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...will be able to grapple with the tough economic climate. Ross Sandler, senior internet analyst at RBC Capital Markets, expects Google's revenue to be up 33.5% over the same time last year with a 3% growth rate from second to third quarter, even though its stock price recently sank to the lowest it has been in two years. "Google is down 25% in the last month or so, but ... there is nothing wrong with Google structurally," says Sandler. "Every company exposed to advertising is having problems because budgets in general are contracting and no one is immune." Still...

Author: /time Magazine | Title: Four Reasons the Markets Are Still Troubled | 10/15/2008 | See Source »

...Matsen tells the story of wreck divers John Chatterton and Richie Kohler and their search for the truth about the Titanic's sinking in 1912. More than just a tragic iceberg crash, the story the divers uncovered is one of bad management, shoddy construction and an ocean liner that sank so quickly that most passengers didn't know what was happening until it was too late. Chatterton and Kohler talk to TIME about deep sea diving, investigating shipwrecks, and the allure of the Titanic...

Author: /time Magazine | Title: Revealing the Titanic's Secrets | 10/1/2008 | See Source »

Kohler: There's something about the whole story, something about "The Ship of Dreams," - quite literally the most opulent passenger liner - that sank on its maiden voyage. Everything about this wreck was big including the passenger list. It had the elite societies, the richest of the rich. And conversely, it had the poorest of the poor. People who left everything behind, looking for a new life. And when that ship sank, the heavy hand of the sea cut right across them all. The poorest of the poor drowned and died the same as the richest of the rich. And although...

Author: /time Magazine | Title: Revealing the Titanic's Secrets | 10/1/2008 | See Source »

...foster the growth of new sea life that threatens the pre-existing local ecosystem. On Palmyra Atoll, 1,000 miles south of Hawaii, a population explosion of corallimorph, an aggressive creature similar to anemones and coral, killed almost all the coral growing around a long-line fishing vessel that sank in 1991, according to a report published in August in the journal PLoS One by Thierry Work, a wildlife-disease specialist at the U.S. Geological Survey, and his colleagues. The corallimorph were probably attracted to the leaching iron, a valuable nutrient in the sea, says Work. Since the organism, which...

Author: /time Magazine | Title: America's Underwater Junkyard | 9/30/2008 | See Source »

...some cases, ships are purposely introduced to the underwater landscape. In 2006 the U.S. Navy sank the decommissioned WWII aircraft carrier U.S.S. Oriskany off the coast of Pensacola, Fla., in the Gulf of Mexico and turned it into an artificial reef. It is the first and so far only artificial-reefing project undertaken by the Navy Inactive Ships Program, which is charged with disposing of old warships (which are typically dismantled and recycled or turned into museums). It took nearly $20 million to ready the ship for safe sinking in accordance with standards set forth by the Environmental Protection Agency...

Author: /time Magazine | Title: America's Underwater Junkyard | 9/30/2008 | See Source »

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