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There is clearly an irony in the notion that attaching a "price" to ecosystems can help people reconnect with nature and what it offers us. Yet appreciating nature from an economic perspective may put environmental concerns on the table in a way that governments and institutions can work with. "In speaking the language of economics, you can play a role in the policy process," says Edward B. Barbier, Professor of Economics at the University of Wyoming, who does research on the economics of natural resources. "Twenty-five years ago, people said, 'That's horrendous - you can't discuss nature that...

Author: /time Magazine | Title: Should We Put A Dollar Value On Nature? | 3/6/2010 | See Source »

...Talent Google puts deals in one of two baskets - small talent buys and big strategic buys. In Picnik they got two for the price of one. Among Picnik's 22-person staff are three former Microsoft employees - "three of the best guys ever to step off the Redmond campus on one team," boasts Picnik adviser Burgess - along with other respected Web talents. Marcelo Calbucci, an entrepreneur who founded Seattle 2.0, a service for Seattle start-ups, estimates on his blog that Google paid at least $46 million for Picnik, possibly twice that much. Picnik and Google have both refused...

Author: /time Magazine | Title: Google's Acquisition Binge: Why It Bought Picnik | 3/5/2010 | See Source »

...debt-provoked currency plunge won't be a miracle cure for the economic ills of all euro-zone exporters. Lafaure, for example, notes that while his euro costs in research and development greatly affect sales price, his company is partly protected by having production sites in dollar-zone countries in Asia - providing a pricing hedge when the euro is too high. Multinationals with affiliates in the dollar zone have benefited from the weaker dollar over the past few years. German electronics giant Siemens, for example, generated nearly 45% of its revenue in 2009 in the dollar region. "The bigger...

Author: /time Magazine | Title: Europe Looks to Export Boost from Weak Euro | 3/5/2010 | See Source »

...foreclosure before the eight-year waiting period expires, the person is out of luck - the put option becomes worthless. However, homeowners do have the option of opting out of the program in the first six years in exchange for handsome cash bonuses, ranging from 10% of the purchase price in year one to 3% in year six. Still, some analysts feel homeowners should be permitted to exercise the put - i.e., sell back the house at its original price - after three or four years. (See pictures of the global financial crisis...

Author: /time Magazine | Title: A Guarantee Against Losing Cash on Homes? | 3/4/2010 | See Source »

Republicans are promising that Democrats will pay a price this fall for passing such a sweeping and controversial bill this way - and they may be right. "A raw exercise of legislative power," Senate minority leader Mitch McConnell called the emerging game plan. He vowed, "It will be the issue in every race in America this fall." Yet this use of the reconciliation procedure - ironically misnamed, given the antagonism it has stirred - would not be as radical a maneuver as Republicans claim. Created in 1974, reconciliation has been used 21 times, mostly by Republicans, who employed it to, among other things...

Author: /time Magazine | Title: Health Reform: Can the Democrats Cross the Finish Line? | 3/4/2010 | See Source »

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