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...strictly speaking, spirits made from other kinds of agave are not tequila at all, but mezcal). Much like whiskey or wine, tequila has its own system of classifications. Tequila that has been aged for two months is known as reposado; if it spends more than a year in the barrel, it's classified as a?ejo. The other popular designation?gold?refers to tequila that is flavored with caramel. One of the hottest new brands on the market, XXX Siglo Treinta, is a gold. If that's not to your taste, try El Diamante del Cielo, a rather new and fashionable...

Author: /time Magazine | Title: High Spirits | 5/21/2006 | See Source »

...strictly speaking, spirits made from other kinds of agave are not tequila at all, but mezcal). Much like whiskey or wine, tequila has its own system of classifications. Tequila that has been aged for two months is known as reposado; if it spends more than a year in the barrel, it's classified as añejo. The other popular designation - gold - refers to tequila flavored with caramel. One of the hottest new brands on the market, XXX Siglo Treinta, is a gold. If that's not to your taste, try El Diamante del Cielo, a new and fashionable white...

Author: /time Magazine | Title: High Sprits | 5/16/2006 | See Source »

...course, any number of developments could puncture Wagoner's tires: oil hitting $100 a barrel or a recession in which auto sales tumble. Moody's recently warned of further downgrades of GM's bond ratings, already below investment grade, after GM said it may have to renegotiate terms for $5.6 billion in credit. Should GM's unsecured debt fall below a CCC rating, the GMAC sale would be in jeopardy. "We have to get the GMAC deal closed," Wagoner says when asked what could derail a turnaround...

Author: /time Magazine | Title: Why GM May Not Be Dead | 5/14/2006 | See Source »

...sensible to offer compensation for the lost Iranian profit, as certain negotiators have requested. If we cannot count on their ideology, we can count on our checkbooks. Iran might be the most sensitive issue, but it is not the only one. With oil at $70 a barrel, Russian egos have become as inflated as their reserve surplus, which now amounts to almost $60 billion last year. With part of that money, the Kremlin is contributing aid to the Hamas-led Palestinian Authority, even when the Palestinians miserably failed to condemn the suicide attack in Israel during Passover. This approach (also...

Author: By Pierpaolo Barbieri, | Title: Pride and Prejudice at the Kremlin | 5/5/2006 | See Source »

...Times,” he said. He cited as examples the ‘interest-rate conundrum’—the fact that long-term interest rates have failed to rise with hikes in short-term rates—the presence of oil prices at $70 a barrel without “stag” or “flation” in the economy, and the unprecedented flow of capital from developing nations to the first world. Textbooks, he said, would indicate that “by their very nature” developing countries should be borrowing...

Author: By Cyrus M. Mossavar-rahmani, CRIMSON STAFF WRITER | Title: Endowment Chief Speaks to Students | 5/4/2006 | See Source »

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