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Investors may be jittery, having watched a number of mortgage REITs, such as New Century Financial Corp. and American Home Mortgage Investment Corp., file for Chapter 11 bankruptcy protection over the past couple of years, and others, such as Arbor Realty Trust and Gramercy Capital, struggling to stay afloat. Even Starwood's newest offering could stir concerns if investors check out the sour performance of one of Sternlicht's previous specialty finance companies, iStar Financial...

Author: /time Magazine | Title: New REITs Pounce on Distressed Mortgage Assets | 8/18/2009 | See Source »

...small but growing number of researchers are beginning to say yes. If we geoengineered the earth into a mess with our uncontrolled appetite for fossil fuels, maybe we have to geoengineer our way out of it - in effect, directly cooling the planet via a controlled experiment to counteract our uncontrolled one. Indeed, according to a just-published paper for the Copenhagen Consensus on Climate - a think tank studying inexpensive solutions to climate change - geoengineering might not only be a good way to bring rising temperatures under short-term control while we wait for the longer-term fix of cutting carbon...

Author: /time Magazine | Title: Can Geoengineering Help Slow Global Warming? | 8/18/2009 | See Source »

There are a number of potential approaches to geoengineering, but the most popular ones focus on controlling the amount of solar radiation that reaches the earth's surface. Climate - in its simplest terms - is the rough relationship between the amount of solar energy that strikes the earth and the amount that is retained by the atmosphere, as opposed to being radiated or reflected back into space. In this sense, the greenhouse effect is not all bad. Without a little bit of it, the earth would be a cold, dead place, with an average temperature...

Author: /time Magazine | Title: Can Geoengineering Help Slow Global Warming? | 8/18/2009 | See Source »

...standard unemployment number excludes both those who have given up looking for a job and those who have taken part-time jobs but want full-time work. Include them and the number jumps to 20% or higher in states such as Michigan, California, Rhode Island and Oregon, with Tennessee, Nevada and other states in the high teens...

Author: /time Magazine | Title: The U.S. Economy: Time for a Real Jobs Stimulus? | 8/18/2009 | See Source »

...foreigners. Less surprisingly, most of the books have been written by either Kim Il Sung, the Great Leader and founder of North Korea, or his son the Dear Leader, Kim Jong Il. Most are stern instruction manuals on how to be a better communist. There are also a number of guides and glossy souvenir books, more than enough for a place than receives less foreign visitors in a year than the Louvre does in an hour...

Author: /time Magazine | Title: Journey to North Korea, Part I: Majesty and the Mustache | 8/18/2009 | See Source »

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