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...long stocks hold those positions in the face of the threat from H1N1 remains to be seen. The fact that shares hit hard early had regained lost ground Monday suggests markets had earlier "responded in the time honored fashion," says Howard Wheeldon, senior strategist at BGC Partners in London, namely with "a degree of overreaction...

Author: /time Magazine | Title: Swine Flu Virus Infects World Stock Markets | 4/27/2009 | See Source »

...health officials have repeatedly emphasized, with good reason, the swine flu situation is evolving rapidly, and more lab tests are needed to ascertain exactly what is going on in Mexico and elsewhere. "We want to make sure we're on solid ground," said Fukuda, a highly respected former CDC official and flu expert...

Author: /time Magazine | Title: Swine Flu: 5 Things You Need to Know About the Outbreak | 4/27/2009 | See Source »

...reveals that a thin layer of iridium was deposited pretty much everywhere in the world. Iridium is an element that's rare on Earth but common in asteroids, and a fine global dusting of the stuff is precisely what you'd expect to find if an asteroid struck the ground, vaporized on impact and eventually rained its remains back down. Below that iridium layer, the fossil record shows that a riot of species was thriving; above it, 65% of them went suddenly missing. (Read about China's dinosaur fossils...

Author: /time Magazine | Title: Maybe an Asteroid Didn't Kill the Dinosaurs | 4/27/2009 | See Source »

Keller's and Addate's species samplings are not, of course, conclusive, and plenty of other surveys since 1978 do tie the extinctions closely to the asteroid. But since the new digs were so close to ground zero, the immediate species loss ought to be have been - if anything - greater there than anywhere else in the world. Instead, the animals seemed to escape unharmed. Other paleontologists, however, believe that the very proximity of El Peñón to the impact site makes the results even less reliable. Earthquakes and tsunamis that resulted from the collision could have wrought havoc...

Author: /time Magazine | Title: Maybe an Asteroid Didn't Kill the Dinosaurs | 4/27/2009 | See Source »

...limitations of both equipment and men became obvious during Russia's five-day war with Georgia last August. Despite Russia's superior firepower and its bigger army, its ground offensive was not the overwhelming success it should have been. Moscow's military arsenal lacked anything to match Georgia's Israeli-made spy drones, according to Paul Holtom, senior researcher at the Stockholm International Peace Research Institute (SIPRI). Indeed, Russian troops operated with no modern surveillance or night-vision equipment at all, according to Russian Duma hearings last October. Says Vadim Kozyulin, head of the conventional-arms program at the Center...

Author: /time Magazine | Title: Russia Rearms | 4/27/2009 | See Source »

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