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What's fueling the price rise? Growing global demand and investors spooked by political tensions in the Middle East have pushed crude-oil prices up. Gasoline production in the U.S. is down 9% compared with 2005, as hurricane-damaged refineries struggle to return to full production. Finally, changes in energy laws are prompting fuel suppliers to use corn-based ethanol as an additive to help gas burn more cleanly, instead of the additive MBTE, which has health risks. But ethanol supply problems have raised gas prices...

Author: /time Magazine | Title: Pain at The Pump | 4/17/2006 | See Source »

...implications of the rise of China and India go far beyond higher palm-oil prices. There's another, less talked about, shift going on that will profoundly influence investment returns in global markets over the coming years. Since the late 1990s, the U.S. has been on a borrowing and spending binge, aided by low interest rates and very loose monetary policy. As a result, it's running record trade and current-account deficits, particularly with its Asian trading partners, which conversely are running bulging trade and current-account surpluses. Put another way: while the U.S. has been busy consuming...

Author: /time Magazine | Title: Wealth on the Wing | 4/17/2006 | See Source »

...nationwide, a disproportionately tiny number of these students ever win entry to Harvard.‘A GROWTH INDUSTRY’In 1989, Dean of Admissions and Financial Aid William R. Fitzsimmons ’67 said that around five to 10 homeschooled students applied to Harvard yearly.Following the rise in the number of homeschoolers nationwide, between 100 and 200 homeschooled students applied to Harvard this year, says Director of Admissions Marlyn McGrath Lewis ’70-’73. Lewis adds that many other applicants were homeschooled for part of their education.“It?...

Author: By Rachel L. Pollack, CRIMSON STAFF WRITER | Title: Homeschoolers A Small But Growing Minority | 4/17/2006 | See Source »

...seems fitting for a relationship that while relatively warm, is being tested by a multitude of tricky issues. Atop Bush's agenda: the swelling U.S. trade deficit with China, which is more than $200 billion a year. Bush is expected to prod Hu to allow China's currency to rise, making U.S. goods cheaper, imports from China more expensive and the trade imbalance less lopsided...

Author: /time Magazine | Title: Hu's Coming To Lunch | 4/16/2006 | See Source »

Provenzano grew up poor in Corleone. The real-life don began his rise after World War II, when he and his paesano Totò Riina did much of the whacking for rising boss Luciano Liggio. In 1958 Riina and Provenzano led a deadly ambush on the ruling boss Michele Navarra, leaving Liggio the undisputed godfather. Provenzano disappeared into the hills in 1963 after an internal Mafia feud erupted. When Liggio died in prison in 1993, Riina took over as top boss, with Provenzano as his No. 2. Riina was captured the same year and remains behind bars. Provenzano transformed the Mafia...

Author: /time Magazine | Title: How the Tractor Was Mowed Down | 4/16/2006 | See Source »

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