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...trade schemes can do much to mitigate the short-term effects of climate change. But it should be remembered that, although the most salient concern of the legislation in the U.S. is to quickly lower the aggregate amount of emissions with hurting the economy, this should not be the only concern. The moral and cultural dimensions of climate change must be also addressed. The only way up from the global fall from grace is to work together and consider what’s fair and important in the long...

Author: By Raúl A. Carrillo | Title: Tragedy of the Heavens | 5/10/2009 | See Source »

...stress tests suggest since macroeconomic conditions are bound to be worse than the consensus anticipates, making the adverse scenario of the stress tests look mild. At this point in time, banks are still facing well over $1 trillion in losses over the next couple of years, even if low short-term interest rates make new loans very profitable. Moreover, according to RGE Monitor, real U.S. GDP growth will inch back into positive rates only toward the end of 2009 rather than at the beginning of the second half the year. That spells ongoing problems among borrowers...

Author: /time Magazine | Title: What the Stress Tests Didn't Tell Us | 5/8/2009 | See Source »

...move. And she has been in the White House barely 100 days. "She's the first thing my clients want to talk about," says Jennifer Black, president of Jennifer Black & Associates, a retail equity research firm. "She's a huge deal. And I don't think this is a short-term thing. Sometimes you get a flash in the pan, but that's not going to be the case with Michelle Obama...

Author: /time Magazine | Title: Can Michelle Obama Save Fashion Retailing? | 5/6/2009 | See Source »

...Tata Motors' unusual sales scheme for the Nano could ease some of its financial pressures related to $3 billion in short-term debt taken on by the company to acquire Jaguar and Land Rover from Ford in March 2008. Because buyers placing orders for Nanos were required to pay for their cars in full, Tata Motors - India's largest car company - is receiving a $507 million cash infusion. Analysts say the revenue will reduce the company's liquidity problems and make it easier to refinance its outstanding loans, which come due next month. Tata Motors repaid $1 billion...

Author: /time Magazine | Title: Indian Car Buyers Snap Up the Nano | 5/6/2009 | See Source »

...Cleanest Cities for Short-Term Particle Pollution: 1. Alexandra, LA 2. Amarillo, TX 3. Austin-Round Rock, TX 4. Bismarck, ND 5. Brownsville-Harlingen-Raymondville...

Author: /time Magazine | Title: State of Our Air: Breathing Still Not Easy | 4/29/2009 | See Source »

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