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...differentiate it from vegetable oil or animal fat) was sopped up with rags, wrung out and peddled as a cure for everything from headaches to deafness. Spurred by demand for lamp fuel as whale blubber grew scarce, derricks popped up all over Pennsylvania's oil region in the 1860s, although subsequent overproduction drove prices so far down that at one point, a wooden barrel was worth twice as much as the oil it contained, according to Daniel Yergin's definitive tome on oil, The Prize...

Author: /time Magazine | Title: The Oil Barrel | 8/26/2009 | See Source »

...hotel, in effect, is lowering its prices. But when things improve, it will be easier for consumers to accept the end of the free-room deal than a sudden spike in prices. We know you can't give away rooms, but how can you jack prices up another $30? Although Abercrombie holds seasonal clearance sales, it shuns such regular promotions...

Author: /time Magazine | Title: Abercrombie & Fitch: Worst Recession Brand? | 8/25/2009 | See Source »

...Trees are present more among farmlands in the dense tropical areas of Southeast Asia and Central America, along with much of South America. The proportion is lower in sub-Saharan Africa - although Nobel Peace laureate Wangari Maathai's Green Belt Movement has helped plant more than 30 million trees for Africa's poor. The difference seems to come down mostly to support for tree-planting by governments or NGOs like Maathai's. In places where agroforestry is encouraged this way, trees are far likelier to bloom than in places where farmers are given no such guidance. (See TIME's special...

Author: /time Magazine | Title: As Farmland Grows, the Trees Fight Back | 8/25/2009 | See Source »

...Although clichés about the "vulnerability" of women in the economy have been disproved by hard BLS data, we want to believe them. When women lose jobs, the victims are women. When men lose jobs, the victims are, um, women, because they have to make up for that lost male income. The scale of male job losses was evident even when the stimulus bill was passed. That did not stop incoming Congressman Jared Polis, a Colorado Democrat, from warning Obama that "gender imbalance in occupations related to physical infrastructure development means that the direct job creation will benefit mostly...

Author: /time Magazine | Title: The Pink Recovery: Why Women Are Doing Better | 8/24/2009 | See Source »

...populated villages and suburbs on the fringes of Athens. Tens of thousands of people have temporarily fled their homes, and more than 37,000 acres of land - including some of the last forest near the capital city - has gone up in smoke. At least 150 homes have been damaged, although, so far, there have been no casualties. (See pictures of Greece's wildfires...

Author: /time Magazine | Title: As the Greek Fires Subside, Outrage Grows | 8/24/2009 | See Source »

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