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...some demand for crude?as oil passed $40 and then $50 per barrel have been proved wrong. "Warnings that [$50-a-barrel oil] would threaten a global downturn turned out to be too pessimistic," says Richard Berner, an economist at Morgan Stanley in New York. With prices threatening to bust through $70, though, the chances of an energy-related economic slump are growing by the week...

Author: /time Magazine | Title: Peril at the Pumps | 8/29/2005 | See Source »

...series about a prison break would seem to carry the seeds of its own premature conclusion (Scofield must bust his bro out before his execution in three months). But there is a wider, more shadowy scheme at work: people in the government badly want Lincoln dead and silenced. That could sustain a long run, as well as intraprison intrigue, including a simmering racial rumble. And who knows? Maybe, 24-style, Scofield could break out of a bigger and better prison every season (Rikers Island! Guantánamo!). Sure, that would take some strenuous plotting gymnastics. But in its confident debut, Break...

Author: /time Magazine | Title: Television: Why the Caged Bird Sings | 8/28/2005 | See Source »

...island. He and Kumana, who lives on Ranongga Island near Gizo, were invited by President Kennedy to his 1961 inauguration. But the pair never got to Washington; they were duped en route in Honiara, the capital, by colonial officials who sent other Solomons' representatives. Gasa shows off a bust of JFK that one of Kennedy's nephews, Max, gave him in 2002. "Still young," says Gasa, looking at the coconut-green statue through cloudy eyes. "I cried when I heard on the radio that Kennedy had died...

Author: /time Magazine | Title: A Friend in Deed | 8/8/2005 | See Source »

...Burberry plaid is a favorite of hipsters and ladies who lunch; in China, where pirated versions are ubiquitous, it's worn by just about everyone. Which might explain why Chinese copycats are trying to expand their market overseas. Last week Hong Kong customs made its largest ever piracy bust, netting more than 150,000 high-grade Burberry fakes, worth about $8 million, bound for Japan. Eleven people were arrested, including the two suspected ringleaders, who allegedly ran the syndicate out of a legitimate children's clothing store. For now, it seems, Japanese will have to pay full price for their...

Author: /time Magazine | Title: Milestones | 8/1/2005 | See Source »

...Pakistan: Boom or Bust? "Going Up?" on Pakistan's booming economy [July 11] said remittance money sent home by Pakistanis living overseas has flowed into stocks and real estate, driving up the price of property in cities like Lahore and Karachi 300% or more, and triggering a sharp economic upturn. That news leaves me sad and confused. As your report made clear, economic success is a cruel joke to most of our country's 160 million people. The sole beneficiary of skyrocketing property prices is the group composed of the ruling ?lite and the wealthy. They made fortunes...

Author: /time Magazine | Title: Letters | 8/1/2005 | See Source »

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