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...predicted that Irish banks could lose up to $53 billion next year if they fail to get rid of their toxic assets. For Pat McCloughan, a Dublin-based economist, the looming bankruptcy threat outweighs all other concerns. "Unfortunately, developers going out of business and home repossessions are an inevitable part of [the downturn]. But a much bigger problem would be if one of the big banks was to fail. That would have massive repercussions for a small country like Ireland," he says. (Read more about the economic slump in Ireland...
...While Daulerio sounds somewhat humbled in a conversation with TIME about the incident, he doesn't apologize. "Was there an ax to grind?" Daulerio says. "Yeah. That was one part of it. But I also felt a little safe and justified in doing this stuff." Daulerio insists that he trusts his sources and claims that he really was trying to make a larger point about ESPN's culture - employees allegedly complain that while on-air personalities get reprimanded for inappropriate relationships, business executives enjoy more leeway...
...printing unconfirmed rumors about the private lives of relatively anonymous ESPN workers, who in this case appear to be collateral damage to a spiteful fit, the fairest way for Deadspin, which is part of the Gawker Media conglomerate, to make this point? "No," Daulerio admits. "I'm a human being at the end of the day with this stuff. But at the same time, did I want to cause panic around Bristol? Yes. Of course I did. And I think I succeeded. I also succeeded with the fact that it was compelling blog theater to watch the entire thing...
...situation in which we can't abandon geoengineering without risking sudden, disastrous warming due to unchecked CO2 emissions. Then, what was meant to be a quick, cheap fix would turn out to be a trap. And while Levitt and Dubner say the fix is appealing at least in part because it's politically impossible to imagine the world agreeing on a common carbon cap - pointing to the problems with the Kyoto Protocol - in reality, the geopolitics of geoengineering are even tougher. Would the world stand idly by if China unilaterally decided to begin geoengineering our collective climate? What...
...this fiscal year, making the government's 7% GDP-growth target look "a bit rich." Even Thakare, with his pond, may not have enough water to plant his extra crops this year. Abusaleh Shariff, a senior fellow at IFPRI's New Delhi office, argues that allocating money is only part of the government's task. The farmers also need better training, technology and marketing opportunities. "Do we have any of these? Almost none," Shariff says. "The government program needs to be improved, and we need to devote a lot more resources." (See pictures of urban farming around the world...