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...talks with Opel owners General Motors back on track, Merkel is reportedly ready to abandon her previous plan to force GM to sell a controlling stake in its European business to a consortium of Canadian-Austrian car-parts maker Magna International and Russia's Sberbank. According to the German tabloid Bild, the German government has told GM's chief negotiator, John Smith, that Berlin will consider GM's preferred investor, the Belgian industrial group RHJI, as long as it teams up with a partner from the automotive industry. (See TIME's photo-essay "GM's Eight Great Hopes...
...even those alarming numbers require some perspective. The figures, says PCAST member Dr. Harold Varmus, president of Memorial Sloan Kettering Cancer Center in New York and former director of the National Institutes of Health, were generated using data from previous flu pandemics--from 1918, 1957 and 1968--along with the latest data from last spring's outbreaks of H1N1 around the world. Those stats, say officials at the Centers for Disease Control, were then run through models used in the government's 2005 pandemic preparedness efforts that began in the wake of bird flu cases of H5N1 that arose...
...either sparing some existing trees or planting new ones, leading to what the study calls "significant" tree cover. In fact, on more than 1 billion hectares (2.5 billion acres) of farmland, which is twice the size of the Amazon, tree cover exceeds 10%. That's a huge increase from previous estimates, which were as low as 50,000 hectares. (See pictures of the effects of global warming...
...about the megapower that's accumulating at the Fed, one of Washington's least accountable institutions. Why should the markets decide who oversees them? Haven't the markets decided enough? Bernanke may be the ideal benevolent financial despot - a nebbishy superscholar with minimal connections to Wall Street and no previous hunger for power - but the next Fed chairman may be less ideal. And Obama has proposed to give even more regulatory power to the Fed, even though it has shown little interest in the past in curbing the excesses of the markets. At the same time, any politician who meddles...
...easy to see how Chu ended up as a workaholic. At times, he hinted at an emotional price, mentioning offhandedly that a son from a previous marriage quit school and was "trying to find himself." But Chu found his niche in the lab, building state-of-the-art lasers from spare parts to tinker with quarks and "high-Z hydrogen-like ions," preferring the rigor of experiments that either worked or didn't to abstract theoretical physics. At Bell Labs, he spent phone-monopoly money playing with electron spectrometers, gamma rays, polymers and other gee-whiz stuff...