Word: stockely
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...unemployment, when the business pages of the local newspaper look more like the obituaries, no industry is doing well - and that includes green business. Wind and solar manufacturers, starved for credit, are cutting back on projects and laying off workers. Whole Foods, the organic food superstore, has seen its stock price drop more than 70% over the past year, and has cut back on planned expansions. Companies - including Time Inc., which publishes TIME and Time.com - have eliminated their sustainability officers, and the business press seems more concerned with plotting financial panic than with covering the latest green enterprise. (Read TIME...
...gases emitted per unit of GDP - decreased by 0.6% in 2008, the smallest decrease since 2002. (The faster carbon intensity decreases, the more output businesses get for their carbon.) The failure of green business so far to produce a Google-like success story - a company that crushes in the stock market - hasn't helped either. "We're not moving the needle fast enough when it comes to climate, toxicity, energy use," says Makower...
...Bristol, England. That trip led to the release of his latest album, Knowle West Boy, a fusion of Britpop and hip-hop that Rolling Stone calls "Tricky's best since his 1995 debut Maxinquaye". For the 41-year-old artist, that journey home was a chance to take stock. "You can't just keep moving forward, you have to look backwards sometimes," Tricky tells TIME. Revisiting his own difficult childhood, Tricky found himself wanting to "talk for kids growing up on a council estate, my old environment." By the time Knowle West Boy was completed, Tricky says, "it felt like...
...favorite quickie measure of financial journalists - the performance of the stock market - he was a complete flop. The S&P 500 fell almost 5% over the course of the day, with the sharpest drop coming just as Geithner began his speech in the Cash Room of the Treasury Building. (See the worst business deals...
Explaining the stock market's behavior is always something of a mug's game, but there was a consensus that the main problem seemed to be that Geithner was just too vague. "Unfortunately, he led the market to believe there would be more details," says Kurt Karl, U.S. economist for the insurance firm Swiss Re. "You can't make the equity market happy every day, I guess...