Word: maying
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...housing slump. Under the program, which received a provisional patent from the U.S. Patent and Trademark Office last month, the developer or homebuilder must give 20% of the purchase price to Herzberg's group as a fee for the put option - a payment that many developers may be reluctant to cough up. "20% is astronomically high!," says one analyst, who did not wish to be named. "What builder would give away 20% when they're doing 5% or 10% [pretax] margins? If they gave away 20% of the house price, they'd lose money on every house." He sees...
...there may still be hope for the species. On Wednesday the Obama Administration announced that it would support a proposed ban on international trade of the Atlantic bluefin tuna at the upcoming meeting of the Convention on International Trade in Endangered Species (CITES) in Doha, Qatar. The decision, for which conservationists had long been lobbying, could pave the way toward the most wide-ranging protections ever put in place for a major commercial marine species. "This announcement could be a real turning point in the fight to protect the tuna," says Susan Lieberman, director of international policy...
...another to ban the trade of a major staple of sushi restaurants - especially as a cuisine that was once limited to Japanese workers has become a global favorite. A ban on the bluefin tuna trade would likely raise consumer prices of the fish in the short term, but it may be the only thing that could prevent the tuna population from collapsing altogether. It would also represent a rare occasion when the international community proved willing to sacrifice today to protect the future. "Nothing in the fishing world like this has ever happened before," says Stevens. "It's a huge...
...East Siberian Arctic Shelf, a vast expanse of shallow seafloor off Russia's northeast coast, was once wetland as well. It was submerged as melting glaciers drove sea level up at the end of the last ice age, but it still contains methane-rich permafrost, which Shakhova believes may now be becoming unstable. The numbers are not alarmingly large, she agrees, but what is worrisome is that no leakage was expected here. (See TIME's special report on the environment...
Labor unrest and economic anxiety may not be among the headlines coming out of Iran since the controversial presidential election of June 2009, but they could turn out to be critical factors in the fate of the Islamic Republic. Indeed, the regime is so sensitive about the country's well-being that it has been obfuscating economic statistics - or simply not reporting them...