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...point is, it would only take about $9 billion to control the entire long position in oil. That sounds like an enormous amount of money, but some of the major individual players in oil are bigger than the market itself: Sultan Hassanal Bolkiah Muizzaddin, of Brunei Shell Petroleum, is worth about $23 billion; Saudi Prince Alwaleed Bin Talal Alsaud is worth about $21 billion; Russian Vagit Alekperov of LUKoil is worth about $13 billion. No, we're not implicating any of these guys in market rigging; in fact the list of billionaires with that kind of swag is long...

Author: /time Magazine | Title: Are Oil Prices Rigged? | 8/22/2008 | See Source »

...jobs - and he is played by the English comedian Steve Coogan with the lank hair, toothy smile and blithe sweetness that recall Tiny Tim, the eccentric ukuleleist of the '60s. Coogan has been everywhere lately, starring in little movies (A Cock and Bull Story: Tristram Shandy) and guesting in bigger ones. He had a brief, explosive turn as the director in Tropic Thunder, and he's popped up in Finding Amanda, Hot Fuzz, Marie Antoinette, Night at the Museum and dozens more. Either he's much in demand or his agent has been instructed never to turn down an offer...

Author: /time Magazine | Title: Hamlet 2: The First One Was Better | 8/21/2008 | See Source »

...greatest tool ever invented for connecting people to others who share their interests. For decades, the Democratic Party has relied on outside allies to deliver its votes - unions, black churches, single-interest liberal groups. With some 2 million volunteers and contributors in his online database, Obama is perhaps a bigger force now than any of these. McCain may perceive Obama's enormous celebrity as a weakness - workhorse vs. show horse - but celebrity has its benefits. Obama will accept the nomination in front of a crowd of 76,000 in Denver's professional-football stadium, and the price of a free...

Author: /time Magazine | Title: The Five Faces of Barack Obama | 8/21/2008 | See Source »

...sure that what I was exposed to was all that different from what Bill Clinton was exposed to. He's squarely a baby boomer. I'm sure that what I was exposed to was different from what John McCain was exposed to, because there's a much bigger gap of years there. But you know, the truth is that my education was a pretty standard liberal-arts education. So I was exposed to thinkers on the left. At the same time, I was reading Milton Friedman and Friedrich Hayek, and I was growing up when Ronald Reagan was ascendant...

Author: /time Magazine | Title: Obama on His Veep Thinking | 8/20/2008 | See Source »

Military strategists see it as vindication for their continued calls for heavy, armor-centric warfare, while geo-strategists take it as a lesson in the dangers of a small country baiting a bigger and nearer foe when its key ally packs little more than rhetorical firepower, at least in the short term...

Author: /time Magazine | Title: The Strategic Lessons of Georgia | 8/18/2008 | See Source »

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