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...improved even though demand for a company's products may have slumped. "Cost-cutting has been the major force driving earnings and earnings surprises," says Dirk Van Dijk, chief equity strategist at Zacks Investment Research, which monitors earnings projections from Wall Street analysts. And "clearly companies cannot continue to grow earnings forever based only on cost-cutting." (See 10 things to buy during the recession...

Author: /time Magazine | Title: Big Earnings Gains May Not Lift Stocks | 1/15/2010 | See Source »

...latest evidence for that assertion comes in a study just published in the journal Forest Ecology and Management, in which Finnish researchers looked at how the northern forests will respond as the growing season gets longer. In the current climate, says lead author Anna Kuparinen, of the University of Helsinki, pine and birch trees in the northernmost parts of Europe are stunted, in part because they have less time to grow each year than their more southerly counterparts. They've also evolved mechanisms that protect them from the harshest cold. "They actually stop growing before the frost comes," says Kuparinen...

Author: /time Magazine | Title: Even Plants May Not Like a Warmer World | 1/15/2010 | See Source »

...this is only the latest in a long line of modeling studies and experiments that show how complicated the climate-vegetation connection can be. When you double the CO2 in greenhouses where wheat or soybeans are growing, for example, the plants grow bigger by an average of 20-40%. But things get messier when scientists add CO2 to plants growing in real-world conditions. In a set of experiments called the Free-Air Carbon-dioxide Enrichment project, or FACE, investigators have been introducing CO2 into the air in experimental fields and forests around the world. The result is that some...

Author: /time Magazine | Title: Even Plants May Not Like a Warmer World | 1/15/2010 | See Source »

Climate change will, moreover, lead to different effects in different parts of the world. "In northern areas," says Lobell, "you'll see an expansion of the growing season" - which, if the Finnish study is correct, won't necessarily help forests, but could be good for crops, since you can deliberately plant seeds that are suited to long summers. But in arid parts of the tropics, he says, where plant growth is limited by the availability of water, more frequent droughts could make things worse. "Large parts of the world," says Field, "are already at the warm edge of where things...

Author: /time Magazine | Title: Even Plants May Not Like a Warmer World | 1/15/2010 | See Source »

...Oleanna seemed to grow out of the authentic passions of a particular time (just after the Clarence Thomas hearings), when sexual harassment and political correctness were ripe issues. Race, by contrast, seems like a relic of another era. The advent of Barack Obama may not have invalidated Mamet's cynical view of race relations, but it has made it seem shockingly glib and opportunistic. "This isn't about sex. It's about race," goes the exchange that brings down the curtain in one scene. "What's the difference?" Make sense of that line, and you just might be able...

Author: /time Magazine | Title: The Downward Spiral of David Mamet | 1/11/2010 | See Source »

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