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Rolls-Royces are typically leviathan in size and synonymous with ostentatious wealth. But the company's new Ghost model will be much more modest. A prototype of the four-door sedan that has been making the rounds at auto shows this summer is shorter and sleeker than the company's flagship Phantom limousine, making it "slightly more agile" and better for daily use, says Rolls-Royce CEO Tom Purves. It's more affordable as well, priced at just $245,000, far below the $380,000 baseline price tag for the Phantom. (See 10 things to buy during the recession...

Author: /time Magazine | Title: Rolls-Royce Unveils a Recession-Ready Limousine | 7/27/2009 | See Source »

...have a well-established system of credit ratings. "Banks are geared to lending to very big companies that are very easy to understand," says Spelich. "Lending to a company that has maybe five employees is not an intuitive thing." Banks consider small businesses poor loan candidates because they have shorter life cycles, often keep spotty financial records and lack significant property or other forms of collateral, says Du, the Chinese Academy of Social Sciences deputy director. Lending to a state-owned enterprise comes with at least the tacit understanding that the government will guarantee the loan, or at least ensure...

Author: /time Magazine | Title: In China's Lending Boom, Small Businesses Go Begging | 7/15/2009 | See Source »

...that's beginning to change. At Carnegie Mellon, for instance, psychologist Sheldon Cohen has been exploring exactly how positive emotions affect the body. (This is the flip side of previous work by Cohen and others linking stress, Type-A behavior and negative emotions to lowered immunity, heart disease and shorter lifespan.) Cohen's research shows that people with a "positive emotional style" have better immunity to cold and influenza viruses when exposed in the lab. His most recent work, presented at the conference, suggests that this is mainly due to the release of optimal levels of cytokines, proteins that regulate...

Author: /time Magazine | Title: The Science of Happiness Turns 10. What Has It Taught? | 7/8/2009 | See Source »

Under the white walls and blue-and-gold cupolas of the Sergiyev Posad monastery, the row of vendors selling nesting dolls and other traditional Russian handicrafts is noticeably shorter this summer. Usually the cheap folding tables, set up in a double row outside the spiritual center of the Russian Orthodox Church, are surrounded by tourists snapping up the iconic egg-shaped souvenirs, made of smaller and smaller wooden dolls hidden one within the other. But on a recent Thursday afternoon, there were only about a dozen people looking to buy. At one table, Olga Isakova waited on her first customers...

Author: /time Magazine | Title: Trying Times for Russia's Nesting Dolls | 7/5/2009 | See Source »

...past 25 years, the average Soay Island wild sheep has decreased in size, according to a report in the July 2 issue of Science by a team of researchers led by Tim Coulson of Imperial College London. Thanks largely to global warming, the winters on Soay Island are becoming shorter and milder. That makes food more abundant and allows some of the smaller, more vulnerable and younger sheep to survive. Then they go on to have offspring that tend to be small themselves - and have a better chance of survival because of the increasingly mild winters. "The environmental and evolutionary...

Author: /time Magazine | Title: The Incredible Shrinking Sheep of Scotland | 7/3/2009 | See Source »

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