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Optimists say the situation could stabilize relatively quickly. There have been no reports of major damage to Gulf refineries. The problem is there isn't enough electricity to power them. Demand for gasoline typically tapers off after Labor Day. And thanks to a presidential directive, the crude is flowing; 30 million bbl. from the Strategic Petroleum Reserve is being loaned to companies like Exxon. In addition, foreign producers in 25 countries have pledged another 30 million bbl. of crude and refined product. The EPA is allowing sales of less stringently refined fuel, and President Bush is permitting foreign vessels...

Author: /time Magazine | Title: Billion Dollar Blowout: Billion Dollar Blowout | 5/10/2006 | See Source »

...Chinese Communist Party, which has been holding that nation's people hostage for more than a half-century. Under Mao Zedong, Chinese communists caused more than 70 million deaths. Today the Chinese are still not a free people. Many democracy advocates and religious workers are incarcerated in labor camps without due process of law. People are not allowed to organize political parties, and the communist Chinese government, for fear of being toppled, has strict control of the mass media. Thus the Chinese people are blindfolded. Timothy Ho Anaheim, California, U.S. The Price Isn't Right Re "Sweet 16 and spoiled...

Author: /time Magazine | Title: The Ways of Opus Dei | 5/9/2006 | See Source »

...Labor leader Kim Beazley will have a difficult job convincing Middle Australia that the government has abandoned them and that his party of the workers is also the champion of the upward mobility. Perhaps he'll flick the switch to envy, like his predecessor Mark Latham. At the very least, Beazley must be hoping the new workplace regime makes life less comfortable for working families by the time the election is called...

Author: /time Magazine | Title: WEB EXCLUSIVE: As Good As It Gets | 5/9/2006 | See Source »

This Australian Labor M.P. is a rare bird. Plenty of pols write books; only some are deep thinkers, fewer still are prepared to serve up ideas that go against party doctrine. An economist with big dreams, Emerson ranges widely and passion-ately from health to education, infrastructure to population policy, tax to trade. He proposes a universal payment to mothers of children aged under three, equity (rather than debt) funding of students in higher education, and a revival of economic activity in the regions. Many have spoken of the nation's complacency; its obsession with material wealth and comfort...

Author: /time Magazine | Title: 4 Books Beyond the Fray | 5/8/2006 | See Source »

...When President Vicente Fox calls the emigrants "heroes," he is taking advantage of their hard labor. He shouldn't celebrate this migration. It should be considered a tragedy that the Mexican government has not done more to end corruption, enable their economy, and care for its citizens...

Author: /time Magazine | Title: Blame Mexico: the Mess Starts at Home | 5/8/2006 | See Source »

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