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The oil-futures market is tiny compared with the physical oil market: less than 3% of the world's oil consumption over the next year is accounted for in the open interest - the contracts currently being traded - at the New York Mercantile Exchange (NYMEX). To put it in perspective, Saudi...

Author: /time Magazine | Title: Why There Should Be More Oil Speculation, Not Less | 7/10/2009 | See Source »

By 1966, he was privately urging Johnson to establish troop level ceilings and to halt the bombings, which McNamara had come to believe were futile. In 1967, he pressed Johnson more firmly to consider a peace settlement. Johnson, believing that McNamara was aiding a presidential bid by Robert F. Kennedy...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Kennedy School Colleagues Reflect on McNamara's Career | 7/10/2009 | See Source »

"I love the United States, with all its faults. I consider it my second country." (International Herald Tribune, Aug. 8, 2003)

Author: /time Magazine | Title: Susilo Bambang Yudhoyono: The Man Behind Indonesia's Rise | 7/10/2009 | See Source »

This was never going to be easy. The past 30 years have created a crimped, big-C Conservative playing field when it comes to public policy. Congress cringes at the hard stuff, especially anything that can be labeled a tax or a regulation. To make things more difficult, the public...

Author: /time Magazine | Title: Obama: Getting Down to the Hard Choices | 7/9/2009 | See Source »

But even some of those who are old enough to remember Chernobyl and have lingering doubts about nuclear power still want to keep plants running, as they look at the bigger picture. An April poll by the Forsa Institute showed that 57% of all Germans consider atomic energy "dangerous or...

Author: /time Magazine | Title: Nuclear-Power Debate Reignites in Germany | 7/9/2009 | See Source »

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