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Bankers get that. Since last summer, at least 30 groups have filed to start new banks, according to SNL Financial. From Richmond, Va., to Tulsa, Okla., to Pacific Palisades, Calif., community bankers are hitting the pavement, raising funds a few hundred thousand dollars at a time from stock-market-wary...

Author: /time Magazine | Title: While the Giants Reel, Many Small Banks Are Thriving | 3/12/2009 | See Source »

Any intelligence gathered would be useful in a future showdown. Because U.S. aircraft carriers would play a vital role in any clash with China over Taiwan, being able to bottle up Chinese subs at their base - and measuring the range from their base within which U.S. technology could be used...

Author: /time Magazine | Title: Behind the Sea Spat Between the U.S. and China | 3/12/2009 | See Source »

The report's warnings are so striking in part because it assumes a much higher sea-level rise than previous studies. The 1.4 m figure used in the Pacific Institute report - which comes from research by the Scripps Institute of Oceanography - is considerably higher than the estimates put forth in...

Author: /time Magazine | Title: Could Rising Seas Swallow California's Coast? | 3/11/2009 | See Source »

The Pacific Institute report takes that abstract number and shows what it will mean for the cities, streets, bridges, beaches and power plants in America's most populous - and vulnerable - state. Nearly half a million people will be at risk for what's called a 100-year flood event. That...

Author: /time Magazine | Title: Could Rising Seas Swallow California's Coast? | 3/11/2009 | See Source »

The best way to protect California's coast would be to sharply reduce carbon emissions now and hope to avert the worst of the warming. But even if we do cut carbon soon, we've locked in sea-level rise, and we need to begin protecting sensitive coastlines better than...

Author: /time Magazine | Title: Could Rising Seas Swallow California's Coast? | 3/11/2009 | See Source »

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