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...economist at Morgan Stanley. In addition to geopolitical tension, the hurricane season and its potential to disrupt refineries on the Gulf of Mexico lie ahead. And as we grudgingly get used to $3-per-gal. gasoline--it's been nearly two years since crude oil broke $50 a barrel--companies feel more comfortable passing along their own higher costs to customers...

Author: /time Magazine | Title: What Inflation Means For ... | 7/16/2006 | See Source »

...abused and ignored. Democracy is not a coalition of willing armed forces but a coalition of people. The world's problems today can be solved only by inculcating the maxim that the pen is mightier than the sword rather than the one that says power flows from the barrel of a gun. Samuel Nwankwo Madrid The cover picture of al-Zarqawi with a red X on his face was insensitive and frankly revolting. To revel in the death of a fellow human being, no matter how hateful to you his actions may have been, is no way to encourage...

Author: /time Magazine | Title: Eton Reinvents Itself | 7/11/2006 | See Source »

...Since leftist President Hugo Ch?vez began convincing the cartel's 11 member nations (of which Venezuela is a founder) to rein in world oil supply again after he took office in 1999, the price of crude has lept from less than $10 per barrel to a record $70-plus today. So Ch?vez is using the occasion of hosting a major OPEC meeting this week to trumpet the new mojo he's helped give OPEC - as well as to lobby to bring oil-producing neighbors like Ecuador into OPEC. "This OPEC meeting holds a lot of meaning for us," says Ch?vez...

Author: /time Magazine | Title: How Hugo Chavez Has Primed the Gas Pump | 5/31/2006 | See Source »

...Berlin may find the newly opened Central Station as thrilling as any penalty shoot-out. The $905 million depot consists of a soaring, 321-m-long, 9,000-glass-pane hall covering tracks[an error occurred while processing this directive] running east to west, a 46-m-high barrel-vaulted steel-and-glass hall and two rectangular office buildings running parallel to the underground north-south lines, plus a shopping galleria. It's on the site of the city's Lehrter Stadtbahnhof, inaugurated in 1871, the year the German Empire was founded. Badly damaged in World War II, most...

Author: /time Magazine | Title: Where East Meets West | 5/28/2006 | See Source »

...luck, the lessons of Katrina will at least make evacuations more timely and orderly. But anyone who lives on the Atlantic or Gulf Coast of North America, or on islands in the Caribbean, should begin thinking now about how to deal with a catastrophic storm if it should barrel their way. And emergency management officials would do to go over their disaster plans very, very meticulously...

Author: /time Magazine | Title: A New Hurricane Forecast: No Reason for Reassurance | 5/22/2006 | See Source »

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