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...Change reports, “Warming of the climate system is now unequivocal…The global average net affect of human activities…has been one of warming.” As a result of this warming, “widespread changes in precipitation amounts, ocean salinity, wind patterns and aspects of extreme weather including droughts, heavy precipitation, heat waves and the intensity of tropical cyclones...

Author: By Jonathan B. Steinman | Title: Nature's Game of Dominoes | 10/12/2007 | See Source »

...Moves like the latter one could wind up stoking the fires of global inflation. After all, it was China's cheap laborers who turned the country into the world's factory. By one estimate, China's manufacturing unit labor cost was just 4% of that of the U.S. in 2005. Now, as the mainland economy powers ahead - GDP growth jumped by 11.9% in the second quarter - real wages of urban workers have been soaring at double-digit rates, rising 18% in the first half of this year alone, according to the government. Add in higher raw-materials prices, and manufacturers...

Author: /time Magazine | Title: Bloated Dragon | 10/11/2007 | See Source »

...shortage of investors. Despite objections from environmental groups, the Asian Development Bank (ADB) last month agreed to fund the $1 billion, 2,200-megawatt Mong Duong coal plant in northern Vietnam. Greenpeace has urged the ADB to invest in alternative-energy projects instead. But technologies such as wind power aren't advanced enough to meet Vietnam's needs, says Woo Chong Um, the ADB's energy director for sustainable development. "We're trying to keep [Vietnam] as clean as possible under the circumstances," Um says. "But in the meantime, the country has to light itself...

Author: /time Magazine | Title: Power Puzzle | 10/11/2007 | See Source »

...North Koreans back into food-rationing. And at April's meeting of the Supreme People's Assembly, Kim's government sacked Prime Minister Pak Pong Ju, who had led a Cabinet-level economic think tank and was seen by some as friendly to reformers. "All of a sudden the wind seems to have gone out of the sail," says Brad Babson, a former North Korea specialist at the World Bank...

Author: /time Magazine | Title: Risky Business | 10/11/2007 | See Source »

...wrote on National Review Online: "Bad things happen to good people, and they cause financial problems and tough choices. But, if this is the face of the 'needy' in America, then no one is not needy." Nameless commenters to conservative blogs were even harsher. "Let 'em twist in the wind and be eaten by ravens," wrote one one on Redstate.com, who was quoted in the Baltimore Sun. "Then maybe the bunch of socialist patsies will think twice...

Author: /time Magazine | Title: The Swift-Boating of Graeme Frost | 10/10/2007 | See Source »

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