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The Pacific vortex isn't the only one. The Atlantic and Indian oceans, which have different current patterns, have plastic gyres of their own. Since these massive hoards of plastic come to float in international waters - and the vortices are far from land - no government is willing to take on...

Author: /time Magazine | Title: Expedition Sets Sail to the Great Plastic Vortex | 8/1/2009 | See Source »

Consider, for example, the homeowners' association in a gated Southern California community that voted last year to build a new community center. "Thanks to the economy, our bill will be about 30% less than we'd estimated, and we've had tons of companies begging to bid on our job...

Author: /time Magazine | Title: Tables Turned: Contractors Now at Homeowners' Mercy | 7/28/2009 | See Source »

Friday's violence occurred as prospects for China's steel industry are turning around. The government's $586 billion stimulus package has set off a massive infrastructure-building spree, creating a huge demand for steel. In June crude-steel production hit nearly 50 million tons - 6% higher than in the...

Author: /time Magazine | Title: How China's Steel Boom Turned Deadly | 7/27/2009 | See Source »

But that massive demand offers only a temporary respite for Chinese policymakers. Over the past decade, China has rapidly built new steel mills, and in 2002 it became the world's largest producer of the commodity. Now Chinese officials say the country has more production capability than markets at home...

Author: /time Magazine | Title: How China's Steel Boom Turned Deadly | 7/27/2009 | See Source »

And you think that attitude follows from the way Wall Street works? What a lot of folks don't realize is there are tons of layoffs on Wall Street even during a boom. What they value is not worker stability but constant market simultaneity. If mortgages aren't the best...

Author: /time Magazine | Title: An Anthropologist on What's Wrong with Wall Street | 7/22/2009 | See Source »

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