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...that phytoplankton--microscopic floating plants--love it, feasting on it and taking it out of circulation. The problem is, there are vast regions where the water is iron poor and plankton languish. The amount of iron the plants need and aren't getting is tiny--less than 20 lb. per sq. mi. (3 kg per sq km) by some estimates. If this were pumped as a diluted slurry into the wake of a ship steaming back and forth like a tractor seeding a field, the plankton would bloom and global CO2 levels--in theory--would fall...

Author: /time Magazine | Title: Mopping Up the CO2 Deluge | 7/3/2008 | See Source »

...challenge is a familiar one to universities throughout Europe. Low investment means institutions across the European Union pocket an average of $16,000 a year less per student than their U.S. rivals, according to a 2006 report by the European Commission. Lower revenues mean lower spending, and the result is bleakly evident in rankings of the world's best universities. In the highly regarded table published annually by China's Shanghai Jiao Tong University, European institutions fill just four of the top 25 places; wealthy North American institutions account for almost all the rest...

Author: /time Magazine | Title: Britain's Universities: Funding Excellence | 7/2/2008 | See Source »

...annual tuition fees to such institutions shot up by 6% to just over $22,000. In comparison, fees in England, although higher than in much of the rest of Europe, are modest: the government only introduced its current system in 2006, and has capped fees at roughly $6,000 per student. Even after adding the state's own contribution - and until the government reviews fee levels next year - Cambridge is short by some $10,000 for each student...

Author: /time Magazine | Title: Britain's Universities: Funding Excellence | 7/2/2008 | See Source »

...Hyperinflation, estimated at 1 million to 2 million percent per year, is running rampant in the economically devastated country. Zimbabwe's central bank cannot keep up with the demand for ever larger bills and the paper to print them...

Author: /time Magazine | Title: Cutting Off Zimbabwe's Currency | 7/2/2008 | See Source »

...inaptly named Bayou Superfund lost $35 million in 2003, Israel simply reported that it made $25 million instead, and invented an accounting firm to certify his fraudulent claims. Long after those heady days in which he decorated his office with tanks containing live pythons and rented a $32,000-per-month mansion from Donald Trump, he still seems to have trouble figuring out who he is. In a letter to the judge presiding over his case, Israel, who as his name suggests is Jewish, claimed the trial had forced him to reassess “what it means...

Author: By Daniel E. Herz-roiphe | Title: Take the Money and Run | 7/1/2008 | See Source »

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