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...Unemployment, which hit of rate of 8.5% last month, is higher than it has been in 25 years, and sales taxes are plummeting. Worse, local governments on average get nearly three-quarters of their tax revenue from real estate assessments. Falling property values and rising foreclosures mean that source of revenue is drying up as well. Many local governments have built up reserves anticipating the downturn in the housing market, but Moody's says that might not be enough. "The sharpness of the housing downturn and speed of the general economic contraction will likely test the sufficiency of those reserve...

Author: /time Magazine | Title: Rising Risks in Muni Bonds Worry Investors | 4/13/2009 | See Source »

...Furthermore, extensive use of pre-natal screening presents a worrying situation in which those with wealth are able to purchase an objectively higher level of descendants than others. Selection of the most attractive traits presents a significant genetic advantage to the wealthy—more so than simply being able to afford a higher standard of medical treatment—and threatens to irrevocably exaggerate the divide between rich and poor...

Author: By Olivia M. Goldhill | Title: Million Dollar Baby | 4/13/2009 | See Source »

Especially at the university level, where each institution has its own distinct character, regulating instruction across institutional lines only discourages intellectual diversity. Moreover, each professor who develops a course can add a different ingredient to that particular field—an aspect of higher education that makes it especially unique and one for which a large degree of autonomy is essential. This is not to say that the Lumina Foundation’s new project threatens to end diversity in itself—its framers explain that educators at each individual school will retain their prerogative to design courses...

Author: By The Crimson Staff | Title: Higher Standards? | 4/12/2009 | See Source »

Last month, scientists at the Space Applications Centre in Ahmedabad in western India published a pan-India livestock methane-emission inventory, the first ever, which put the figure at 11.75 million metric tons per year - higher than the 9 million metric tons estimated in 1994. This amount is likely to increase as higher incomes and consumption rates put pressure on the country's dairy industry to become even more productive. (See pictures of China's cow town...

Author: /time Magazine | Title: Cows with Gas: India's Global-Warming Problem | 4/11/2009 | See Source »

...robust counterparts in richer countries. The typical Indian farmer is unable to buy expensive dietary supplements even for livestock of productive age, and dry milch cattle and older farm animals are invariably turned out to fend for themselves. Poor-quality feed equals poor animal health as well as higher methane production. Also, even when Western firms are willing to share technology or when Western products are available, these options are often unaffordable for the majority in India. For instance, Monensin, an antibiotic whose slow-release formula reduces methane emission by cows, proved too expensive for widespread use in India...

Author: /time Magazine | Title: Cows with Gas: India's Global-Warming Problem | 4/11/2009 | See Source »

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