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...from sustained high prices, only from changing prices. So, yes, the recent volatility in the oil market can certainly be attributed to speculation, but speculation cannot support an extended price rally. Major players like banks, on the other hand, are more than just pure speculators, having the resources to drive prices...

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

...much of his early life, McNamara was defined by his striking intellectualism, his tireless focus and drive, and his seeming lack of personal warmth and humanity...

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

...That's the question that many of their allies are asking more and more, as the drive for health-care reform enters a make-or-break month with new signs of problems ahead. The party's liberal base is increasingly insistent that the bill include a strong, government-run public option, like a program similar to Medicare that would serve as an alternative to private insurers. Republicans are calling it a deal killer, which means any bill with a strong government-financed option would necessarily have to go forward without any significant GOP support. But diluting the bill too much...

Author: /time Magazine | Title: Can Democrats Pass Health-Care Reform on Their Own? | 7/9/2009 | See Source »

...continues. The cap-and-trade energy plan "is going to drive the cost of consumer goods and the cost of energy so extremely high." Democratic health-care proposals, she says, look increasingly like the ideas that McCain proposed during the campaign. "One thing reporters aren't asking the Administration is - it's such a simple question, and people around here in the real world, outside of Washington, D.C., want reporters to ask - President Obama, how are you going to pay for this one- or two- or three-trillion-dollar health-care plan? How are you going...

Author: /time Magazine | Title: The Outsider: Where Is Sarah Palin Going Next? | 7/9/2009 | See Source »

...talked with them, there was a countergovernment feeling there, but it wasn't ideological. It certainly wasn't Islamic extremism. And we told them we were going to bring them a road. And they said, "Oh no, no roads. If you put a road here, people will drive up and take our timber." Right away that teaches you that if you don't understand, and you put in a road - just like Greg Mortenson found out [when] he wanted to build a school but the villagers needed a bridge - sometimes you have to stop and figure things out. They...

Author: /time Magazine | Title: TIME's Interview with General Stanley McChrystal | 7/8/2009 | See Source »

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