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...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...

Author: /time Magazine | Title: Irish Angry Over Big Bailout of the Country's Banks | 10/26/2009 | See Source »

What's the problem? For starters, Levitt and Dubner begin their chapter on climate change by citing the concerns over the risk of global cooling, which were held briefly by some scientists in the early 1970s - that's a common trope for climate contrarians, who say that if concerns over cooling turned out to be false, maybe the same thing will come of the current worries over global warming. They go on to question the accuracy of today's climate models, and by extension, whether we should really be concerned about potentially catastrophic temperature increases over the coming century. They...

Author: /time Magazine | Title: Are the Freakonomics Folks Off Base on Global Warming? | 10/26/2009 | See Source »

...program convinced Ngor Sarr, a subsistence farmer in the region of Fatick in western Senegal, and the other members of his agricultural cooperative to expand their paddy fields last year. Though the seeds he received through GOANA weren't of top quality, leading to mediocre yields - a common problem with the program, critics contend - Sarr's rice output increased enough to encourage him to join GOANA again this planting season. The new government scheme "gives us the chance to do something extra, to try and expand our fields, and that's very good," Sarr says. (See pictures of a global...

Author: /time Magazine | Title: Back to the Land: The New Green Revolution | 10/26/2009 | See Source »

...Kite Hill, Kukchar, the Gorky Park visionary, voiced a similar idea. The problem was the Americans, the Iranians, the Pakistanis - all the foreigners. He takes over the string of one of the kites he has brought. "The string cuts my fingers," he says, preparing to launch, "but I still fly the kite." (See a video about how skateboard culture has come to Kabul...

Author: /time Magazine | Title: On a Kabul Hill, the Dogs and Kites of War | 10/25/2009 | See Source »

...Mohamed Elmi, the World Health Organization's Middle East regional adviser for food and chemicals. "[Mercury] affects your nervous system and your mental capability and capacity. It's a very poisonous metal. And if there is a high level of parasites in the fish then you also have the problem of parasitic diseases. We don't know what is in the sewage cocktail...

Author: /time Magazine | Title: Gaza's Coast Endangers Wildlife and People | 10/24/2009 | See Source »

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