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...Cameroon is hardly alone among its African neighbors in needing to import gasoline despite possessing huge oil deposits of its own. But building new refineries could take years, and require many millions of dollars in foreign aid. Until then, Gwat is hoping gas prices do not rise much further. "I spend a lot of my earnings on fuel," he says. "I earn well, but still it is only 150,000 francs [about $353] a month." And given what he pays to fill up in Yaoundé, he'd gladly settle for the new U.S. average price...

Author: /time Magazine | Title: Navigating a Real Oil Shock | 6/11/2008 | See Source »

...bulging landfills is more recycling. But Tony Grimshaw, project director for Energos, the Norwegian energy company building the plant, says, "There are practical and economic limits to how much you can recycle." He claims the Isle of Wight project, which is partly funded with $5.4 million in government aid, will prove both an economic and environmental success...

Author: /time Magazine | Title: Britain To Burn Trash for Energy | 6/9/2008 | See Source »

...long enough period would be the fairest, most sensible way to ease some of the system's long-run funding challenges). Near the end of the speech, there was a hint of Obama's "yes, we can" vision: a plan to give $4,000 a year in tuition aid to college students who pledge themselves to community or national service after graduation...

Author: /time Magazine | Title: What Is Obama's Economic Plan? | 6/9/2008 | See Source »

...arrest of a Venezuelan army sergeant ferrying 40,000 cartridges for AK-47 rifles to FARC guerrillas. Venezuela insists the soldier was corrupt and acting on his own. Conservative Colombian President Alvaro Uribe, a key U.S. ally, has for months accused Chavez, a staunch FARC supporter, of funneling aid to the rebels. The charge, he claims, is supported by alleged evidence from laptop computers belonging to a top FARC commander killed in a commando raid last March. Chavez vehemently denies it and insists the laptop files are phony. But the case has put him under the kind of intense international...

Author: /time Magazine | Title: A Kinder, Gentler Hugo Chávez? | 6/9/2008 | See Source »

...scathing 2007 report, Philip Alston, a special rapporteur for the U.N., wrote that the country's military "is in a state of denial concerning the numerous extrajudicial executions in which its soldiers are implicated." For the first time last year, the U.S. made some of its military aid to the Philippines contingent on the country improving its human-rights record. The international disapprobation was a source of embarrassment to an Arroyo administration already staggered by allegations of vote-rigging and corruption. And the government has taken steps to prosecute the killings more aggressively, including participating in a national summit last...

Author: /time Magazine | Title: The Philippines' Disappearing Dissidents | 6/9/2008 | See Source »

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