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...chance to fully enlist big developing nations like China and India in the fight against climate change. In the weeks leading up to the summit, these countries indicated that they would be amenable to broad, long-term emissions reductions?provided that rich nations agreed to their own short-term cuts. The U.S. (along with Canada and Australia) nixed the idea, and so the developing nations conspicuously did not agree to the G-8's 2050 target...

Author: /time Magazine | Title: Too Little, Too Late. | 7/10/2008 | See Source »

...helping his credibility. On the one hand, McCain argues for fiscal discipline, with his promises to end wasteful pork-barrel spending (which he mentioned five times during his appearance in Ohio). On the other, with his commitment to tax cuts, he embraces supply-side economics, which maintains that short-term deficits don't really matter...

Author: /time Magazine | Title: McCain: Selling an Economic Policy | 7/10/2008 | See Source »

Emissions reductions beyond 2016 are not yet defined, but Faust called the 30 percent target an "initial short-term goal," indicating that the University will develop plans for further reductions beyond that date...

Author: By Paras D. Bhayani, CRIMSON STAFF WRITER | Title: In Aggressive Move, Harvard Outlines Significant Cuts to Carbon Emissions | 7/9/2008 | See Source »

...alarming case for drastic action, and a month after the U.S. Senate began serious debate on sharply cutting American carbon emissions, the G-8's fuzzy-minded statement falls far short of what's needed from the world. Despite pressure from major developing nations attending the summit (who argue that industrialized countries need to act first on global warming), the G-8 refused to set short-term emissions-cut targets. The G-8 didn't even specify which base year it would use as the starting point for cutting emissions in half - either 1990, the year used for the Kyoto...

Author: /time Magazine | Title: A Green Let-Down at the G-8 Summit | 7/8/2008 | See Source »

...direction, but hardly a cure-all. Morgan Stanley's Glass points to "deteriorating underlying trends," such as the slowing economy and stepped-up coffee competition from the likes of Dunkin Donuts and McDonald's. Steven Kron, an analyst at Goldman Sachs, pointed out in a research note that while short-term investors may be enthusiastic about store closings, long-term investors still need to know more about how broader business trends play out. He has made no change to 12-month price target. Starbucks still has a lot more work to do to prove that it's righting the ship...

Author: /time Magazine | Title: Starbucks Goes From Venti to Grande | 7/2/2008 | See Source »

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