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The unveiling on Wednesday morning of the Senate's long-awaited draft legislation to reduce U.S. carbon emissions and shift the country to a clean-energy economy signals that Washington is inching ever closer to addressing global warming. The sweeping bill, sponsored by Democratic Senators Barbara Boxer and John Kerry...

Author: /time Magazine | Title: Proposed U.S. Carbon Cuts: All Bark, No Bite? | 10/1/2009 | See Source »

Megabank HSBC has been as much a part of Hong Kong history as Victoria Harbor, high tea at the Peninsula Hotel and martial-arts movies. Founded in 1865 as the Hongkong and Shanghai Banking Corporation, HSBC backed some of city's most important businessmen, including tycoon Li Ka-shing, and...

Author: /time Magazine | Title: Why HSBC Is Returning to Hong Kong | 9/30/2009 | See Source »

But now HSBC has realized home is where the heart - and the money - is. On Sept. 25, HSBC announced that its chief executive, Michael Geoghegan, will relocate his office back to Hong Kong in February, 2010. The decision is yet another sign of the growing economic influence of Asia. Calling...

Author: /time Magazine | Title: Why HSBC Is Returning to Hong Kong | 9/30/2009 | See Source »

HSBC isn't completely turning its back on the West. Green, the chairman, will remain in London, as will HSBC's official world headquarters. Yet HSBC's return to Asia is still an important signal of where the bank and the world economy believes it will find new growth. "The...

Author: /time Magazine | Title: Why HSBC Is Returning to Hong Kong | 9/30/2009 | See Source »

Beyond Tbilisi and Moscow, the report was welcomed as a basis for both sides to start anew. Ulrike Lunacek, an Austrian member of the European Parliament who sits on a committee focused on Georgian affairs, says it is important to look beyond mere finger-pointing. "It is not helpful to...

Author: /time Magazine | Title: Both Sides to Blame for the Georgia-Russia War | 9/30/2009 | See Source »

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