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...prices of the 1970s, Saudi Arabia's economy went through a long-drawn-out slowdown as oil revenues plummeted for most of the 1980s. After a spike when Iraq invaded Kuwait, prices weakened again in the 1990s, even as Saudi struggled to pay off its (large) chunk of the bill for the first Gulf War. At the height of the Asian financial crisis in 1998, oil prices had fallen to just $12 a barrel. This meant that Saudi Arabia - which sells its precious black gold at a discount, on average - was getting just $7 a barrel. Deficit financing...

Author: /time Magazine | Title: Saudi Arabia's Lessons Learned | 5/25/2009 | See Source »

...risks of Community Care for families of the adult autistic or mentally challenged are numerous. Perhaps the greatest worry is that the state will cut the promised funding per client, leaving families to foot the bill. Institutions like Fairview, flawed though they sometimes are, are often necessary for care of the lowest-functioning or violently autistic. The seemingly benign term community care, when it is invoked by conservative state representatives in domed capitols, is too often a code word for budget-cutting. The concept of moving the autistic into loving group homes where they will be taught or looked after...

Author: /time Magazine | Title: Growing Old with Autism | 5/25/2009 | See Source »

DOUGLAS HOGG As Agriculture Secretary, Hogg put in for $3,000 for a moat at his estate and $22,000 for home services. He says he didn't want taxpayers to foot the moat bill...

Author: /time Magazine | Title: The World | 5/25/2009 | See Source »

...fundamental notion underlying U.S. diplomacy with Pyongyang, going back to Bill Clinton's first term as President, is that North Korea can be bribed. In this view, everything that Kim's regime says or does is meant simply to up the ante in negotiations and get the U.S. and its negotiating partners to sweeten their offerings. This conviction is widely shared among career diplomats in Seoul as well, and they joined their State Department colleagues in outrage when the Bush Administration at first took a confrontational approach with the DPRK. Bush's hard-line stance, the critics believe, prompted Pyongyang...

Author: /time Magazine | Title: North Korean Nuke Test: What Good Is Diplomacy? | 5/25/2009 | See Source »

...Congress moved Memorial Day from May 30 to the last Monday in May. But critics say guaranteeing that the holiday is part of a three-day weekend promotes relaxation instead of stressing the holiday's true meaning. In 1989, Senator Daniel Inouye of Hawaii introduced a bill to move the holiday back to the fixed date of May 30. He has reintroduced it in every Congress since then - with no success...

Author: /time Magazine | Title: Memorial Day | 5/24/2009 | See Source »

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