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...nations that made the mess can't tell the developing world not to develop, but he also warned that China is on track to emit more carbon in the next three decades than the U.S. has emitted in its history; that business as usual would intensify floods, droughts and heat waves in both countries; that greenhouse gases respect no borders. This earth, he concluded, is the only one we've got; it would be illogical and immoral to fry it. "Science has unambiguously shown that we're altering the destiny of our planet," he said. "Is this the legacy...

Author: /time Magazine | Title: Can Steven Chu Win the Fight Over Global Warming? | 8/23/2009 | See Source »

...good news of a new Industrial Revolution - to Americans and Chinese, through Facebook and PowerPoint. If White House energy czar Carol Browner is the little-seen Ms. Inside, Chu is Mr. Outside, mixing plain English with arcane data to make the case for twisty lightbulbs, white roofs, geothermal heat pumps, electric cars, advanced research and carbon-pricing. He sounds like Al Gore but with unimpeachable scientific credentials, a nonpartisan aura and a rumpled charm. At 61, he still radiates boyish impatience as well as boyish enthusiasm, with a megawatt smile that appears without warning...

Author: /time Magazine | Title: Can Steven Chu Win the Fight Over Global Warming? | 8/23/2009 | See Source »

...partitioned into about 10 cubicle dwellings, many with a shared toilet and shower in the corner. Most residents are the working poor, others are mentally ill, elderly, children and the occasional drug addict. Beyond the dwellings' crushingly small size, residents must battle poor hygiene, exposure to electrical wires and heat during the extremely humid summer months. It's difficult to pinpoint an accurate number of people living in conditions like Lau's because many live in private tenements, but social workers estimate at least 100,000 people live in inadequate housing, a category that includes cubicle, cage, rooftop and partitioned...

Author: /time Magazine | Title: As Recession Eases, No Escape for Hong Kong's Cage Dwellers | 8/21/2009 | See Source »

Since his return, hundreds of supplicants have arrived at his sprawling residence, known as "the castle," seeking an audience with the general. The fact that the courtyard's swimming pools were empty despite the 100-plus degree heat were testament to the suddenness of the warlord's reappearance. As his militiamen kept guard, townspeople expressed their enthusiasm for Dostum's return. "Our homes are safe because of the general," says Sharif Qaridyar, the manager of a busy ice cream parlor. "People in the south who say bad things against him should look at where they live." A laminated poster...

Author: /time Magazine | Title: The Warlord Who Is Key to Karzai's Victory | 8/19/2009 | See Source »

First, if a tsunami of private-equity players and REITs jump into the sector, competition for assets will heat up, which could drive prices up. If this happens, potential profits will shrink, says Tom Fink, senior vice president of Trepp LLC, a commercial-mortgage-research firm...

Author: /time Magazine | Title: New REITs Pounce on Distressed Mortgage Assets | 8/18/2009 | See Source »

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