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...America's fat petro-cats will probably be off the hook again. They'll remain safe inside their arguments that heating-oil aid to the poor should be the purview of the government - as strange as that may sound coming from an industry that was so tight with an outgoing President who championed private charitable initiative over public handouts. What's left is the irony that for four winters now, hundreds of thousands of Americans have had more reason to thank one of the world's most anti-U.S. leaders than their own President or oil companies...

Author: /time Magazine | Title: Why Can't Big Oil Match Hugo Chávez? | 1/7/2009 | See Source »

...Iowa, we remain far from the global recession's hot spots (knock on wood): Wall Street and Detroit, AIG and WaMu, Chrysler and Bernie Madoff. But the state has its problems, from layoffs by major employers to falling grain prices, bankrupt ethanol plants and state budget woes. And some of those recent scary national headlines - "U.S. Loses 533,000 Jobs in Biggest Drop Since 1974," "Recession Propels Skid in Housing Sales, Prices," "Retail Sales Are Weakest in 35 Years," "In Need of Cash, More Companies Cut 401(k) Match" - are translating into tangible, tell-tale signs on the street where...

Author: /time Magazine | Title: Hard Times: From Wall Street to Elm Street | 1/7/2009 | See Source »

...Coleman supporters remain steadfast that their candidate should contest the results. As they and Coleman argue, it's the legitimacy of the election that matters, not how fast it's completed. Further, two major metropolitan newspapers, the Minneapolis Star Tribune and the St. Paul Pioneer Press, the former of which endorsed Coleman, editorialized Tuesday that an election contest by Coleman is necessary because the Minnesota State Canvassing Board doesn't have the authority of review...

Author: /time Magazine | Title: Coleman vs. Franken: Minnesotans Say Enough Already! | 1/7/2009 | See Source »

...argument that Israel's incursion will give the nation an upper hand in any future talks - and allow it to dictate the terms of a new cease-fire - doesn't really wash. Any new truce will be brokered by third parties; while U.S. President-elect Barack Obama chooses to remain silent, France's Nicolas Sarkozy is offering himself for the role. That alone means Israel won't have everything its way. The international outcry over the humanitarian tragedy unfolding in Gaza means the broker will insist that Israel loosen the economic shackles as well as withdraw troops. And when...

Author: /time Magazine | Title: Analysis: How Hamas Wins by Losing | 1/6/2009 | See Source »

...there has been little sign of massive fight-to-the-finish confrontations. Retreating to remain intact in the face of a heavily armored enemy force supported by air power is a well-established part of the guerrilla-warfare playbook. The fact that so much of Hamas' military capability has not yet been committed to the confrontation underscores the fact that its leadership is not feeling desperate. Hamas leaders believe their key weapon is the mounting pile of civilian casualties and inevitable humanitarian crisis that accompanies military action in a densely populated urban setting. The longer the Israeli military operation endures...

Author: /time Magazine | Title: Despite Gaza Attacks, Hamas Thinks It Has the Upper Hand | 1/6/2009 | See Source »

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