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...stocks in 2010, but even if this is achieved companies will be earning 9% less in 2010 than they did in the peak 2007 period. Steven Wieting, a managing director and U.S. economist at Citigroup Global Markets, says it will likely be 2012 or 2013 before earnings reach the levels attained in 2007. Maybe by then we'll be back to the stock-market highs that occurred...

Author: /time Magazine | Title: Big Earnings Gains May Not Lift Stocks | 1/15/2010 | See Source »

...silence violently protested against the powerful Mafia clans that control their lives, says Roberto Saviano, author of Gomorrah, an anti-Mob book that earned him both critical praise and a 24-hour police guard. Saviano - who reported from within the Camorra, Italy's biggest Mafia clan with a global reach into fashion, real estate, waste disposal and drugs - says the rioters are among the hundreds of thousands of immigrants caught up in a brutal cheap-labor system the Mafia runs for legitimate businesses from Milan to Naples...

Author: /time Magazine | Title: African Immigrants in Italy: Slave Labor for the Mafia | 1/15/2010 | See Source »

...Indeed, many scientists worry that we could reach a tipping point at which warming could begin to melt the Arctic permafrost and unleash masses of buried methane - which would then further warm the atmosphere, releasing more methane and continuing in a dangerous feedback cycle. But if we're going to prevent that from happening, we're going to have to find a way other than reducing methane emissions from wetlands. Global food requirements mean that we can't cut back seriously on rice paddy cultivation, and wetlands are far too important to the environment as groundwater filters and buffers against...

Author: /time Magazine | Title: How Wetlands Worsen Climate Change | 1/14/2010 | See Source »

...Peter Robinson has said he will continue to negotiate with Sinn Fein during his six-week break. But a failure to reach a consensus could cause the fragile coalition to fall apart, which would trigger new elections to the Northern Ireland Assembly. And this may not be good for the DUP. The party's traditional base - rural Evangelical Protestants - has been rocked by Iris Robinson's affair, which may cause some voters to drift toward the anti-power-sharing Traditional Unionist Voice Party or the more moderate Ulster Unionist Party, which recently forged an alliance with the British Conservative Party...

Author: /time Magazine | Title: Will Northern Ireland's Sex Scandal Break the Peace? | 1/13/2010 | See Source »

...subtly, often unintentionally, but remarkably consistently. In an age of mixed-race malls, mixed-race pop-music charts and, yes, a mixed-race President, the church divide seems increasingly peculiar. It is troubling, even scandalous, that our most intimate public gatherings - and those most safely beyond the law's reach - remain color-coded. (See the top 10 pictures of the year...

Author: /time Magazine | Title: Can Megachurches Bridge the Racial Divide? | 1/11/2010 | See Source »

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