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...time of nearly universal dismay over the business outlook, there are few experts anywhere who can out-gloom Jim Walker, an economist at an independent Hong Kong research firm called Asianomics. In his thick Scottish accent, Walker predicts the worst global recession since the Great Depression. GDP in the U.S., he says, could contract as much as 5% in 2009, and Europe by 2%. He is no more bullish about the economies in his area of specialty: Asia, a region where most of his colleagues foresee more buoyancy. China won't see GDP rise more than...

Author: /time Magazine | Title: Pundit: China's Economic Growth Could Stop | 2/3/2009 | See Source »

...Houston at 2:46 a.m. Two minutes later, Kirby was flying 600 ft. above dense forest at 122 m.p.h., near the spot where the first pilot aborted. Kirby lost radio contact with the hospital in Houston. His helicopter dropped suddenly, to 100 ft. Its rotor sliced into thick pine trees. The cabin smashed into three pieces and landed upside down, drenched in jet fuel. Kirby, the patient and two medical crew members died. (See a story about water landings...

Author: /time Magazine | Title: EMS Helicopter Safety: Can New Rules Save Lives? | 1/30/2009 | See Source »

Pilot John Horwood says the worse part about flying into Hong Kong is the suffocating, two-mile-thick blanket of pollution that hovers between 15 and 18,000 feet. "The whole cockpit fills with an acrid smell," says Horwood, who started noticing the cloud in 1997. "Each year it just gets worse and worse." What comprises this nuisance - a sprawling high-altitude mass of air pollution that stretches from the Arabian peninsula to the western Pacific Ocean - has long captured the curiosity of scientists. A report released in the Jan. 23 issue of Science breathes fresh air into that ongoing...

Author: /time Magazine | Title: Study Gets Inside the World's "Brown Cloud" | 1/23/2009 | See Source »

...Mish's Global Economic Trend Analysis (7,903 links). Although Mish (aka Mike Shedlock) is not an economist by training, he adroitly gets into the thick of economic data. Mish uses observations made by those in major media, so-called experts and government officials and serves up analysis based on his impression of their relevance and validity. The author is not afraid to attack conventional wisdom...

Author: /time Magazine | Title: Best 25 Financial Blogs | 1/22/2009 | See Source »

Despite the charred holes made by missiles in upper parts of the 14-floor building, the place seemed pretty much intact. On entering the apartment, we noticed a thick layer of black residue that had entered through the open windows and covered everything. On closer inspection, we found cracks in the ceilings, walls and windows. We were relieved, however, that no other harm was done to our home...

Author: /time Magazine | Title: Surviving Gaza: What Was the Sacrifice For? | 1/19/2009 | See Source »

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