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...needs of gas-guzzling Western nations, however, are exactly the opposite. Ironically, though, a falling world oil price negates the goal stated by Barack Obama and John McCain to cut America's dependence on foreign oil, especially from the volatile Middle East. That's because although it only accounts for about one-fifth of U.S. imports, oil from Saudi Arabia, Kuwait and other Middle Eastern countries is much cheaper to produce than the more politically popular alternative of oil drilled in Canada or the United States...

Author: /time Magazine | Title: OPEC Wants You to Pay More for Gas | 10/22/2008 | See Source »

...urging banks to boost lending in the wake of the government's $250 billion investment into these firms, industry observers are skeptical that it will actually happen. "The idea that more capital is going to influence how much banks lend is a misconception of how banking works," says John Simons of Corporate Fuel Partners, who has spent 35 years in the commercial banking business. "Banks look at the economic outlook when deciding to make a loan, and the outlook is looking a whole lot worse...

Author: /time Magazine | Title: Crrrunch! Is Your Favorite Company About to Go Bust? | 10/22/2008 | See Source »

...standout performance as he notched two goals, increasing his season total to six. He accumulated a team-high five points on the day. Akpan appeared in top form just in time for the Crimson, as it makes its stretch run toward an Ivy championship. In the 68th minute, John Stamatis passed the ball to Akpan, who dribbled through the top edge of the box before finally knocking the ball into the right side of the goal. The two paired up again, this time scoring from the left side with less than a minute remaining in the game. The Crusaders?...

Author: By Melissa Schellberg, CONTRIBUTING WRITER | Title: Akpan Paces Crimson in Dominating Win | 10/22/2008 | See Source »

...While both Obama and his Republican opponent John McCain support ROTC’s presence on college campuses, Obama has said that if elected, he would favor repealing “don’t ask, don’t tell...

Author: By Kevin Zhou, CRIMSON STAFF WRITER | Title: News Analysis: Obama Win Could End ROTC Battle | 10/22/2008 | See Source »

...most celebrated weekends inevitably tend to fall on the eve of midterms. After a raging Head of the Charles, it was a shock to me that my Korean midterm (that seemed so far off in September) was on Monday at 9 a.m. As I rushed by the John Harvard statue, trying to make it to my test by seven-past, I couldn’t help but overhear admissions tour guide Erica V. Eastspring ’11 explaining to a crowd of feisty, prep-school seniors why she love, loves Harvard so, so much...

Author: By Charles J. Wells, CRIMSON STAFF WRITER | Title: The Beauty of Bilingual English | 10/22/2008 | See Source »

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