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...Rather than try to unpack the dueling economic models and figure out which side had a better claim to truth, Pooley argues that reporters fell into what he calls the stenography model of journalism, simply reporting both sides with equal weight. The problem is, the two sides weren't equal. The skeptics' models tended to assume, quietly, that the pace of technological advance for renewable energy would be sluggish - significantly raising the costs of trying to cap carbon emissions. The models from the green side - led by the Environmental Defense Fund - tended to be fairer, projecting a range of possible...

Author: /time Magazine | Title: Is the Press Misreporting the Environment Story? | 3/1/2009 | See Source »

...with 4:21 left. Then the Crimson ran the shot clock near to its finale on its next possession and McNally found himself with the ball and well covered just inside the arch. That didn’t stop him from throwing up a high-arching shot that fell through with as the shot clock buzzer sounded with 3:40 left...

Author: By Ted Kirby, CRIMSON STAFF WRITER | Title: WEB UPDATE: Crimson Avenges Earlier Loss to Columbia With 72-63 Win | 2/28/2009 | See Source »

...next, his demolition business went into the tank. He was in no condition to rip old houses apart, and even if he had been, the soft economy was suffocating. Having pledged his home equity as collateral, now he was forced to sell his demolition equipment at a loss. He fell behind on his mortgage payments of $1,647 per month. His son had to leave college in Virginia to attend a school near home. His mother passed away...

Author: /time Magazine | Title: House of Cards: The Faces Behind Foreclosures | 2/27/2009 | See Source »

...With only a part-time job - she visits office-supply stores and makes sure that the floor-model printers have enough paper and ink for demonstrations - Stevens found she could pay for food and utilities, or she could pay the mortgage. Not both. After she fell four months behind on her payments, the bank moved to foreclose. Stevens briefly considered letting the bank have the house, but her oldest daughter, Maggie, 28, has a new baby and is enrolled in nursing school. "I just have to get her through that," Stevens explained. So after several sleepless nights, she decided...

Author: /time Magazine | Title: House of Cards: The Faces Behind Foreclosures | 2/27/2009 | See Source »

...sources of economic weakness in the fourth quarter were across the board. Consumer spending dropped at a 4.3% pace, its worst performance since 1980. Nonresidential private fixed investment - a.k.a. capital spending - fell at a 21.1% rate, the worst since 1975. Exports fell at a 23.6% annual pace, the worst since 1971. And residential investment was down at a 22.2% pace, but that's the worst only since the first quarter...

Author: /time Magazine | Title: A 6.2% Drop in GDP: Is the Worst Yet to Come? | 2/27/2009 | See Source »

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