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...Since then, of course, U.S.-Venezuela relations have plummeted farther than a Lake Maracaibo oil drill. Both sides share the blame. But the 1999 phone call bears significance. If anything, Chávez has lately supplanted Castro as Washington's priority regional pariah, yet he celebrated a decade in power this month by winning a democratic referendum that scraps presidential term limits, allowing him to run for re-election for as long as he chooses to. (See pictures of people around the world watching Barack Obama's Inauguration...

Author: /time Magazine | Title: Why Obama Should Talk to Chávez | 2/18/2009 | See Source »

...optimism, it turned out. CNOOC tried to buy UNOCAL, the American oil company, and learned about how xenophobic Congressional leaders in Washington could be. Then Beijing's sovereign wealth fund got suckered by Wall Street sharpies. It poured $3 billion into Blackstone in return for a 10% stake in the New York-based private equity firm in 2007, just before the bottom fell out of global debt and equity markets. One private equity banker in New York says the investment is today "worth about half of what they paid, if they're lucky." (See pictures of TIME's Wall Street...

Author: /time Magazine | Title: China Buys Australia On the Cheap | 2/17/2009 | See Source »

...broad market indexes down near the lows reached last November. The Standard & Poor's 500 index, weighed down by financials, fell 4.56%, while the Dow Industrials sank 3.8%, falling to within a fraction of its November 2008 low. Among the hardest hit sectors were bank stocks, down 10%, oil service stocks, down 8.2%, and semiconductor stocks, which fell 6.7%. Gold Mining was among the rare winners Tuesday, with the industry group rising 2.5%. (See pictures of the top 10 scared traders...

Author: /time Magazine | Title: Why the Stock Market Keeps Plummeting | 2/17/2009 | See Source »

...drinking, and, of course, sexual innuendo. As with many HPT shows, the plot is more a framework in which their punny sex jokes can operate, and the formula works well for them. The show recreates the story of the first Olympics in a town faced with a devastating olive oil crisis and the impending destruction of the Hp (Ate-a-pi) frat house. The ragtag group of townspeople receive the aid of Hugh, who is sent by his rhyme-loving father, Dr. Zeus (Walter B. Klyce ’10), to help the town and earn for himself full divinity...

Author: By Beryl C.D. Lipton, CRIMSON STAFF WRITER | Title: 'Acropolis' Gives Laughs Now | 2/17/2009 | See Source »

Times are tough, but imagine how much worse they would be if the United States were dependent on foreign oil or Americans were still using illegal drugs...

Author: /time Magazine | Title: Saying No to a Car Czar: A Smart First Step on Detroit | 2/17/2009 | See Source »

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