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...pretend to know what the right wage actually is. In the end, PSLM’s only argument for the adequacy of a $12 wage is that it is more than $6.75—and the principled stand for a universal human right becomes a crude demand for more money...

Author: By Stephen E. Sachs, | Title: Nonsense on Stilts | 1/18/2002 | See Source »

...munitions reached their apparent destination, they would have considerably upgraded the arsenal of the P.A., which is known to have only light arms and crude mortars. Onboard the Karine A were Katyusha rockets, Sagger antitank missiles, Dragunov sniper rifles, advanced mortars and C-4 plastic explosives. The serial numbers had been scratched off the weapons to prevent identification, but Israeli officials tell Time the cargo included antitank mines and rocket-propelled grenades of a design manufactured only in Iran...

Author: /time Magazine | Title: Postmarked Tehran | 1/13/2002 | See Source »

Massita, 61, takes a piece of old cloth from her battered white purse, unfolds it and gingerly lays out seven miniature knives. The crude blades are nicked, the wooden handles worn. An older woman sitting next to her leans over and taps the knives twice with the fingers of her right hand, then touches her forehead. This is to avoid eye problems after looking at the knives, she says...

Author: /time Magazine | Title: The Last Rites | 12/3/2001 | See Source »

...shares in that windfarm yet. So far, the attacks seem only to have helped make dirty old petroleum even cheaper. Benchmark crude has fallen from $27 to $19 since Sept. 10. With the U.S. shocked into recession mode - into which it seemed to be heading in any case - and airlines cutting back dramatically on their jet-fuel consumption, world oil demand has taken its steepest drop since the early 1980s. What's more, the oil producers still can't get their act together. This month, opec decided to cut back production by 1.5 million barrels a day - but only...

Author: /time Magazine | Title: Oil on Troubled Waters | 12/3/2001 | See Source »

...outside the 11-nation cartel to share its pain. Chief among those countries is Russia, the world's second-largest producer. If Russia (along with Norway and Mexico) doesn't cooperate, OPEC has hinted there will be no production cuts. That could mean a price war that would drive crude oil down to around $10 a barrel - well below the $25 average that OPEC favors. So far, Russia has agreed only to a 50,000-barrel...

Author: /time Magazine | Title: Oil on Troubled Waters | 12/3/2001 | See Source »

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