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...That's where the endangered puppy comes in. As momentous as the EPA's decision was - the finding stated "in both magnitude and probability, climate change is an enormous problem" - no one actually wants the EPA to regulate greenhouse gases. Not even Jackson or Obama, both of whom have repeatedly stated that they would much prefer Congress to set limits on greenhouse gas emissions directly, most likely through a cap-and-trade program. Most environmentalists feel the same way. The problem is getting cap-and-trade passed in Congress; most Republicans are against it on the grounds that it might...

Author: /time Magazine | Title: EPA's CO2 Finding: Putting a Gun to Congress's Head | 4/18/2009 | See Source »

...Given the political realities of the university, it may be tempting to just either float debt or ask for more money from the endowment. But kicking this ball down the road, either by mortgaging the university or drawing down its savings, simply leaves the problem for our successors to clean up. All of us—administrators, faculty, and students—will simply have to make do without some of what we’re used...

Author: By Paras D. Bhayani | Title: Budget Cutting for Dummies | 4/18/2009 | See Source »

...problem the feds face is that the housing crash has created a whole new slew of cases. The first stage of fraud, which helped bring about the crisis, is now being followed by a second as people scheme to buy up foreclosed homes and other properties whose prices have plummeted, or as desperate homeowners hurry to refinance exorbitant mortgages or get their interest rates and principals reduced. As a result, Albritton, who says the task force is also working with industry insiders who can walk agents and prosecutors through the arcane intricacies of mortgage fraud, hopes to clear the decks...

Author: /time Magazine | Title: Mortgage-Fraud Crackdown Gathers Steam in Florida | 4/18/2009 | See Source »

...Given the enormity of the problem," says Albritton, "we wanted to jointly organize ourselves even further to try and accelerate" the process. Says Steven Ibison, FBI special agent in charge in Tampa, "We're using resources that normally would be addressing other threats in order to surge this." Part of the strategy is to proceed in three "waves" that move "as high up the ladder" as possible, says Ibison: to collar not just the buyers who lied on loan applications, or brokers who ushered those shams along, but also the banks and lenders who looked the other way or actively...

Author: /time Magazine | Title: Mortgage-Fraud Crackdown Gathers Steam in Florida | 4/18/2009 | See Source »

...Bahrain, which further helps the ships skirt international regulations and evade censure from their home countries. Tsuma Charo of the Nairobi-based East African Seafarers Assistance Programme, which monitors Somali pirate attacks and liaises with the hostage takers and the captured crews, says "illegal trawling has fed the piracy problem." In the early days of Somali piracy, those who seized trawlers without licenses could count on a quick ransom payment, since the boat owners and companies backing those vessels didn't want to draw attention to their violation of international maritime law. This, Charo reckons, allowed the pirates to build...

Author: /time Magazine | Title: How Somalia's Fishermen Became Pirates | 4/18/2009 | See Source »

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