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...there's far more to oil's big price plunge. SemGroup, of course, was now out of business, and as similar behavior came to a halt at other firms, oil lost its upward momentum. Enter the financial crisis, which dealt the finishing blow. The dollar had weakened during the first revelations of the mortgage crisis, but as that situation spun out of control into an international credit crisis, the currency markets favored the U.S. dollar. Since oil is traded internationally, as the dollar gained value, the price of oil in
 dollars had to come down. A weakening dollar played...

Author: /time Magazine | Title: What Caused the Big Slide in Oil Prices | 11/14/2008 | See Source »

...politics or melodrama. Director Marc Forster (“Monster’s Ball,” “Finding Neverland”) tears through a refreshingly uncomplicated plot that has something to do with water shortages in exotic places—an excuse for Bond to blow things up on three different continents—and swaps out melodrama for the real thing. Bond is still haunted by the betrayal and death of Vesper, his lover from “Casino Royale,” as he tries to hunt down an international cabal called Quantum that...

Author: By Kyle L. K. Mcauley, CRIMSON STAFF WRITER | Title: "Quantum of Solace" | 11/13/2008 | See Source »

There was even bigger news from China, where the government announced a $586 billion stimulus package in an attempt to soften the blow of the coming recession. The China package was big and bold - and a tacit challenge to the Obama Administration. It represented 18% of the Chinese gross domestic product, the equivalent of a $2.4 trillion program in the U.S. Of course, China has bigger problems to solve than we do. Its social safety net is made of tissue; vast sums will be needed to establish a proper health-care and pension system. But much of the $586 billion...

Author: /time Magazine | Title: What a New Energy Economy Might Look Like | 11/13/2008 | See Source »

...about what else the group might have done had it not been arrested. But he did say the "central role of rail travel as a collective means of travel that France has made a priority" was also what made it an inviting target for saboteurs seeking "to strike a blow at a well-functioning French society...

Author: /time Magazine | Title: French Anarchists Charged With Rail Sabotage | 11/11/2008 | See Source »

...Realtors around the country have for the past few years been dealing with the double blow of sinking home prices and falling transactions. That has not only led to lower pay checks and a drop in the number of real estate agents nationwide, but also a rise in foreclosures among realtors themselves. (Read "Four Steps to Ending the Foreclosure Crisis...

Author: /time Magazine | Title: Tales of Woe from Real Estate Agents | 11/10/2008 | See Source »

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