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Faced with ubiquitous signs of global economic meltdown, investors sold stocks in force on Tuesday, dragging the broad market indexes down near the lows reached last November. The Standard & Poor's 500 index, weighed down by financials, fell 4.56%, while the Dow Industrials sank 3.8%, falling to within a fraction of its November 2008 low. Among the hardest hit sectors were bank stocks, down 10%, oil service stocks, down 8.2%, and semiconductor stocks, which fell 6.7%. Gold Mining was among the rare winners Tuesday, with the industry group rising 2.5%. (See pictures of the top 10 scared traders...

Author: /time Magazine | Title: Why the Stock Market Keeps Plummeting | 2/17/2009 | See Source »

...measured in pounds of carbon dioxide—of one of its products, Tropicana orange juice, which it plans to print on packaging in the future. This innovative move both makes it easier for consumers to be savvy about the environment and holds companies to a higher standard during the manufacturing process. Other leading brands should follow PepsiCo’s lead in publishing carbon-footprint numbers, with the aid and the imperative of the government...

Author: By Malcolm-wiley T. Floyd, CRIMSON STAFF WRITER | Title: More Taste, Less Carbon | 2/17/2009 | See Source »

...Research in Washington. "So I don't think Chávez will have too big a problem getting through the crisis." But other economists say Chávez won't be able to sustain the social largesse at home and petro-diplomacy abroad that have made him the standard bearer of Latin America's resurgent left...

Author: /time Magazine | Title: What Chávez Win Means for Latin American Democracy | 2/16/2009 | See Source »

...takers to go door-to-door in an attempt to fill in the gaps. Those census takers not only visit homes that have not returned the survey, but also seek to count those with no fixed address and those who live in nursing homes, prisons, shelters and other non-standard housing...

Author: /time Magazine | Title: Why the 2010 Census Stirs Up Partisan Politics | 2/15/2009 | See Source »

...lower the principal of the mortgages instead of reducing the interest rates of the loans? Because it creates far more incentive for homeowners to continue making mortgage payments. Moreover, with all the exotic loans out there, many with adjustable rates, the principal is the only standard across all mortgages. Adjusting the remaining principal, then, is the most general way to renegotiate all mortgages as equitably as possible...

Author: /time Magazine | Title: A Better Bank Fix: Cut Every Mortgage's Principal | 2/13/2009 | See Source »

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