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...futures market - given that it drives the price of oil worldwide - is very small. Dangerously small. To limit trading would make it smaller still. If the government decides to curb trading in the oil-futures market, it would limit trading by purely financial speculators. Instead, the government should focus on trade activity by oil companies, oil suppliers and oil hedgers like airlines. Yes, you read correctly: oil traders with physical ties to crude represent the greatest threat for another price hike...

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 »

...ministry has offered mosques similar guidebooks on issues ranging from terrorism to women's dress. And the solutions proposed in the booklet - which range from a greater adherence to religious and family values to better law enforcement - don't necessarily match the advice preached by women's groups, which focus primarily on drafting formal legislation on the matter and promoting female empowerment. Nevertheless, the ministry's decision to address the issue at all, and on such a scale, may indicate a marked shift from the government's stance just last year: that sexual harassment is the problem of just...

Author: /time Magazine | Title: In Egypt, Invoking Islam to Combat Sexual Harassment | 7/10/2009 | See Source »

...That's because much of the tough work was done during George W. Bush's tenure. Bush received high praise from Africans and aid organizations for hugely increasing the U.S. commitment to Africa, creating new funding streams for AIDS and malaria treatment and research and sharpening the world's focus on helping the continent. And Obama appears no closer to resolving intractable conflicts in places like Zimbabwe, Somalia and Darfur - all thousands of miles from his destination on Friday. (See pictures of tension in Zimbabwe...

Author: /time Magazine | Title: Welcome to OBamako: Africa Awaits Obama's Return | 7/9/2009 | See Source »

...Others regard the overwhelming mandate given to President Yudhoyono in his second and final term as head of state as a means of allowing him to focus more on policy than politics. His vice presidential pick of Boediono, a former central banker with no political affiliations, was another sign of how he resisted political pressures from coalition partners and chose a running mate known as capable and clean. "When he chose Boediono, that was the moment of truth," offers Wimar Witoelar, a former presidential spokesman. "I hope he has the courage not to be pressured by politicians. If it works...

Author: /time Magazine | Title: What Indonesia's President Needs to Do | 7/9/2009 | See Source »

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