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...ultimately going to have to redesign our lives, make do with less, if we want to combat climate change? Colin: The simple answer is yes. Even the Intergovernmental Panel on Climate Change report says that developed nations are going to have to change the way they live. But maybe there's a chance that we could actually gain something - a different kind of life that we might like more...

Author: /time Magazine | Title: Examining the No-Impact Life | 9/11/2009 | See Source »

...Geithner, testifying on Thursday in front of an oversight panel reviewing the government's financial rescue efforts, faced a raft of questions about the effectiveness and the use of those funds. Elizabeth Warren, a Harvard professor and chairperson of the panel, said the average American has seen little or no benefit from the TARP spending. Damon Silvers, associate counsel for the AFL-CIO union, questioned whether TARP had really restored some of its biggest recipients, namely Bank of America, Citigroup and Wells Fargo, to health...

Author: /time Magazine | Title: Geithner Defends First Year Of TARP | 9/10/2009 | See Source »

...part, Geithner responded that he thought the TARP program has largely been a success. "The nation's financial system is in better shape today than it was three months ago, six months ago and even on the eve of this recession," Geithner told the panel. He said adding capital to the banks was the right move. "Had we just gone and guaranteed all of the banks debts, I don't think we would have been as successful," he said...

Author: /time Magazine | Title: Geithner Defends First Year Of TARP | 9/10/2009 | See Source »

...Silvers said some of the people the panel had talked to complained that the continued weakness of a number of the nation's largest banks was hurting the economy. He asked Geithner if he thought "zombie" banks were a problem. Geithner noted specifically that he didn't think Citigroup was a "zombie." He added that the fact that many of the banks have been able to raise private capital shows that TARP has improved their prospects...

Author: /time Magazine | Title: Geithner Defends First Year Of TARP | 9/10/2009 | See Source »

...case, initiated in 2002, a year after McCurry opened for business, was first won by McDonald's in Malaysia's High Court but was subsequently overturned by the Court of Appeal in McCurry's favor. On Sept. 8, Chief Judge Arifin Zakaria, speaking for a three-member panel of judges in Malaysia's Federal Court, said the court's decision to refuse leave to appeal against the Court of Appeal's decision was unanimous. "We found no merit in the McDonald's appeal to continue with the suit," Arifin said. Counsel S.F. Wong for McDonald's, which has been operating...

Author: /time Magazine | Title: McCurry: the Indian Eatery That Beat McDonald's | 9/9/2009 | See Source »

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