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The latest cut follows an October cut of 1.5 million barrels a day, which failed to arrest the downward slide in oil futures - prices have plunged a further 18% since November, deepening fears among oil-rich nations of an economic disaster at home. Whereas in July, with futures at a...

Author: /time Magazine | Title: OPEC Cuts Production in Effort to Reverse Price Slide | 12/17/2008 | See Source »

When George H.W. Bush was at Andover, his roommate was the nephew of a man with the curious name of George de Mohrenschildt; in later years, Bush and De Mohrenschildt fraternized in Dallas. In 1962, De Mohrenschildt also befriended a troubled young man named Lee Harvey Oswald. It's just...

Author: /time Magazine | Title: Family of Secrets | 12/17/2008 | See Source »

7 | New York Anatomy of a Scam Celebrated money manager Bernard Madoff was arrested for allegedly bilking investors out of up to $50 billion in a Ponzi scheme described as one of history's largest swindles. The scam's blueprint hasn't changed much since Charles Ponzi's 1920 fraud...

Author: /time Magazine | Title: The World | 12/17/2008 | See Source »

Judging from this saccharine treatment of an action-movie star's adventures in charity, the writer might have been better served building a golden idol to Li. The story charts Li's noble endeavors with uncritical adulation - from plugging shamelessly self-flattering quotes to the strange implication that B-movie...

Author: /time Magazine | Title: Inbox | 12/17/2008 | See Source »

On Amnesty's primary conclusion: "Governments and law enforcement agencies should suspend the use of [Tasers] pending further studies or limit their use to situations where they are immediately necessary to avoid or reduce the likelihood of recourse to firearms. The arbitrary or abusive use of [Tasers] should be punshed...

Author: /time Magazine | Title: Are Tasers Deadly? | 12/17/2008 | See Source »

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