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...luminaries paying their final homage to the globally celebrated star. Jennifer Hudson, Mariah Carey, John Mayer, Usher, Lionel Richie, Smokey Robinson and Stevie Wonder have all been announced as performers who will help bid Jackson farewell at L.A.'s Staples Center in a ceremony that will be broadcast live on all major networks and many cable channels as well as streamed live on websites from MySpace to MTV.com. Brooke Shields, Los Angeles Lakers star Kobe Bryant, Martin Luther King III and the Rev. Al Sharpton are also expected to take part. (Watch TIME's video "Appreciating Michael Jackson, the Musician...

Author: /time Magazine | Title: L.A. Gears Up for Star-Studded Michael Jackson Memorial | 7/7/2009 | See Source »

...mortgage holders are underwater and another 15 states where at least 15% of homeowners are. However, this sort of data does not indicate how much homeowners are underwater - or their attitudes about future home prices. If a homeowner believes house prices will recover during the time he intends to live in his house - which could easily be 10 or 15 years - then the incentive to walk away stops making sense from an economic perspective...

Author: /time Magazine | Title: Mortgage Defaults: Many Are Intentional, Study Finds | 7/7/2009 | See Source »

...social cues can play a large role in deciding to walk away. The researchers found that even though 81% of people surveyed considered it immoral to intentionally default, those respondents who said they knew somebody who had were nearly twice as likely to say they themselves would. People who live in areas with high foreclosure rates were also more likely to say they'd be willing to walk away. "Once you see everyone else doing it, maybe the stigma goes down," says Sapienza. "It's also possible that there's a multiplication effect: if I know other people are walking...

Author: /time Magazine | Title: Mortgage Defaults: Many Are Intentional, Study Finds | 7/7/2009 | See Source »

...billion metric tons. That would translate to a global individual emissions cap of 10.8 metric tons of CO2, which 1.13 billion people - less than 15% of the global population in 2030 - would exceed. Emissions-reduction efforts would focus on the well-off people above the cap, whatever country they live in. That lets the global poor continue to use cheap fossil fuels to help lift themselves out of poverty - countering the argument that cutting carbon emissions will disproportionately hurt the poor. "The result is you decouple poverty reduction from averting global climate change," says Chakravarty...

Author: /time Magazine | Title: Study: A Fairer Way to Cut Global CO2 Emissions | 7/7/2009 | See Source »

Thuras and Foer say they've both been surprised by the reception they've gotten during the site's short lifespan; high traffic forced them to beef up their server in the first week the site went live. Thuras says it's hard to say exactly why Atlas Obscura resonates with travelers, who have flocked in droves to contribute new places to the site. "I think as the world gets smaller, people are still excited to see that there's lots still to discover - and that there's still a lot of weird stuff out there," he says. The hope...

Author: /time Magazine | Title: Oddball Tourist Attractions | 7/7/2009 | See Source »

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