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...Arctic melt close to home, as in what it will cost? A new study does just that, and the results are alarming, not just for Arctic dwellers but for all of us. According to lead author Eban Goodstein, Ph.D., over the next 40 years Arctic ice melt will take an economic toll of between $2.4 trillion and $24 trillion. Unless we change course - and fast...

Author: /time Magazine | Title: Putting a Price Tag on the Melting Ice Caps | 4/3/2010 | See Source »

...with annual losses in the range of $61 billion to $371 "resulting from such changes as heat waves and flooding." But the anticipated monetary fallout described in the study, expected to run deep into the trillions over the coming decades, may actually be conservative, as it does not take into account the recently discovered large-scale methane releases from the thawing continental shelf...

Author: /time Magazine | Title: Putting a Price Tag on the Melting Ice Caps | 4/3/2010 | See Source »

...news to a family member, she jokingly said, "They're giving the money to the state! Good, I work for the state." It is a very serious joke. Haitians are concerned that aid money will not trickle down to the people but instead be used by the government to take care of its own. (See pictures of the destruction wrought by the Jan. 12 earthquake in Haiti...

Author: /time Magazine | Title: In Haiti, Deep Skepticism About a U.N. Rescue Plan | 4/3/2010 | See Source »

...Haitian people taking care of the money, they will only take care of their clan," says Osnel Smythe, 37, a security guard who earns a decent wage of about $200 a month. "The international community could put $8 billion into Haiti and nothing will work correctly." This was exemplified with reports after the earthquake of government-affiliated community leaders selling coupons for food aid intended to be free. Haiti is one of the 10 most corrupt countries in the world, according to Transparency International's world index of corruption. The government has yet to earn the trust of the people...

Author: /time Magazine | Title: In Haiti, Deep Skepticism About a U.N. Rescue Plan | 4/3/2010 | See Source »

...lose-lose situation. If the government succeeds, the international community will get the glory and if it fails the Haitian government will be blamed for corruption. Says Nordeuse, "Clinton has placed Bellerive in front to follow him, but Bellerive is the one who is going to take the fall when it goes wrong...

Author: /time Magazine | Title: In Haiti, Deep Skepticism About a U.N. Rescue Plan | 4/3/2010 | See Source »

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