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...under fire. U.S. regulators are investigating BP's Texas operations, following a 2005 explosion at a refinery in Texas City that killed 15 people and injured more than 170. BP agreed to pay a $21.4 million fine in a partial settlement with Federal regulators. And in April, the U.S. Labor Department fined BP $2.4 million for safety violations at another refinery in Ohio; in a sharp rebuke, a U.S. Labor Department official stated that BP had ?failed to learn from the lessons of Texas City.? BP is contesting that fine, but in the wake of the the Texas City refinery...

Author: /time Magazine | Title: Is BP Really That Green? | 6/29/2006 | See Source »

...embrace because it would mean reoccupying hostile territory without resolving the causes of the conflict. "They could go in," says Galia Golan, Professor of Government, Diplomacy and Strategy at the Interdisciplinary Center in Herzliya, "but how would they get out?" Golan believes that Defense Minister Peretz, leader of the Labor Party, sees a negotiated political solution as the only chance for long-term stability. That's a difficult argument to sustain in the current climate of hostility, in which violence is escalating. While Shalit's family waits nervously to learn of his fate, Israelis and Palestinians are wondering whether they...

Author: /time Magazine | Title: A Kidnapping in Gaza Puts New Pressure on Israel | 6/26/2006 | See Source »

...suit against Northern Securities eventually landed at the Supreme Court, and Roosevelt won a narrow but crucial victory that opened the way for more aggressive use of the Sherman Antitrust Act in other cases. He also established a Department of Commerce and Labor, which included a Bureau of Corporations to monitor the budding monopolies. Roosevelt endlessly reassured Big Business that he intended merely to keep an eye on its conduct. But he let it be known that he meant business too. Only "the corporation that shrinks from the light" would have anything to fear from government, he once said. Then...

Author: /time Magazine | Title: Fighting the Fat Cats | 6/25/2006 | See Source »

...emerging as one of the world's wealthiest nations. It was first in the world in its output of timber, steel, coal, iron. Since 1860 the population had doubled, exports had tripled. But that bounding growth had brought with it all the upheavals of an industrial age--poverty, child labor, dreadful factory conditions. Year after year, workers faced off against bosses with their fists clenched...

Author: /time Magazine | Title: The Making of America — Theodore Roosevelt | 6/25/2006 | See Source »

...while its troops are leading local interventions in East Timor and the Solomons. Under Prime Minister John Howard, Australia's politics have shifted to the right. Although less "p.c." than she appeared a year ago, Prime Minister Clark can still sound like a denizen of Helengrad. New Zealand's Labor-led government has taken quite a different diplomatic and military approach, its impeccable morality matching its near irrelevance as a Polynesian statelet in the broader realm of world affairs. Just on the political surface, never mind what the Sir Humphreys are doing, Australia has Alexander Downer and Kevin Rudd leading...

Author: /time Magazine | Title: Warnings from New Zealand's Birdcage | 6/25/2006 | See Source »

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