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...legal straightjacket took some of the heat off the Governor, there was plenty else to answer for. A day before his appearance in front of the committee, the Bank of England announced plans to pump $20 billion into the money markets, to help thaw the freeze on liquidity and push down the bloated rate banks are charging to lend one another cash. It also broadened the kind of collateral those banks could put up in return for accessing the central bank funds. In itself, that wasn't controversial - the European Central Bank and U.S. Federal Reserve have both pumped cheap...

Author: /time Magazine | Title: Coming Clean On Northern Rock | 9/22/2007 | See Source »

...current rate of emissions growth, the concentration of CO2 in the atmosphere will double pre-industrial levels by 2056—likely with catastrophic effects, the beginnings of which we may be seeing now in the form of polar ice caps that expand less every winter and thaw further every summer...

Author: By Jonathan B. Steinman | Title: Green Baby Steps | 9/10/2007 | See Source »

...they want to take advantage of the service. Those frozen embryos will be shipped from the IVF center to the company's San Francisco facility at a cost of several thousand dollars (Krtolica declined to provide an exact figure, citing ongoing talks with a few IVF clinics). There scientists thaw and nurture the embryos to generate stem cells. These are then removed, cultured and allowed to grow. The surviving colonies are then frozen and kept cryopreserved in liquid nitrogen in StemLifeLine's own freezers on the premises. (The company charges about $350 per year to keep the cells in deep...

Author: /time Magazine | Title: Banking on Stem Cells | 5/30/2007 | See Source »

...liberal politics won't thrill the current Administration, the pragmatism and general Atlanticist view he shares with Sarkozy should help improve relations with the U.S. While neither man is the rabid pro-American often depicted, France's new political odd couple do share a similar diplomatic style likely to thaw the recent trans-Atlantic freeze...

Author: /time Magazine | Title: Sarkozy Names His Cabinet | 5/18/2007 | See Source »

...that the Sharm el-Sheikh encounter presages a thaw in U.S.-Iranian relations: Rice sees the step as necessitated by tactical flexibility, but she holds fast to the Bush Administration view that Iran is the engine of much of the violence and chaos in Iraq, Lebanon and the Palestinian territories. As she tells it, the encounter in Sharm will be more of a lecture than an exchange, with the U.S. berating Iran over arms and fighters crossing into Iraq, the actions of militias and so on. Iran is not likely to be moved by those charges, which it routinely denies...

Author: /time Magazine | Title: How the U.S. Plans to Tackle Iran | 4/30/2007 | See Source »

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