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...huge losses derivatives linked to bad mortgages have caused across the globe - introducing them to China was high on western banks' wish list. They argue that relatively straightforward derivatives deepen the liquidity of both debt and equity markets, and provide investors with useful hedging vehicles. "The Chinese understand all that," says Nicholas Lardy, an economist at the Peterson Institute for International Economics in Washington. "But the Chinese really want to study how this happened [in the U.S.], what derivative's role was, and how they can avoid it in the future. That's all going to take some time...

Author: /time Magazine | Title: China Stays Its Capitalist Course | 10/28/2008 | See Source »

...That's where Sterman's research comes in. "There is a profound and fundamental misconception about climate," he says. The problem is that most of us don't really understand how carbon accumulates in the atmosphere. Increasing global temperatures are driven by the increase in the concentration of carbon in the atmosphere. Before the industrial age, the concentration was about 280 parts per million (p.p.m.) of carbon in the atmosphere. After a few centuries of burning coal, oil and other fossil fuels, we've raised that concentration to 387 p.p.m., and it continues to rise by about 2 p.p.m. every...

Author: /time Magazine | Title: What the Public Doesn't Get About Climate Change | 10/28/2008 | See Source »

...good news is that you don't need a Ph.D. in climatology to understand what needs to be done. If you can grasp the bathtub analogy, you can understand how to stop global warming. The burden is on scientists to better explain in clear English the dynamics of the climate system, and how to affect it. (Sterman says that the Intergovernmental Panel on Climate Change's landmark report last year was "completely inadequate" on this score.) As for the rest of us, we should try to remember that sometimes common sense isn't a match for science...

Author: /time Magazine | Title: What the Public Doesn't Get About Climate Change | 10/28/2008 | See Source »

Absolutely not. The neutral defense of fundamental freedoms is at the core of the civil liberties agenda, which is looking beyond the immediate factual contest to understand that what is being fought for is a general principle that we have to defend every time it's threatened. As experience shows, if government ever has the power to violate one right for one person, then no right is safe for any other person...

Author: /time Magazine | Title: Outgoing ACLU President Nadine Strossen | 10/28/2008 | See Source »

...future. Still, the plot was extremely confusing at times, and events only became comprehensible halfway through the play. But this should not deter anyone from watching “Mnemonic”; the ensuing confusion is only part of the experience. A second viewing might be required to fully understand the scope of the play, but that only means experiencing the wonderful intensity all over again.—Staff writer Andres A. Arguello can be reached at arguello@fas.harvard.edu...

Author: By Andres A. Arguello, CRIMSON STAFF WRITER | Title: Mnemonic Chaotic But Captivating | 10/27/2008 | See Source »

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