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...June data showed just how determined the Chinese government is to implement effective monetary countermeasures to fight the downturn. As Peking University finance professor Michael Pettis says, China is "throwing everything including the kitchen sink'' at the problem. There is no question that as a result of the flood of financing, a lot of Chinese have jobs they otherwise wouldn't. But, as Grant's Interest Rate Observer, an influential Wall Street newsletter, points out in its latest issue, "Massive injections of money and credit ... are always bullish before they are bearish." The newsletter draws worrying parallels between China...

Author: /time Magazine | Title: Can China Save the World? | 8/10/2009 | See Source »

...attack begins. Because DDoS utilizes multiple computers from multiple locations - and because hackers may use their network for only a single attack - there's no way to protect against a seemingly random array of computers suddenly going rogue. Once the attack begins, websites can try to trace the sudden flood of traffic back to the source computer and filter it out, but even that's a complex process. Internet service providers say they're rarely able to identify the master computer behind a DDoS attack...

Author: /time Magazine | Title: How Did Hackers Cripple Twitter? | 8/6/2009 | See Source »

...order to receive federal reimbursement for the subsidy consumers get for trading in their cars, dealers must first destroy the engine. One common method is to drain the car's oil and flood the engine with sodium silicate, or liquid glass. Dealers then turn the car on and rev the engine to let the solution harden. In just a few minutes, the car becomes inoperable. (Read "How Bad Are Auto Sales? 10 Questions and Answers...

Author: /time Magazine | Title: What Happens to the Clunkers Traded In? | 8/4/2009 | See Source »

...could stunt the growth of these nations. However, countries such as India and Bangladesh also have the most to lose from the effects of climate change. The developing world will face the overwhelming brunt of global warming’s repercussions, bearing the burden of everything from drought to flood, population dislocation, wars over natural resources, and border disputes...

Author: By Ravi N. Mulani | Title: Forging a Global Climate Deal | 8/4/2009 | See Source »

...young person and a conservative is such a rare combination these days it approaches an act of defiance. Voters in their teens and 20s backed President Barack Obama by a 2-to-1 ratio over John McCain last year, amid a flood of support from musicians, movie stars and other youth icons. Late-night TV hosts lampoon Sarah Palin and Dick Cheney as punch lines while MTV throws support to left-leaning causes like gay marriage. But hundreds of young people with a different perspective are flocking to Washington, D.C., for the Young America's Foundation's 31st annual National...

Author: /time Magazine | Title: Young and Conservative in the Age of Obama | 8/4/2009 | See Source »

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