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...burping, belching and excreting copious amounts of methane - a greenhouse gas that traps 20 times more heat than carbon dioxide - India's livestock of roughly 485 million (including sheep and goats) contributes more to global warming than the vehicles the animals obstruct. With new research suggesting that methane emission by Indian livestock is higher than previously estimated, scientists are furiously working at designing diets to help bovines and other ruminants eat better, stay more energetic and secrete smaller amounts of the offensive gas. (See pictures of India's largest ruminant: the Asian elephant...

Author: /time Magazine | Title: Cows with Gas: India's Global-Warming Problem | 4/11/2009 | See Source »

...Gist: For months, financial forecasters have been doing everything short of suggesting we don gas masks and stockpile canned goods. But according to the sixth installment in the Boston Consulting Group's "Collateral Damage" series, the drumbeat of grim prognoses is failing to "instill a sense of urgency" into many corporations. In their survey of 439 companies with sales above $1 billion (including 86 with sales above $20 billion), the authors found that "too many companies are reacting late and with insufficient purpose." Many also show signs of inflated expectations: while 65% of companies said their industry's fortunes would...

Author: /time Magazine | Title: Downplaying the Financial Crisis | 4/10/2009 | See Source »

...nervous. Australia blocked the Minmetals deal with Oz, citing national security, forcing the Chinese firm to revise the offer to exclude a valuable gold and copper mine. And Libya exercised its option to buy Venerex Energy, a producer based in Calgary, Canada, whose biggest asset is an oil and gas field 100 miles (160 km) southwest of Tripoli. That thwarted a $390 million bid that China National Petroleum Corp. had made to acquire Venerex. Beijing hasn't done itself any favors either. It blocked--on antitrust grounds that analysts considered flimsy--a bid by Coca-Cola to buy a large...

Author: /time Magazine | Title: Buying Binge | 4/9/2009 | See Source »

There is a lot more oil and gas where that came from, if Beijing can bring itself to depend on Moscow as a supplier. The two former communist powers have never trusted each other, but new capitalist economics trumps old socialist enmity. Russia needs money, and China has $1 trillion sitting in corporate coffers...

Author: /time Magazine | Title: Buying Binge | 4/9/2009 | See Source »

...bishops' excommunication became one of the lowest moments in Benedict's papacy when it coincided with a shocking television interview with one of the bishops. Questioned on his views of the Holocaust, British-born Bishop Richard Williamson told a Swedish TV reporter that no one was killed in Nazi gas chambers and that no more than 300,000 Jews died in concentration camps, rather than the widely accepted figure of 6 million Jews exterminated. (See a graphic on the philosophical influences of the Pope...

Author: /time Magazine | Title: Schism with Lefebvrites Not Healed Yet, Says Vatican | 4/9/2009 | See Source »

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