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...named Prince is Chuck Prince, who lost his job as Citigroup CEO on Sunday, Nov. 4. The immediate precipitating event was $8 billion to $11 billion (they don't know for sure yet) in fresh losses for his company related to subprime mortgages. Stepping down, Prince said, was the "only honorable course for me to take...

Author: /time Magazine | Title: Assessing the Mess at Citi | 11/8/2007 | See Source »

Humankind doesn't always get a second crack at answering a crisis, but perhaps this fresh encounter with $100 oil amounts to a global do-over. Most of the recommendations in a recent call to arms issued by the National Petroleum Council simply restate what we've known we should have been doing for almost 30 years--improve efficiency and conservation, develop clean and renewable sources of energy, make energy security a central element of national policy and global diplomacy...

Author: /time Magazine | Title: Oil's Silver Lining | 11/8/2007 | See Source »

...which has allowed religious extremists and militants to regroup. They have since spread into more moderate parts of the country. A U.S. National Intelligence Estimate in July found that over the past two years, al-Qaeda had made a comeback in Pakistan, re-established training camps and begun plotting fresh attacks against the U.S. When the cease-fire ended nearly a year later, suicide bombings suspected of being linked to al-Qaeda had become a regular feature of Pakistani life...

Author: /time Magazine | Title: Pakistan's State of Emergency | 11/8/2007 | See Source »

...that aim to reduce the harm of drug use. Questions of drug legality here are hardly a matter of principle. Relatively light drugs as marijuana are not prosecuted in an attempt to isolate their use from that of more addictive drugs, and health services trade used heroin needles for fresh ones to prevent the spread of diseases like AIDS...

Author: /time Magazine | Title: Amsterdam After the Mushroom Ban | 11/7/2007 | See Source »

...Hahn, a professor at the University of Pennsylvania, suggested that the divide between North and South was not as distinct as historians portray it, and that emancipation was a longer and more gradual process. Hahn emphasized the importance of looking at the Civil War period with this fresh point of view, in order to explore ideas usually overlooked. For example, rather than looking at the Northern emancipation and the Southern emancipation as distinct phases, they should be seen as one long, connected process, he suggested. In an interview before the lecture, Hahn explained his take on this part of history...

Author: By Rachel A. Burns, CONTRIBUTING WRITER | Title: Prof Offers New View of Slavery | 11/7/2007 | See Source »

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