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...Persian Gulf through which roughly 40% of the world's oil needs to pass each day. Coupled with the CNO's request for a blockade review, a deployment of minesweepers to the west coast of Iran would seem to suggest that a much discussed--but until now largely theoretical--prospect has become real: that the U.S. may be preparing for war with Iran...

Author: /time Magazine | Title: The Plan for War Against Iran | 9/17/2006 | See Source »

...jabbering about a weakening housing market has made you glum at the prospect of your own home's losing value, then has the Chicago Mercantile Exchange got a portfolio addition for you. Since May, investors have been able to buy and trade options and futures contracts pegged to home prices in 10 U.S. cities, giving property owners a way to hedge against a bear market--and letting speculators place bets on the direction of house prices in San Francisco, New York City, Chicago, Las Vegas and elsewhere...

Author: /time Magazine | Title: Global Investing: A New Hedge For Your House | 9/17/2006 | See Source »

...Comparative Literature 161, “Modernist Movements.” In typical Lit fashion, it serves up an otherwise tired topic with interdisciplinary, multilingual style. Along with the standard Eliot and Pound, students read in several languages, listen to sound poetry, and critique Expressionist art. Sweet. Although the prospect of coming up with a junior paper topic and an area of study in the one-on-one junior tutorials is daunting, concentrators often rank the class among their favorites. So stick with Lit, even though the crapshoot known as sophomore tutorial draws reviews ranging from the occasional...

Author: NO WRITER ATTRIBUTED | Title: Literature | 9/14/2006 | See Source »

...itself noted, an online poll by the People's Daily website, which carried the story, found that nearly 80% of respondents either thought the forced prison tour was "just for show" or would be ineffective in preventing the officials from illegally profiting from their positions. That is a distressing prospect for Communist Party Cadres, who remain keenly aware that rampant corruption was one of the prime motivating factors behind the huge 1989 Tiananmen Square demonstrations that were finally suppressed by the military at a cost of hundreds of lives...

Author: /time Magazine | Title: Scaring the Chinese Straight on Corruption | 9/14/2006 | See Source »

When it comes to anticipating Middle East crises, the oil futures market plays the canary in the coalmine. And the political risk factor that has done most to propel oil prices to record highs over the past six months has been the prospect of war between the United States and Iran. It's not hard to see why: Iran is the fourth-largest supplier in an already tight world market, and its threat to respond to any attack by closing the Straits of Hormuz - the maritime bottleneck through which oil from Saudi Arabia and the Gulf States must pass - could...

Author: /time Magazine | Title: Iran Nukes: Why a Compromise May Be in the Works | 9/14/2006 | See Source »

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