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Given how limited the impact of the Kyoto Protocol has been, the effects of that error have been modest so far. But if the U.S. adopts a cap-and-trade system with the same mistake, or if the world agrees to a truly global successor to Kyoto, the blowback could be enormous. As long as biofuels are incorrectly treated as 100% carbon neutral, they'll represent an economical way for companies to offset their greenhouse-gas emissions and comply with a tightening carbon cap. One study estimates that if the world were to meet a 50% "cut" in global greenhouse...

Author: /time Magazine | Title: Tallying Biofuels' Real Environmental Cost | 10/23/2009 | See Source »

Still, after more than 25 years of virtually futile AIDS-vaccine research, the investigators involved in the Thai trial believe that their findings, while admittedly "modest," offer unprecedented leads to follow. "To quote from our recent history, this is a 'Yes we can' moment," Michael says. "It is not a public health breakthrough, [and] there is not a vaccine around the corner. But the door has finally been cracked open...

Author: /time Magazine | Title: The AIDS Vaccine: Modest Results, but a Sign of Hope | 10/21/2009 | See Source »

...Investors will be getting some tangible good news on earnings too. According to Zacks, companies currently in their fourth quarter are expected to show a modest 7.7% gain over the third quarter of 2009. That's not spectacular, but it's progress and it's real. Says Van Dijk, "It's positive news for the stock market...

Author: /time Magazine | Title: Will Earnings Reports Push Stocks Higher? | 10/20/2009 | See Source »

...thought they were going up again, so futures contracts pegged to distant-month deliveries were expensive. The better deal was the real thing, and with the shipping business mired in the recession, Hall was able to get a tanker to park offshore somewhere with his oil for a very modest sum. "You were able to get a better price if you were willing to take possession of the actual commodity, but it's much riskier," says Rachel Ziemba, a senior research analyst at RGE Monitor...

Author: /time Magazine | Title: How Citi's Andrew Hall Made $100 Million Last Year | 10/19/2009 | See Source »

...that comprises Maurice Sendak’s beloved 1963 children’s book, “Where the Wild Things Are.” And yet, through the eyes of director Spike Jonze, Sendak’s anarchic world undergoes a creative transformation that reaches far beyond the modest offerings of the book. Jonze takes Sendak’s world of childhood rebellion and roguish imagination and spins it into an extended discourse on growing up and the importance of family...

Author: By Andres A. Arguello, CRIMSON STAFF WRITER | Title: 'Where the Wild Things Are' | 10/16/2009 | See Source »

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