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...Which it may. Wall Street heavyweight Goldman Sachs raised the specter of oil at $100 per bbl. even before hurricanes Katrina and Rita disrupted supply lines and briefly pushed oil past $70 at summer's end. Some investors clearly believe Goldman's story: cash flowing into energy-related stock mutual funds this year has reached $6 billion--already more than twice last year's total. These funds now have assets of $21 billion, up from $3 billion just three years ago, according to fund-research firm AMG Data...

Author: /time Magazine | Title: Energy: Fill 'er Up? | 11/20/2005 | See Source »

...Perhaps, but Marie-Claude Vitali, a long-time resident of northern Blois who has worked for nearly 30 years to help locals help themselves, says the mutual accusation and disdain dividing French society from the banlieues must give way to common cause if future violence is to be avoided. "Thirty years of uninterrupted policy errors on integration must end with France accepting the various cultures that now exist within French society - including French-born people who aren't the immigrants their parents are, yet not culturally French either," says the ebullient Vitali. Inspired and driven teachers, more experienced cops...

Author: /time Magazine | Title: French 'Troubles' Reach Tourist Mecca | 11/18/2005 | See Source »

...second term is mired in a swamp of scandal-for a week's swing through Asia, he could at least be assured of a warm welcome at his first stop. In Kyoto, Bush was to meet Japanese Prime Minister Junichiro Koizumi. Bush loves Koizumi, and the feeling is mutual. More to the point, it has become conventional wisdom on both sides of the Pacific to assert that the U.S.-Japan alliance is now closer and stronger than it has ever been-an assessment strengthened by the rapid-fire conclusion of a number of military pacts between the two nations...

Author: /time Magazine | Title: Brothers in Arms | 11/14/2005 | See Source »

...seen, without having to worry about the costs of a massive defense establishment. Legal and constitutional constraints still severely limit Japan's offensive military capabilities. Japanese law does not allow it to consider an attack on its allies as an attack on itself, something that is standard in most mutual defense pacts, and which is the very cornerstone of NATO. The Japanese Prime Minister does not have anything rivaling the independent military powers that the U.S. President and many other heads of government possess. For example, although Koizumi orchestrated Japan's missions to the Indian Ocean and Iraq, each required...

Author: /time Magazine | Title: Brothers in Arms | 11/14/2005 | See Source »

...South Africa,'' De Klerk told the audience at the Nobel awards ceremony. From the same platform, Mandela proclaimed, ''We can today even set the dates when all humanity will join together to celebrate one of the outstanding victories of our century.'' That victory was not easily won, and the mutual enmity between Mandela and De Klerk may be due in part to battle fatigue. There is another reason. Both men knew that their collaboration would, if successful, lead to political rivalry between them. De Klerk the incumbent and Mandela the challenger are now active candidates for the presidency of South...

Author: /time Magazine | Title: NELSON MANDELA & F.W. DE KLERK | 11/3/2005 | See Source »

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