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...financial services industry braces for tougher oversight, it's keeping its fingers crossed. "There's a lot of wariness about all forms of financial market activities and that's perfectly understandable," says Richard Metcalfe, global head of policy at the International Swaps and Derivatives Association. "There's a huge amount of political pressure to do things. Let's do it in a way that is intelligent." (See "Turning Point for the Global Recession...

Author: /time Magazine | Title: Braking the Banks | 9/28/2009 | See Source »

...debt in many countries during the crisis. And early signs suggest governments have wildly different strategies. In Germany, for example, Chancellor Angela Merkel promised tough action to bring down the budget deficit, while in France, President Nicolas Sarkozy is looking to add to the country's debt though a huge government-bond issue next year. Such divergences are already causing alarm. Unless exit strategies also address the long-term sustainability of public finance and other challenges, Stark says, "the current crisis is bound to be exacerbated by a sovereign debt crisis...

Author: /time Magazine | Title: Braking the Banks | 9/28/2009 | See Source »

...however, Borlaug found a wheat strain with a unique genetic trait: the stalk became stubby, but the seed heads would stay large. When Borlaug transferred the gene into tropical wheat, he created a plant that could yield huge heads of grain while maintaining stable growth rates. Using Borlaug's seeds, farmers could produce four times as much wheat per acre. The discovery ignited the Green Revolution that helped eradicate famine in much of the world and earned Borlaug the 1970 Nobel Peace Prize. His work saved hundreds of millions of lives, and today half the world eats grains descended from...

Author: /time Magazine | Title: Norman Borlaug | 9/28/2009 | See Source »

...totally get that the idea of injecting a tiny bit of a disease into a child is weird. It's freaked people out for more than a century, often for religious reasons, causing riots in England in the 1850s, a huge uprising in Brazil in 1904 and a polio-vaccine boycott in Nigeria in 2001. Such rebellions against vaccination typically lead to disease outbreaks that put unimmunized kids at elevated risk, and, unless someone does something to stop it, endless New Yorker stories...

Author: /time Magazine | Title: To Vaccinate or Not To Vaccinate | 9/28/2009 | See Source »

...maybe that's O.K., because the Great McMansion Repurposing has begun. People are finding new uses for huge houses that were once inhabited only by nuclear families. A film collective in Seattle has taken over one behemoth, turning the wine closet into an editing room. Outside San Diego, the former residence of a husband and wife and two kids is being converted into a home for autistic adults. Architects around the world are dreaming about what they might do if they could get their hands on such massive spaces. A group in Ohio wants to create suburban greenhouses. Another...

Author: /time Magazine | Title: Reinventing the McMansion | 9/28/2009 | See Source »

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