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...futures market controls well over $300 worth of oil. We can put a price tag on the whole market: for a mere $4 billion, you can easily control the fate of the entire multitrillion-dollar industry. Goldman Sachs pays out more than that in annual bonuses. (Read "The Reasons Behind Big Oil Declining Iraq's Riches...

Author: /time Magazine | Title: Why There Should Be More Oil Speculation, Not Less | 7/10/2009 | See Source »

...this particular case, there is substance behind the arrogance, and Sarkozy is right. If Israel is ever to have any conclusive peace agreement with its neighbors—or even ease the tension that exists within its own borders, among its own people—Leiberman must go. No questions asked...

Author: By James K. Mcauley | Title: Dear Israel, Listen to France | 7/10/2009 | See Source »

...June 22]. It doesn't look good for the President of the U.S. to be dissed by Iran and North Korea, but since Israel is tiny and surrounded by people who want to wipe it off the map, Obama can make it tremble with one hand tied behind his back. This makes everybody feel better about America's standing in the world, and if twisting Netanyahu's arm to make concessions he considers to be against Irael's interest doesn't work out, and instead of a grand peace deal the country is wiped out, hey, you win some...

Author: /time Magazine | Title: Labour in Trouble | 7/9/2009 | See Source »

...that speculation," he told reporters in Perth yesterday. He was saying what he had to say publicly, but the truth was exactly the opposite. Barring new information as to why, exactly, Hu and his team were arrested, the only basis for speculation as to the motive behind the detentions necessarily revolved around China's anger at Rio Tinto. And until and unless Beijing can put what the foreign-business association representative called "some meat on the bones of this allegation," that's a problem for China...

Author: /time Magazine | Title: Aussie Mining Exec Arrested for Spying in China | 7/9/2009 | See Source »

Soldiers in riot gear shot tear gas at the demonstrators and attempted to quell the crowds by storming entire blocks with squads of 25 to 50 men each. But shopkeepers along the streets provided refuge for the protesters behind metal doors, allowing the demonstrators to reappear on the same streets to the cheers and honks from people in cars who had jammed the streets. Those unable to find safety, however, were beaten mercilessly with wooden batons by the attack squads...

Author: /time Magazine | Title: On Tehran's Streets: Defiance and a Crushing Response | 7/9/2009 | See Source »

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