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...Without ways to capture the carbon burned in coal and sequester it underground, new plants all but guarantee billions of tons of future carbon emissions and essentially negate efforts to reduce global warming. "Business as usual can't continue as long as coal is destroying the climate," says Hannah Morgan, 20, one of the Dominion 11. "We are not going to back down...

Author: /time Magazine | Title: Taking On King Coal | 11/5/2008 | See Source »

...past six weeks the amount of cash banks are holding has more than doubled to just over a half a trillion dollars, which is nearly a record. Bank lending is up, but Yardeni says that much of the measured increase comes from financial firms like Goldman Sachs and Morgan Stanley being recategorized as banks. "Banks are piling up liquid assets much faster than they are making loans," says Yardeni. "And that's not a good thing...

Author: /time Magazine | Title: Stock Market Bears Are Still in Control | 11/3/2008 | See Source »

...bills and finally sleep with her best friend, whom she not-so-secretly loves. This time around, Smith’s motley crew is a group of pornographically inclined misfits recruited by Zack and Miri to translate their porno vision into reality. Traci Lords and Katie Morgan bring their experience in pornography to the film, compensating for Rogen and Bank’s dire lack of finesse. Lords plays Bubbles, whose talent for blowing bubbles out of her vagina may actually be the best thing in the film, while Morgan portrays Stacey, the porno version of Elle Woods?...

Author: By Mia P. Walker, CONTRIBUTING WRITER | Title: 'Zack and Miri Make a Porno' | 10/31/2008 | See Source »

What a difference a few days make. Since an article in TIME one month ago lauded Charlotte's seemingly Teflon economy, a gas shortage closed stations and panicked consumers, and Wachovia went from a possible buyer of Morgan Stanley to being acquired itself by San Francisco-based Wells Fargo. The rush to build new homes has created a housing glut, and several of the construction cranes that had come to symbolize the city's growth now hover over stalled projects...

Author: /time Magazine | Title: Charlotte Stays Optimistic After the Banking Fallout | 10/28/2008 | See Source »

Exactly two weeks after Mitsubishi UFJ Financial Group, Japan's top lender, tossed a $9-billion lifeline to Morgan Stanley - in exchange for a 21% stake - Mitsubishi UFJ is in need of some help itself. On Monday, Japan's largest bank said that it needs to raise $10.7 billion in capital and will be selling common and preferred shares. It was negative news following negative news. Less than one week ago, Mitsubishi UFJ downgraded its net profit for the first half of the year to about half of what it was last year at this time. Japan's Nikkei index...

Author: /time Magazine | Title: Troubles Hit Morgan Stanley's Japanese Savior | 10/27/2008 | See Source »

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