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...might have seemed safe to assume that the drama of the U.N. Climate Change summit in Copenhagen had finally ended when President Barack Obama emerged from a last-minute bargaining session with leaders of major developing nations to announce a deal. Obama quickly left town, aides saying Air Force One had to rush to beat the major snowstorm bearing down on Washington. Having agreed terms with the leaders of the U.S., China, India, Brazil and South Africa - the major carbon emitters of today and, even more importantly, of tomorrow - the President would have seemed to have brought two weeks...

Author: /time Magazine | Title: Obama's Climate Compromise Leaves a Bitter Aftertaste | 12/20/2009 | See Source »

...grip of what Murren calls an "intense, very dire liquidity crisis." MGM Mirage's joint partner on CityCenter, the Dubai World subsidiary Infinity World, had sued MGM Mirage and stopped putting money into the project. Unable to find other sources of capital, the casino company was left with two choices: walk away from CityCenter or try to work out a deal with MGM Mirage's bankers. (See the 10 worst business deals...

Author: /time Magazine | Title: How Las Vegas' Opulent CityCenter Survived Dubai | 12/19/2009 | See Source »

...used to be a scholar—I’m used to reading in my field all the time,” the Civil War historian says, gesturing to a pile of books stacked on her Mass. Hall office desk. Faust had left the remaining books on the list at her home in Elmwood, Harvard’s presidential mansion. “These trips provide the occasion for some intellectual input...

Author: By Athena Y. Jiang and June Q. Wu, CRIMSON STAFF WRITERS | Title: Around the World with Faust | 12/18/2009 | See Source »

...black neighborhood, triggering nearly a week of mayhem in which 43 people died. Hundreds of buildings across the city burned. Military tanks rolled through the streets. "It was horrifying to sit on your front porch, feeling completely impotent," Cockrel recalled one recent afternoon. She defied her parents and left their home to help move many of the injured to hospitals. Within months, many whites fled Detroit - accelerating an exodus to the suburbs that had begun with the post-World War II auto-industry boom. But Cockrel's family stayed. (See the top 10 news stories...

Author: /time Magazine | Title: Detroit's Last White City Council Member | 12/18/2009 | See Source »

...Chapo (Shorty)" Guzmán, the most wanted man in Mexico. Reputed to have been childhood friends in the mountains, Guzmán and Beltrán Leyva were alleged to have trafficked together for decades before turning into deadly enemies in 2008. The subsequent turf war left hundreds of dead bodies, including Guzmán's 22-year old son Edgar, on the streets of their native state of Sinaloa. The death of Beltrán Leyva could possibly lead to an end to this battle among Sinaloan mobsters. But a strengthening of Guzmán - who is included...

Author: /time Magazine | Title: Mexico Takes Down a Drug Lord. But Will It Make Any Difference? | 12/18/2009 | See Source »

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