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...companies yearning to cash in on Russia's immensely lucrative energy boom, there's an obvious business lesson: choose your partners carefully. The moment a lock-in agreement blocking either side from selling out expired in December, the competing interests of BP and AAR looked set for a collision. Oil giants like BP are used to investing for the long term, knowing that patience is key in this capital-intensive business. AAR would like a faster return. Both sides might have done better, in fact, if one had taken overall control. Indeed, Putin recently recalled warning...

Author: /time Magazine | Title: Another Fine Mess in the Oil Business | 7/9/2008 | See Source »

...obvious risk of McCain's gambit is that it will remind people of his own flip-flops. He used to oppose extending the Bush tax cuts, but now favors it. He used to oppose offshore drilling, but changed his mind. His list of reversals, like Obama's, goes...

Author: /time Magazine | Title: Fight of the Flip-Floppers | 7/7/2008 | See Source »

Dennis sets a financial bar that few if any of his readers are likely to reach, alas. From his estate in Stratford-upon-Avon, England, Dennis tells Time, "It's quite obvious that only a small number of people are actually going to become even the comfortably poor." And how much do the comfortably poor have? "Four or five million bucks," he replies. And be aware that in your climb, he stresses, "compulsion is mandatory...

Author: /time Magazine | Title: Business Books | 7/3/2008 | See Source »

...test being sat on campuses all over Britain. Short of cash, and jostling colleges from America to China for the smartest students and staff, universities across the country are rethinking fund raising. The need is obvious: investment in British higher education stood at 1.1% of GDP in 2004, according to the most recent data from the OECD, while the U.S. spent 2.9%. From medieval Oxford and Cambridge to ambitious modern universities like Warwick, institutions are slowly sharpening their competitive edge. As worldwide college entry rates and numbers of students learning overseas soar, "no matter which way you look...

Author: /time Magazine | Title: Britain's Universities: Funding Excellence | 7/2/2008 | See Source »

...that level that perhaps the biggest changes from 2004 can be seen. McCain has a team of Catholic politicians, including Sam Brownback and Frank Keating, who serve as his surrogates, but has few aides within the campaign to coordinate outreach. The lack of high-level religious advisers became obvious earlier this year when McCain accepted the endorsement of Evangelical pastor John Hagee, who has called the Catholic Church "the great whore of Babylon," a phrase unlikely to warm the hearts of McCain's Catholic supporters...

Author: /time Magazine | Title: The Battle for Catholic Voters | 7/2/2008 | See Source »

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