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...wealth funds from Arab countries aren't likely to rush in to buy the assets of Western financial companies just yet, according to Sfakianakis. Some have already been burned, like the Kuwait Investment Authority, which bought Merrill Lynch shares worth billions earlier this year only to see the stock plummet in recent months. So for now, Arab investors are likely to refocus on infrastructure projects in their own countries that create real value and services for their economies, which are bound to keep growing even in the midst of a Western financial crisis...

Author: /time Magazine | Title: The Slump Hits the Gulf: No More Palm Islands? | 9/17/2008 | See Source »

...even if greenhouse gas emissions miraculously plummet next year, we would not expect to see a big change in disaster losses. So it's important to stay focused on the real cause of the problem, says Pielke. "Talking about land-use policies in coastal Mississippi may not be the sexiest topic, but that's what's going to make the most difference on this issue," he says...

Author: /time Magazine | Title: Why Disasters Are Getting Worse | 9/3/2008 | See Source »

Tens of millions of Americans have quit smoking cigarettes. The benefits of quitting - no matter what your age - are prodigious. Risks of heart disease and stroke plummet. So does the risk of lung cancer, along with cancers of the mouth, throat, bladder, cervix and pancreas. But can the damage from smoking ever be completely undone? Norman Edelman, chief medical officer of the American Lung Association, explains...

Author: /time Magazine | Title: Is the Damage from Smoking Permanent? | 7/1/2008 | See Source »

...assured. By the time he left office, Blair was deeply unpopular in Britain, and not just because of Iraq; Britons were tired of what they saw as a government of constant spin, tinged, toward the end, with sleaze. Though Blair's successor, Gordon Brown, has seen his own popularity plummet, there is no sign yet that Blair's reputation in the U.K. has been rehabilitated...

Author: /time Magazine | Title: Tony Blair's Leap of Faith | 5/28/2008 | See Source »

...more than five decades, lost the Upper House to the DPJ during last summer's elections. As a result, the last eight months have been a political tug-of-war that has resulted in many disputes. Playing a central role is Fukuda, who has watched his approval ratings plummet in the past few weeks, with some polls showing as low as 24%. (By contrast, former Prime Minister Shinzo Abe's approval rating hovered around 30% when he stepped down last September...

Author: /time Magazine | Title: Row Ends Over Japan's Central Bank | 4/8/2008 | See Source »

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