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Those fears were abundantly evident in a recent Conference Board report showing that consumer confidence took an unexpected dip, sliding 11 points in February, and the present-situation index, which measures consumers' opinions on current economic conditions, plunged to its lowest level in 27 years. "People are scared," says Herzberg. (See the worst business deals...

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

...always clear what it means. That's very much the case with a new paper about methane emissions, published Thursday in Science. Based on a series of expeditions to the margins of the Arctic Ocean by ship and helicopter, University of Alaska researcher Natalia Shakhova and her colleagues report that methane, a greenhouse gas that is 30 times more effective in trapping heat in the atmosphere than carbon dioxide, is bubbling up from the continental shelf and leaking into the atmosphere. The estimated total: 8 teragrams - that's 8 trillion grams - per year. (See pictures of the effects of global...

Author: /time Magazine | Title: More Warming Worries: Methane from the Arctic | 3/4/2010 | See Source »

...level up at the end of the last ice age, but it still contains methane-rich permafrost, which Shakhova believes may now be becoming unstable. The numbers are not alarmingly large, she agrees, but what is worrisome is that no leakage was expected here. (See TIME's special report on the environment...

Author: /time Magazine | Title: More Warming Worries: Methane from the Arctic | 3/4/2010 | See Source »

...real value of this new report, he believes, is that it finally gives scientists a solid baseline against which they can measure changes in methane over the coming years to see if it really is increasing. It's also a perfect example of how climate science actually works, as opposed to the cartoon version bandied about by activists and politicians: you take data, acknowledge any uncertainties about exactly what it means, then go out and take more data to narrow those uncertainties. That's exactly why human-triggered global warming was widely acknowledged to be mostly theoretical a few decades...

Author: /time Magazine | Title: More Warming Worries: Methane from the Arctic | 3/4/2010 | See Source »

...media outlets of human rights and labor organizations, whose members operate under perpetual fear of arrest and intimidation. Iran's official media continue to portray Iran as a success story. Indeed, so does President Mahmoud Ahmadinejad. However, at Ahmadinejad's most recent press conference, in mid-February, a reporter asked the President about the omission of third-quarter GDP growth figures from the latest report by Iran's Central Bank. Ahmadinejad simply dismissed the importance of interim figures as "mere estimates" and claimed that current growth stood at 6.9%. Significantly, the newspaper World of Industry, not a government organ...

Author: /time Magazine | Title: Are Iran's Leaders Hiding a Severe Economic Downturn? | 3/3/2010 | See Source »

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