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The compromises involved in getting even a deal that delegates could only agree to "take note of" may have stripped it of much of its operational significance. The accord contains no deadline to draft a legally binding treaty, no emissions-cut requirements, and only the vaguest reference to helping countries...

Author: /time Magazine | Title: Obama's Climate Compromise Leaves a Bitter Aftertaste | 12/20/2009 | See Source »

On March 27, the consortium of banks approved the loan by the narrowest of margins - 50.43%. It proved to be the first step in putting CityCenter back in business. Had it gone under, Murren says, it's "very possible" MGM Mirage would have been brought down too. And the financially...

Author: /time Magazine | Title: How Las Vegas' Opulent CityCenter Survived Dubai | 12/19/2009 | See Source »

But no one is expecting a fast turnaround. Indeed, as Aria is opening, the venerable Binion's Gambling Hall downtown has shut down, and the Sahara just announced plans to temporarily close rooms in two of its three towers. One of the early selling points of CityCenter was that a...

Author: /time Magazine | Title: How Las Vegas' Opulent CityCenter Survived Dubai | 12/19/2009 | See Source »

The destructive effects of reiderstvo have not escaped the attention of top officials. Medvedev has called the practice "shameful" and expressed support for measures aimed at easing prosecution of such crimes. "The seizure schemes are conducted very professionally, that is a fact," he told Russian senators on Nov. 5. "Sometimes...

Author: /time Magazine | Title: The Danger of Doing Business in Russia | 12/19/2009 | See Source »

The Sean Goldman case sounds so much like the Elián González case, in fact, that Brazil has opened itself to charges of especially egregious hypocrisy. It's no secret that Brazil, especially under hugely popular President Luiz Inácio Lula da Silva, has become a...

Author: /time Magazine | Title: The Goldman Controversy: Memories of Elián González | 12/19/2009 | See Source »

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