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That doesn't mean that animals will adapt and thrive in a warmer world. Far from it - by some estimates, rapid climate change could drive as many as one-third of the species on the planet out of existence by mid-century. Though warmer winters in blustery Scotland might sound nice - especially if you're a sheep on the small side - the changes due to global warming are likely to be far from positive in most parts of the world. Evolution will help species adapt, but there's a term for what happens when the pace of evolution...

Author: /time Magazine | Title: The Incredible Shrinking Sheep of Scotland | 7/3/2009 | See Source »

...over the need for a new international reserve does little to lift sentiment in the dollar's favor. Its replacement might be an "implausible suggestion," analysts at HSBC wrote in a May note to clients, but "its pre-eminent position as the reserves currency of the world does not mean that [the dollar] will maintain its value." Like Derrick, HSBC is counting on a further fall in the months ahead. Better not leave that holiday too late...

Author: /time Magazine | Title: Outlook for U.S. Dollar Darkens | 7/2/2009 | See Source »

...humiliation of a titanic proportion. The squalor and pain that resulted from the Sanford and Ensign midlife crises make manifest a bleak truth that the late writer Leonard Michaels once observed in his journal: "Adultery is not about sex or romance. Ultimately, it is about how little we mean to one another." (See the top 10 regrettable e-mails...

Author: /time Magazine | Title: Is There Hope for the American Marriage? | 7/2/2009 | See Source »

...really be a bargain at all, that you're not really buying a Banana Republic shirt at a cheaper price - you're just getting something else. That's absolutely right, and for me that raises really interesting philosophical issues: When is a brand really a brand? What does it mean to be a Coach bag? What does it mean to be North Face parka? These companies manufacture things specifically for their outlet stores, and they rely on their brand to carry that signal of value. So you have to think about that: If you like this object, whatever...

Author: /time Magazine | Title: What Cheap Stuff Really Costs Us | 7/2/2009 | See Source »

...Relations. Noting that Iran's economy is struggling - oil is now below $68 a barrel and the recent turmoil will further deter foreign investment - Korski says the government has a long-term interest in repairing its relationship with the E.U. "Iran may rant and rage, but that doesn't mean the E.U. is being kicked around," he says. "As long as the Iranian economy is as decrepit as it is, Iran will need to engage...

Author: /time Magazine | Title: How Should Europe Respond to Iran? | 7/2/2009 | See Source »

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