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...Meanwhile Canada's major banks, which reported results for fiscal 2008 this month, continue to struggle with write-downs as a result of exposure to U.S. credit and equity markets. CIBC reported a loss of C$2.1 billion on the year, against net income of C$3.3 billion in 2007. The country's fifth-biggest bank blamed write downs to its U.S. subprime portfolio for the huge loss...

Author: /time Magazine | Title: Canada Faces Recession — and a Political Crisis Too | 12/15/2008 | See Source »

...rooms and equipment, infection contraction and death also decreases. The risk of overdosing also diminishes because when presented with an almost unlimited amount of heroin per day—up to 300 milligrams, three times a day—addicts quickly realize that a maximum dose does not necessarily result in the same ‘flash’ that a lower dose does, and thus, decrease their heroin intake voluntarily...

Author: By Ayse Baybars | Title: A Real War on Drugs | 12/15/2008 | See Source »

...warned delegates from over 190 countries that the time for idle talk on global warming was over. "We now face a crisis that makes it abundantly clear that increased CO2 emissions anywhere are a threat to the integrity of this planet's climate balance everywhere," he said. "As a result the old divide between the North and South, between developed and developing countries, is a divide that must become obsolete...

Author: /time Magazine | Title: All Talk, Little Action, at UN Climate-Change Summit | 12/13/2008 | See Source »

...Live star Al Franken. Since then, both sides have politely allowed a legally required hand recount to take place, one with very clearly specified rules and no scheduled end date. But the recount ended on Dec. 5, just as Minnesota's secretary of state said it would, and the result didn't differ much from the initial count. "We didn't have to do a lot of overtime," says Cindy Reichert, the elections director of Minneapolis. "We did do some evenings. But we're very organized." (See TIME's top 10 news stories...

Author: /time Magazine | Title: Franken vs. Coleman: Still Counting in Minnesota | 12/13/2008 | See Source »

...Still, others fear a more gloomy result this month: a return to the way things were before. The aborted election two years ago saw some 12 million fake names on the voter roll, which, among other allegations of fraud, led to disputes and running street battles between the country's two main political parties, the Awami League (AL) and the Bangladesh Nationalist Party (BNP). The interim government rode into power on a tidal wave of popular anger and exasperation with the AL and the BNP and their demagogic, warring leaders, Sheikh Hasina and Khaleda Zia, who ran these behemoth parties...

Author: /time Magazine | Title: Bangladesh: Ready to Vote Again | 12/12/2008 | See Source »

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