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...automakers to make the serious reforms (closing factories and dealerships and cutting union wages and benefits) necessary to make them truly competitive with foreign competition. But Zandi stated what many experts believe, that bankruptcy for the already ailing automakers would mean only one thing: total liquidation and a potential loss of hundreds of thousands, or even millions, of jobs. "Bankruptcy at this point would be cataclysmic for the economy," he stated plainly...

Author: /time Magazine | Title: Big Three Bailout Hits Some Speed Bumps in Washington | 12/4/2008 | See Source »

...greenhouse gases spewed into the air from cars, power plants and factories. When trees are cut down or burned, that carbon is put back into the atmosphere, accelerating climate change. At least 20% of annual global carbon emissions come from deforestation. If we can't stop forest loss, we'll struggle to stop climate change. That fact was recognized by the British government's recent Eliasch Review on forestry, which estimated that failure to halt deforestation could increase the cost of damages caused by global warming by $1 trillion annually by 2100. "If we're going to solve climate change...

Author: /time Magazine | Title: Green Banks: Paying Countries to Keep their Trees | 12/4/2008 | See Source »

...venture. The epic is based on her experiences as a wife whose spouse was diagnosed with cancer. While caring for her husband, Leighton, in a Wales hospital, Lewis spent long periods of time taking in both the details of her environment and the nature of a period of potential loss. “A Hospital Odyssey” reads like a traditional epic, albeit with a modern bent: in meter, straightforward, and descriptive of action. She wrote, “Vials of blood were being analyzed next door. A robot shook them, thick as mud.” Although Lewis...

Author: By Paul C. Mathis, CONTRIBUTING WRITER | Title: Poet Probes States of Mind | 12/3/2008 | See Source »

Yesterday’s figure dwarfs Harvard’s worst single-year endowment loss of 12.2 percent in 1974. The endowment has clocked only three years of negative returns, all under three percent, in the subsequent three decades...

Author: By Clifford M. Marks and June Q. Wu, CRIMSON STAFF WRITERSS | Title: Harvard Endowment Fell 22 Percent in Four Months | 12/2/2008 | See Source »

...been my experience and my observation that what is happening in Afghanistan is a loss of momentum in terms of addressing the issues of narcotics, which permeates the society, corrupts a generation of Afghans, prevents the legitimate growth of economic reform and, perhaps more insidiously, funds the insurgency by virtue of the tremendous revenues that they're able to generate - and it certainly prevents the influence of the government from expanding." - Testifying before the Senate Foreign Relations Committee, on the lack of progress the U.S. and its allies are achieving in Afghanistan...

Author: /time Magazine | Title: James Jones Jr. | 12/1/2008 | See Source »

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