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...equipment of the U.S. military are on a different level from armies in the rest of NATO. The Pentagon spends about 15% of its huge defense budget on researching new weapons systems, while the next-biggest research spender - Britain - spends just 9%, and many other NATO members spend "nil - that's zero [on military research], according to Jonathan Eyal, Director of International Security Studies at the Royal United Services Institute in London. Although the EU's economy is slightly bigger than that of the U.S., Europe "remains an absolute dwarf when it comes to any military activity," says Eyal...

Author: /time Magazine | Title: Afghanistan and NATO: Is Europe Up to the Fight? | 4/3/2009 | See Source »

...side of Freddie's balance sheet. That means Freddie is still hoping to claim $15 billion in write-offs against future profits. But since Freddie continues to lose money and is now part of the government, the likelihood that it will have to pay taxes anytime soon is probably nil. Add up all those items, and it becomes apparent that the government will probably spend more than $100 billion in additional funds cleaning up the mess at Freddie...

Author: /time Magazine | Title: Freddie Mac: Government's New Black Hole? | 3/17/2009 | See Source »

...edifice as large as the behemoth known as Northwest Science Building, the activity level Friday afternoon was surprisingly close to nil. Didn’t these people have some research...

Author: By Esther I. Yi | Title: An Unhappy Hour for MCB | 3/1/2009 | See Source »

...fires is probably why so many people died. "The fire intensity was such that it exceeded the fires of 1939 [in which 71 people in Victoria died]," says Packham. "It was probably double that in intensity. If you are outside, the chances of you surviving are almost nil." That's because the heat radiation "can be so hot that it will cause death in a second or so. It's a shock to the body. The body completely fails. The lungs can sear inside and you die of asphyxiation as your lungs produce fluid...

Author: /time Magazine | Title: Horror and Tragedy in Australia's Worst Wildfires | 2/9/2009 | See Source »

...what becomes of the trusts should Washington say no to a bailout? Assets already paid into the VEBA trust would probably be safe if GM filed for bankruptcy, says Diamond. But chances of getting the deferred $1.7 billion back in a bankruptcy court are virtually nil. It's also unlikely that the assets in the trust will last 80 years, since bankrupt automakers would be unlikely to make all the future trust contributions. "My guess is the trust would last 20 years," says Diamond. "It's a very difficult situation. Autoworkers were sold a pile of goods by the union...

Author: /time Magazine | Title: Should Taxpayers Bail Out GM's Retirees? | 11/27/2008 | See Source »

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