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Melton faced mounting political pressure too. In 2004, voters in California approved a measure providing $3 billion in state funding to embryonic-stem-cell research. That threatened to draw scientists in the stem-cell community west, and Melton took pains to foster a "band of brothers" mentality. "I tried to create a cocoon here," he says, "and tell people that your job is to focus on the science. Don't worry what the politicians say." By then, Melton's team was one of only a handful in the country working on embryonic stem cells and was making headway in teasing...

Author: /time Magazine | Title: Stem-Cell Research: The Quest Resumes | 1/29/2009 | See Source »

...home prices, since people without jobs are less likely to buy a house, or even to make the payments on the one they have. Foreclosures exacerbate the problem, as banks tend to sell repossessed properties on the cheap. December saw a surge in existing-home sales, especially out West, but 45% of those were distressed sales at discounted prices, according to NAR. (See which country has the best stimulus plan...

Author: /time Magazine | Title: Housing Prices Keep Dropping. And They're Not Done Yet | 1/28/2009 | See Source »

...Furthermore, releasing Iranian oil into the market would be positive for all parties. Rather than carrying out costly exploration for difficult-to-attain oil, Western oil companies could instead reap the benefits of relatively accessible Iranian oil. Moreover, Iran and the West would share the economic benefits of increased investment and increased oil supply...

Author: By Matthew H. Ghazarian | Title: It’s Diplomacy, Stupid! | 1/28/2009 | See Source »

Cyril, who'd been serving as interim head of the Church since the Dec. 5 death of Patriarch Alexy II, was particularly adept at keeping warm relations with both Kremlin insiders and religious counterparts outside of Russia. His many contacts with the West, including a meeting in 2007 with Pope Benedict XVI at the Vatican, helped earn Cyril a reputation as a pragmatic reformer who favored moving his Church closer to Catholicism after a millennium-long schism...

Author: /time Magazine | Title: Will the Pope Meet Russia's New Patriarch? | 1/28/2009 | See Source »

...view of the long-separated sister churches. "Catholics and Orthodox feel that they belong to the same family, since they share the same Christian values," he was quoted as saying by Vatican Radio. "In order to overcome the divisions the most important thing is that the East and the West leave aside considering the other as foreigners...

Author: /time Magazine | Title: Will the Pope Meet Russia's New Patriarch? | 1/28/2009 | See Source »

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