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...Halfway around the world, Venezuela's President Hugo Chávez is confronting a similar predicament. Two years after Chávez won his third term, Venezuela faces a deep recession. The price Caracas gets for its oil has dropped some 70% since July to about $31 a barrel. That has left Chávez with about half the money he budgeted to spend in 2009, and doesn't take into account the millions of dollars Venezuela will lose each month if it abides by recently agreed OPEC production cuts...

Author: /time Magazine | Title: Oil's Sinking Fortunes | 1/8/2009 | See Source »

Richard Corliss needs to get a life. A Romanian horror film among his best of the year? If I want to get depressed, all I have to do is watch CNBC. Seriously, we are in a deep recession, and the world is suffering. Please get out of those artsy theaters, visit the multiplex, have some popcorn and find us a funny movie. Edward Shute, GULPH MILLS...

Author: /time Magazine | Title: The List Issue: Best and Worst | 1/7/2009 | See Source »

Over the course of his two terms in office, President George W. Bush has taken a lot of mostly justified flak from environmentalists. But there's one area where Bush can legitimately claim a deep-green legacy: the oft overlooked field of ocean conservation...

Author: /time Magazine | Title: President Bush's Last Act of Greenness | 1/6/2009 | See Source »

...ocean advocates are just happy that in one of his last acts as President, Bush has finally gone green - for the deep blue...

Author: /time Magazine | Title: President Bush's Last Act of Greenness | 1/6/2009 | See Source »

...also pass a resolution to congratulate or to express sympathy. These are often fairly unanimous, like resolutions expressing sympathy for South Asian tsunami victims, or those celebrating teachers, firefighters, mothers, or Toby Keith (U.S. Rep. Tom Cole of Oklahoma called the country musician "a good Democrat" who "reflects his deep admiration for the troops in his hit song 'American Soldier...

Author: /time Magazine | Title: Congressional Resolutions | 1/6/2009 | See Source »

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