Time-Domain Astronomy with Swift, Fermi and Lobster

The dynamic transient gamma-ray sky is revealing many interesting results, largely due to findings by Fermi and Swift. The list includes new twists on gamma-ray bursts (GRBs), a GeV flare from a symbiotic star, GeV flares from the Crab Nebula, high-energy emission from novae and supernovae, and, within the last year, a new type of object discovered by Swift-a jetted tidal disruption event. In this review we present highlights of these exciting discoveries. A new mission concept called Lobster is also described; it would monitor the X-ray sky at order-of-magnitude higher sensitivity than current missions can.