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...before Chávez--could usually be relied on to do that, especially when things got dicey in the Middle East. In the 1990s, a more U.S.-friendly PDVSA ambitiously raised output (even defying its OPEC quota) to earn revenue for new drilling projects. But when Chávez and his anti-U.S. agenda took office in February 1999, prices were languishing at about $10 a bbl.--so the former paratroop commander campaigned to revive OPEC, persuading the cartel to rein in production to boost prices. The effort paid off when the 2003 U.S. invasion of Iraq shook oil markets...

Author: /time Magazine | Title: Is Chavez Taking Too Many Oil Risks? | 11/29/2007 | See Source »

...Analysis 10, “Principles of Economics” veterans, I must already sound truly irrational, even heretical. Because we have been force-fed the message that our world today progresses more rapidly than ever thanks to open markets, free trade, and liberated entrepreneurs, any mention of an anti-capitalist agenda is likely to be dismissed with derision. Yet now, arguably more urgently than ever, it is incumbent upon us to cast off the shackles of that theology of free-market liberation and come to terms with the actual dynamics of the world we live in. For Harvard students...

Author: By Adaner Usmani | Title: An Anti-Capitalist Primer | 11/29/2007 | See Source »

Even at Harvard, critics of Iran and other undemocratic regimes in the Muslim and Arab world fear for their lives and liberty. In contrast, the worst that an anti-Israel activist like Matory has to worry about is a letter to the editor in The Harvard Crimson expressing an opposing view...

Author: By Julia I. Bertelsmann | Title: Who’s Really Trembling? | 11/28/2007 | See Source »

...faculty must reject Matory’s motion when it comes to a vote next month. The motion is not about protecting free speech, but privileging anti-Israel criticism, justified or not. In most Middle Eastern countries, the only permitted form of protest is criticism of Israel. Harvard must not allow itself to become the Western outpost of this false freedom...

Author: By Julia I. Bertelsmann | Title: Who’s Really Trembling? | 11/28/2007 | See Source »

...Annapolis conference was already a failure," Iranian President Mahmoud Ahmadinejad told journalists after a cabinet meeting in Tehran on Wednesday. The U.S. could sponsor a hundred such meetings, he added, and the result would be the same. In Gaza, which is effectively ruled by the fundamentalist Hamas group, anti-Annapolis protesters filled the streets. "They can go to thousands of conferences and we will say in the name of the Palestinian people that we do not accept," Hamas leader Mahmoud Zahar told the demonstrators...

Author: /time Magazine | Title: Can Iran and Hamas Sink Annapolis? | 11/28/2007 | See Source »

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