to see how it can be kept on track in its current form...

Author: /time Magazine | Title: Is Europe Backsliding on Climate-Change Targets? | 10/16/2008 | See Source »

...this: it's not that people want to own dollars, its just that they want to own the alternatives even less. There's certainly nothing mysterious about the dollar's recent strength against the euro. Between July 1, 2006, and July 1, 2008, the dollar lost 19% against the European currency because the Continent's economies were outpacing America's. That's changed as Europe grapples with its own banking calamities and slumping markets - hence the dollar has bounced back after a very...

Author: /time Magazine | Title: Why the Buck Has Pluck | 10/16/2008 | See Source »

...tacit admission of the state capitalists' success, Western leaders are copying their tactics. After blasting Moscow for forcing its petroleum industry into state hands, Western European states are rushing to nationalize their biggest banks. After America criticized China for using state loans to support its leading companies, the Federal Reserve has started handing out loans to critical U.S. companies...

Author: /time Magazine | Title: Central Command | 10/16/2008 | See Source »

...space exploration. Since 1996, the U.S. alone has launched no fewer than nine spacecraft Marsward, and seven have arrived in one piece--an extraordinary success rate for a planet that historically had been a bit of a graveyard of failed missions. Currently, six ships--five American and one European--are at work on Mars, and a handful of others sleep peacefully on the surface or orbit silently above, their missions completed and their systems exhausted. While a lot of the work the spacecraft do is the quiet business of spelunking and air-sampling that thrills mostly space geeks, in recent...

Author: /time Magazine | Title: Mars: Pop. 6 | 10/16/2008 | See Source »

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