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...data showed that as the Pacific Ocean has warmed over the past several decades - part of the gradual process of global warming - low-level cloud cover has lessened. That might be due to the fact that as the earth's surface warms, the atmosphere becomes more unstable and draws up water vapor from low altitudes to form deep clouds high in the sky. (Those types of high-altitude clouds don't have the same cooling effect.) The Science study also found that as the oceans warmed, the trade winds - the easterly surface winds that blow near the equator - weakened, which...

Author: /time Magazine | Title: In a Warming World, Cloudy Days Are a Boon | 7/24/2009 | See Source »

...invest in dollar assets. This is why China, which holds $805 billion in U.S. Treasury securities, is the U.S.'s largest creditor. But this dollar hoard makes China's national wealth vulnerable to the whims of Washington's economic management. One of the reasons Beijing has been urging a gradual reduction in dollar dependence is the massive losses China could suffer if the value of the greenback was to erode as a result of U.S. deficit spending. (Read "China Takes a Small Step Away from the Dollar...

Author: /time Magazine | Title: China's Plans for Replacing the Dollar | 7/21/2009 | See Source »

...miles from a city really so evil? There's nothing evil about wanting a big house. I think we all harbor that kind of instinct. But it's a desire that will be indulged by fewer of us in the future. The deterioration of the exurbs will be a gradual process - one that takes decades - but it will happen. Housing values in these places will decline and it will certainly affect people. But it won't be any different than, say, the kinds of erasures of equity we saw over decades in places such as Detroit. The difference this time...

Author: /time Magazine | Title: How the Coming Rise in Gas Prices Will Change the World | 7/15/2009 | See Source »

...California, Sokhoeun needs every penny of financial aid she can find. And that aid is almost certain to be cut in the coming round of budget slashing. The Cal Grant program is on the chopping block as Gov. Schwarzenegger proposes the elimination of grants for incoming freshman and the gradual phasing out of the program. Now Sokhoeun and thousands of outstanding students - the human capital for California's future economic growth - stand to see their dreams dashed...

Author: /time Magazine | Title: California's Budget Crisis: Is There a Way Out? | 7/2/2009 | See Source »

...costs money to make that kind of investment, and the cuts the President has proposed include a $106 billion gradual reduction in the payments that hospitals receive for treating high numbers of low-income and uninsured people. The Administration says that as more people get good health-insurance coverage, hospitals will need less of these hardship payments. This makes sense in theory, even to the AHA, but any candid hospital executive will readily admit that facilities use such payments to make up for financial shortfalls in lots of places, most notably EDs. Says Umbdenstock: "Without these extra payments, it would...

Author: /time Magazine | Title: Starting Health-Care Reform in the ER | 6/19/2009 | See Source »

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