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...good thing. Prices have already started to drop a bit in recent weeks, and odds are, in the fall they will plunge further as refiners ease away from the expensive cocktails they are forced to use to prevent gas from evaporating in the summer, consumption drops and speculators begin to anticipate a flat U.S. economy over the next few quarters, said Greg Valliere, chief political strategist at Stanford Washington Research Group. "Gas prices are headed lower in the coming weeks because the oil futures market finally is reflecting supply-demand shifts," Valliere said. "There is no policy initiative that could...

Author: /time Magazine | Title: The Politics of High Gas | 8/5/2008 | See Source »

JetBlue Airways hopes to inject a little bit of the lost luxury back into air travel - if not on board (the airline announced on Aug. 4 that it would begin charging $7 to buy in-flight blankets and pillows), then on the ground. This September, the airline will open the doors to its new $743 million, 635,000-square-foot ultramodern terminal at New York City's John F. Kennedy International Airport, whose facilities - including expanded security areas, high-end dining, boutique shopping and free WiFi - the airline hopes, will upgrade and expedite passengers' pre-flight experience...

Author: /time Magazine | Title: Where JetBlue Put Its Millions | 8/5/2008 | See Source »

...According to Kirsten Thompson, director of the Male Contraception Coalition, if Phase III clinical trials were to begin tomorrow on some of those discarded drugs, men would probably have their pick of contraceptive gels or implants - just like women - within five years. Yet, she says, drug companies still aren't interested. Though industry representatives refused to speak to the marketability question for this article, one spokeswoman for Organon, Monique Mols, told the industry journal Chemistry World in 2007, "Despite 20 years of research, the development of a [hormonal] method acceptable to a wide population of men is unlikely...

Author: /time Magazine | Title: The Long Wait for Male Birth Control | 8/3/2008 | See Source »

...imagine it would ever be possible to lose Greenland. The only flaws in the sheer, marble-colored landscape are the black shadows cast by the scattered clouds above. But as our plane heads west toward the old American air base at Kangerlussuaq, puddles of blue glacial melt begin to appear - vast, unblinking eyes that reflect the sky back up. Then the whiteness is suddenly ruptured and the ice wrinkles and thins, revealing slashes of rock beneath the 2.9 million cubic km of ice. By the time the coast comes into sight, the ice sheet ends abruptly, leaving bare brown dirt...

Author: /time Magazine | Title: In Greenland, a Memoir of the Earth | 8/2/2008 | See Source »

...recovering a kidnapped Israeli soldier being held there have prompted the Israelis to abandon their own taboo against dealing with Hamas and negotiate a cease-fire via Egypt. Those pragmatic imperatives will remain even after Olmert has left the scene, as will the ones that prompted Israel to begin negotiating with Syria via Turkey this past spring, in the hope that Damascus can be detached from Iran - something officials close to the Syrian leadership have told TIME will not happen. And the effort to press for action against Iran was never dependent on Olmert's own political standing...

Author: /time Magazine | Title: Israel After Olmert | 7/31/2008 | See Source »

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