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Like the Ewing and Barnes families on Dallas, the quarrelsome clan that is the OPEC cartel serves as a comforting reminder that the rich have troubles too. OPEC's bench-mark oil price of $28 per bbl. has lately been undercut by non-OPEC producers like Mexico, which last week slashed prices on its best light crude by $1.25 per bbl., to an average of $26.50. Several OPEC members have been cheating on the cartel's production quotas, thus contributing to an oil glut and sliding prices on the world market...

Author: /time Magazine | Title: Business Notes: Jul. 22, 1985 | 4/12/2005 | See Source »

Ever since Chief Justice Earl Warren retired from the U.S. Supreme Court 16 years ago, American conservatives have been waiting for wholesale reversals of the Warren era's liberal precedents. But despite six Republican presidential appointees to the high bench since then, the turnaround has not materialized. One of the most powerful forces holding back the conservative tide has been a small, slightly rumpled, elderly gentleman with a ready smile and a legendary gift for gab, William J. Brennan Jr. Court observers agree that the liberal Justice, even in the supposed exile of dissent, has emerged as the master strategist...

Author: /time Magazine | Title: Law: The Power of Justice William Brennan | 4/12/2005 | See Source »

...fluid pen and tireless work," says Stanford Law Professor Gerald Gunther. The term just ended was a particularly satisfying one for Brennan, highlighted by his authorship of two decisions that strongly reasserted the constitutional separation of church and state. Brennan has spent nearly 29 years on the high bench fighting to uphold such principles, and he has some formidable weapons at his command...

Author: /time Magazine | Title: Law: The Power of Justice William Brennan | 4/12/2005 | See Source »

...some court watchers, Brennan's latter-day accomplishments outshine his early years and will mark him in history as one of the high bench's great dissenters. While a member of the Warren court majority, he was guilty of writing some "slapdash" opinions, says Stanford's Gunther. "To my taste Brennan has been a hell of a lot better since he's had to articulate his views in dissent." In those opinions he generally answers the majority point by point and lays out a narrow interpretation of the ruling, which can be helpful to those who later challenge it. Justice...

Author: /time Magazine | Title: Law: The Power of Justice William Brennan | 4/12/2005 | See Source »

...scanning computer records. The top cop, it seems, had committed the crime of jaywalking in 1980, right in front of Ronald Reagan's California campaign headquarters. His fine: $10. When Meese, then Reagan's chief of staff, did not pay the penalty, it automatically increased to $130.50, and a bench warrant was issued for his arrest. The matter was then apparently forgotten...

Author: /time Magazine | Title: American Notes: Aug 5, 1985 | 4/12/2005 | See Source »

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