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...invested $165 billion in 88 institutions, according to Treasury's website. That does not include the $40 billion the government has promised to shore up ailing insurer AIG or an additional $20 billion in funding for Citigroup, which was approved in late November when the financial giant appeared to be near failure...

Author: /time Magazine | Title: Treasury Investments Already $16 Billion in the Red | 12/11/2008 | See Source »

...survey of 4,500 captive elephants worldwide, a team of researchers from the U.K., Canada and Kenya found that once you lock up the giant, space-loving beasts, their health suffers, their median life span plummets, and they quit breeding - the last things you would want for a creature you're ostensibly trying to help survive. "Whether or not it's valid to say zoos keep species alive depends on which species you're talking about," says animal-welfare scientist Georgia Mason of the University of Guelph in Ontario. "Many species do well. Elephants don't." (See TIME...

Author: /time Magazine | Title: Free Dumbo! Zoos Are Bad for Elephants | 12/11/2008 | See Source »

...book's most moving story, "Distant Rain," is done entirely as a simulated collage, with drawings of little scraps of imagined private poetry - the poems that people "never let anyone else read." One night, they come together into a giant ball, which levitates over the city before breaking up and showering back down to earth as a new kind of precipitation. In the morning, everyone discovers a random fragment, containing "various faded words pressed into accidental verses." And to each reader they "whisper something different," touching lives with a "strange feeling of weightlessness...

Author: /time Magazine | Title: A Brush with The Burbs | 12/11/2008 | See Source »

...labs of steel giant ArcelorMittal in Belgium, for example, researchers are trying to develop thinner, stronger steel that can replace plastic in washing machines and other appliances. They're also experimenting with coatings that are eco-friendly and more effective in fighting corrosion. Dulux Trade, the paint subsidiary of Netherlands-based chemical firm AkzoNobel, this year started selling a new type of paint called Ecosure that sharply reduces the amount of embodied carbon and other so-called volatile organic compounds--and is being heavily marketed as "a new era in sustainability and performance." At the R&D center of French...

Author: /time Magazine | Title: Cementing the Future | 12/11/2008 | See Source »

...spent more than 20 years, eventually becoming its CEO, carried out a series of rapid-fire changes. He emphasized, for example, fixed-price sales over auctions and got his mitts on the hands-off approach that has defined eBay for years. Many wonder whether the 12-year-old auction giant will emerge with the same DNA once Dennis the Menace departs. "Donahoe has introduced more changes in the last six months than we've seen in the last six years," says Jack Sheng, chief executive of Eforcity Corp., an electronics company and top seller on eBay. "Many are long overdue...

Author: /time Magazine | Title: eBay Bids for Revitalization | 12/11/2008 | See Source »

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