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...Leamer, director of the UCLA's Anderson Forecast, the current price slide could drop another $200-to-$250 billion into consumers' pockets, given that as of the second quarter personal spending for gas fuel oil and other energy was about $442 billion on an annualized basis. By way of comparison, Wal-Mart's U.S. stores took in $240 billion in the last fiscal year. "For consumers, it's welcome relief," says Medlock. And because the U.S. is out of its peak summer driving season, there's not too much of an incentive to drive a lot more just because...

Author: /time Magazine | Title: What's Behind (and Ahead for) the Plunging Price of Oil | 10/24/2008 | See Source »

...certain urgency and iconoclasm - could only have been spawned amid the wild experiment that is modern China itself. The country's punk and alternative-rock scenes have been gushed over by excited commentators, eager to cite them as evidence of China's changing mores. But they are staid in comparison to that created by a new breed of artists, who eschew conventional guitar-based music in favor of baffling electronica, extreme noise and found sound...

Author: /time Magazine | Title: Come On Feel the Noise | 10/23/2008 | See Source »

...Torturing Nurse This Shanghai three-piece make a sound so brutal, unforgiving and formless, other underground bands sound effete by comparison...

Author: /time Magazine | Title: Come On Feel the Noise | 10/23/2008 | See Source »

...Geological Survey (USGS), a government agency, made the initial estimate of 5 billion bbl.to 10 billion bbl. for Cuba's northwest offshore sector (known as the Exclusive Economic Zone, or EEZ) in 2004. Tenreyro says Cupet's analysis is based on what he calls a more accurate comparison of similar maritime oil fields like those off Mexico's Gulf Coast. "We're talking about that magnitude," he argued last week. "We have more data" than the USGS. But Cupet, an arm of Cuba's ultra-secret communist government, hasn't offered much more evidence than that. Chris Schenk...

Author: /time Magazine | Title: How Cuba's Oil Find Could Change the US Embargo | 10/23/2008 | See Source »

...hurtle, it ambles. You will find, on the Internet, documentation about the Wineville Chicken Coop matter, and the criminality of then-Mayor George Cryer as a pawn of the Crawford mob, of the L.A.-wide corruption that makes Al Capone's Chicago a shining city on a hill by comparison. Eastwood is after just the facts, ma'am. Weaving all the true-crime elements into a film of multilayered, Chinatown density either doesn't interest Eastwood and Straczynski or is beyond their skill set. The motto seems to be: lay it out; get it done...

Author: /time Magazine | Title: Changeling: True Crime from Clint and Angelina | 10/22/2008 | See Source »

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