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But here's my assessment: So what? A recession is defined by the Business Cycle Dating Committee of the National Bureau of Economic Research, the semiofficial arbiter of such matters, as a "significant decline in economic activity spread across the economy." It's certainly better for economic activity to be...

Author: /time Magazine | Title: A Fun-Free Recovery | 6/29/2009 | See Source »

First of all, it's important to understand what the climate-change bill does and doesn't do. The bill includes a raft of energy-efficiency provisions and a renewable-energy standard that will require 20% of all U.S. electricity to come from alternative sources by 2020. Chiefly, though, Waxman...

Author: /time Magazine | Title: What the Energy Bill Really Means for CO2 Emissions | 6/27/2009 | See Source »

The answer is wind power, the technology that has become synonymous with going green. Companies that started out small, like Denmark's Vestas and India's Suzlon Energy, have become multinational giants selling steel and fiberglass wind turbines; even blue chippers like General Electric have identified wind power as a...

Author: /time Magazine | Title: Can Wind Power Get Up to Speed? | 6/23/2009 | See Source »

In 1989, Peter L. Bernstein was 70 and had led a full life. An intelligence officer during World War II, he later taught economics, ran an investment firm and edited the wonky but influential Journal of Portfolio Management as a flood of new academic research transformed investing in the 1970s...

Author: /time Magazine | Title: Peter L. Bernstein | 6/22/2009 | See Source »

That may not seem all that surprising for such a closed society as North Korea's, now locked in a heated standoff with the West over both its nuclear-weapons program and its jailing of two U.S. reporters. But even amid those tensions, the Hermit Kingdom is trying to stimulate...

Author: /time Magazine | Title: North Korea Tries to Ramp Up Tech Infrastructure | 6/22/2009 | See Source »

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