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...left-wing Chávez caught Washington by surprise in the fall of 2005 when he announced that Citgo - the Houston-based subsidiary of Venezuela's state-run oil firm, Petróleos de Venezuela - would give millions of gallons of heating oil at half price, and eventually free, to struggling households in the American Northeast and Midwest. By this year, the service has expanded to more than 200,000 families in 23 states. The partisan controversy around it has also grown. Republicans grouse that taking fuel from Chávez, America's chief antagonist in the hemisphere, is unpatriotic...

Author: /time Magazine | Title: Why Can't Big Oil Match Hugo Chávez? | 1/7/2009 | See Source »

Though he led a quiet life, mountain-climbing being among his few personal passions, Merckle was thrust into the headlines in November as it emerged that he lost several hundred million euros when he got caught on the losing end of a short sale of Volkswagen shares. It is believed that he lost as much as €500 million. His trouble was made worse by the spreading financial crunch, which hit his corporate empire hard. (See pictures of the global financial crisis...

Author: /time Magazine | Title: Financial Casualty: Why Adolf Merckle Killed Himself | 1/6/2009 | See Source »

...better listener. Though it might be easier to keep track of quantifiable things like pounds lost or books read, I hope that Harvard’s student body will consider adopting a similar New Year’s resolution for 2009. Here, as anywhere, people tend to get caught up in their own beliefs and concerns, something even more problematic outside of the classroom than in. This resolution does not regard academics; I am not pushing that we all listen to our professors more. It is meant instead for the daily interactions we have with our friends and peers...

Author: By Marcel E. Moran | Title: Lend Your Ears | 1/6/2009 | See Source »

...second or third deployment. Even so, they say it's significantly quieter this time than the last time. Sitting in Baghdad traffic, I watched as the gunner in the MRAP casually tossed a Red Bull out of the turret to an Iraqi pedestrian. The man on the sidewalk caught it as the U.S. soldiers giggled. Later at a dining facility at Camp Liberty, a U.S. base, I was stopped short on my way to the salad bar when I saw the "non-pork grill" - a relatively new addition to meet the needs of the increasing number of Iraqis using...

Author: /time Magazine | Title: Baghdad Bag Claim: A (Happy) Tale of Lost Luggage | 1/5/2009 | See Source »

While Wright failed to get back in sync, fellow freshman Max Kenyi finally seemed to hit his stride. Inconsistent all year, Kenyi had a good outing, pacing the Crimson offensive attack until McGeary caught fire. And with junior standout Jeremy Lin struggling mightily in going 3-of-12 from the field, Kenyi’s play kept Harvard...

Author: By Walter E. Howell, CRIMSON STAFF WRITER | Title: Late-Game Dry Spell Downs Harvard | 1/4/2009 | See Source »

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