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...lives became intertwined in June 2005 after Jackson was cleared of charges that he molested a 13-year-old boy in California. That trial left Jackson, once one of the world's wealthiest entertainers, in financial tatters. Al Khalifa offered Jackson refuge in his oil-rich Gulf state and, the sheik's lawyer said, footed Jackson's $2.2 million legal bill...

Author: /time Magazine | Title: Michael Jackson Settles Out of Court with Sheik | 11/24/2008 | See Source »

...people - are reported almost daily. Millions of workers are being thrown out of their jobs, and economic indicators seem to presage more gloom, with electricity production for industry falling 4% in October, the first time it has declined in a decade. Even the country's seemingly insatiable thirst for oil to fuel its decades' long boom seems to be fading: China's national oil company said late in November that demand had declined "sharply" in recent months as industrial production slowed and was set to fall further...

Author: /time Magazine | Title: Is China Headed for a Hard Landing? | 11/24/2008 | See Source »

...from clear that the government is ready for that kind of investment. In any case, the grid is just one in a very long line of energy priorities that will need to be addressed over the coming decades, as the IEA's report makes clear. Take oil consumption, which the IEA predicts will rise from 86 million barrels a day to 106 million barrels by 2030 (one of the main reasons why the days of triple-digit oil prices will return soon enough). Production at many top oilfields is declining slowly, but that drop-off will accelerate over time. Just...

Author: /time Magazine | Title: Is Obama's Energy Plan Enough? | 11/22/2008 | See Source »

...reduce greenhouse gas emissions - like improving energy efficiency - can pay for themselves with long-term savings. But the sheer size of the figures involved point to the need for intelligent policymaking now, before we install hundreds of new coal power plants or begin ripping up the Rocky Mountains for oil shale...

Author: /time Magazine | Title: Is Obama's Energy Plan Enough? | 11/22/2008 | See Source »

...policy ad that Obama did that did not quote us," boasts Jennifer Palmieri, who does communications for the think tank, and its more politically active offshoot, the Center for American Progress Action Fund. Remember the claim that John McCain wanted to give $4 billion in tax breaks to oil companies like Exxon? The Action Fund came up with that number. What about the dubious charge that McCain planned a 22% cut in Medicare? That was based on a speculative research paper by the same group. While most political ads cite journalists for their facts, the Obama campaign cited CAP research...

Author: /time Magazine | Title: Inside Obama's Idea Factory in Washington | 11/21/2008 | See Source »

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