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...fourth quarter earnings which are coming out now and the forecasts for next year are as useless as a boat in a drought. Google (GOOG) has a quarter which was better than expected. Because it is in a fast-growing segment of the internet, it would be reasonable to assume that its trajectory would continue up. Actually, there is just as much of a chance that the slowdown in advertising spending will damage Google's business. (See pictures from Google's candid camera...

Author: /time Magazine | Title: Why Earnings Don't Matter in the Current Economy | 1/23/2009 | See Source »

Perhaps President Barack Obama shouldn't close down the Guantánamo Bay detention camp quite so fast - it might be useful for all our new Ponzi princes...

Author: /time Magazine | Title: Beyond Madoff, Ponzi Schemes Proliferate | 1/23/2009 | See Source »

Most Ponzis Addelman sees are unregistered funds, so it's often "too late for us to stop the major damage." In the new SEC case against Ossie, however, "this was ongoing and he was still getting money from investors," she says. "We had to move fast to shut it down." (See pictures of the top 10 scared traders...

Author: /time Magazine | Title: Beyond Madoff, Ponzi Schemes Proliferate | 1/23/2009 | See Source »

...recent paper that the world needed to stabilize carbon in the atmosphere at 350 parts per million (ppm) to avoid the worst effects of warming - a more stringent goal than earlier estimates, which had a target of 450 ppm. (The current concentration is 385 ppm and rising fast, up from a pre-industrial level of 280 ppm.) That would require action that is far more ambitious than currently seems possible - both in the U.S. and in the developing world, where the bulk of new carbon emissions will come. Even under Obama, the politics of climate change isn't keeping...

Author: /time Magazine | Title: Raising the Bar on Fighting Climate Change | 1/23/2009 | See Source »

...Fast Facts...

Author: /time Magazine | Title: Middle East Envoy George Mitchell | 1/22/2009 | See Source »

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