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...scrambling to lower its deficit of nearly 13% to the E.U. ceiling of 3% by the end of 2012 under a European Commission plan to be endorsed on Wednesday. Spain is similarly promising to slash its deficit of 11.4% to just 3% by 2013, although the country - which is still reeling from the recession, with unemployment of nearly 19% - has been vague about how it will do that beyond proposing $69 billion in cost-cutting measures over the next four years. Last month, French officials somehow managed to sound proud when they announced that France's 2009 deficit...

Author: /time Magazine | Title: The U.S. Is Not Alone — Europe's in Debt Too | 2/2/2010 | See Source »

...case. The first Americans to orbit the earth blasted off aboard Atlas and Titan rockets - both built by commercial companies as missile launchers and later adapted to human flight. The Saturn moon rockets were the first designed and built exclusively for humans, but even those were contracted out. Still, it was NASA minds that drove the designs and the result was what might have been the finest boosters ever built. (Watch a video of the final shuttle to Hubble...

Author: /time Magazine | Title: No Liftoff: Obama's Plan Grounds NASA | 2/2/2010 | See Source »

While climate legislation isn't dead by any means - it still has powerful supporters on Capitol Hill, including Republican Senator Lindsey Graham - it faces an uphill battle in an election year. As a defense of last resort, the Environmental Protection Agency has the authority to regulate carbon emissions directly, but that logistically sticky tack is one Obama has repeatedly said he'd rather not use. "There's increasing concern that if we don't get it together in the U.S., we will lose the clean-energy markets and jobs and growth that come with [a carbon cap]," says David Doniger...

Author: /time Magazine | Title: Climate Accord Suggests a Global Will, if Not a Way | 2/2/2010 | See Source »

...month and a half after Copenhagen, the world finds itself in much the same place it has been for over a decade, still talking about the need to strike a grand global climate bargain. "It's fair to say that Copenhagen did not produce the full agreement the world needs to address the collective climate challenge," UNFCCC executive secretary Yvo de Boer told reporters on Jan. 20. "The window of opportunity to come to grips with the issue is closing at the same rate as before." At a minimum, the response to the Copenhagen Accord showed that the most powerful...

Author: /time Magazine | Title: Climate Accord Suggests a Global Will, if Not a Way | 2/2/2010 | See Source »

...they might otherwise have been picked up. However, three-dimensional films are currently the industry’s best hope to recover revenues lost to piracy, and the 3-D successes of “Coraline” and “Up” ensured that 2009 would still have been considered a great year for the technology. Regardless of the success of “Avatar,” 3-D would still be relevant, and the accumulation of minor successes for the medium would have resulted in the same advances in a few years that...

Author: By Abigail B. Lind, CRIMSON STAFF WRITER | Title: What if 'Avatar' Had Flopped | 2/2/2010 | See Source »

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