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...drop. Just a few months ago, some were saying oil might reach $200 a barrel by year's end. "The analysts have been quite surprised by the pace and volatility of the decline," says David Fyfe, senior oil analyst for the International Energy Agency in Paris, which as a rule does not predict oil prices. "The volatility has been quite marked...

Author: /time Magazine | Title: Is Cheaper Oil A Good Thing? | 10/10/2008 | See Source »

...Bath House Rule An extension of the disclosure concern, Diamond reports, was explored by Jews through the unexpected vehicle of marriage law. The tractate Ketubot in the Mishna dictates that a betrothal is valid only if the bride-to-be has no hidden blemishes that would have disqualified the match, had they been public. However, there is a heavy responsibility on the groom: if he has relatives who could have observed the disfigurement by checking out his fiance in the womens' bath but neglected to do have them do so, he can't complain. This suggests (feminist complaints notwithstanding) that...

Author: /time Magazine | Title: The Financial Crisis: What Would the Talmud Do? | 10/10/2008 | See Source »

...victory with a provision in the Wall Street bailout bill that requires insurers to provide the same coverage for mental illnesses as for physical ones. Domenici, whose daughter suffers from schizophrenia, had pushed for more than a decade to bar insurers from limiting coverage of mental illnesses. The new rule could affect policies for 113 million people. But not all riders in the $700 billion package will have such widespread appeal...

Author: /time Magazine | Title: The World | 10/9/2008 | See Source »

...continent's fastest-growing economies are former war zones, such as Angola, Mozambique and Liberia, and - with Angola a notable exception - many of those are also showing most improvement in governance. The index assesses national governments against 57 criteria divided into five broad categories: safety and security; rule of law, transparency and corruption; participation and human rights; sustainable economic opportunity; and human development. Most improved over the past year, for example, was Liberia, which lost more than 250,000 people in two civil wars between 1989 and 2003, but this year rose six places on the governance ranking, to 38th...

Author: /time Magazine | Title: Amid Global Gloom, Good News from Africa | 10/6/2008 | See Source »

...Although the idea of an African renaissance of good governance and economic development had been championed by the likes of South Africa's former President Thabo Mbeki and other veterans of the struggle to end white rule on the continent, Farhan argues that it's precisely because the liberation-era movements are on the wane - as South Africa's African National Congress seemed to be last week, amid a very public schism - that governance is improving. "Those movements used to say, We have the right to stay in power because we are a liberation movement," she says. Across the continent...

Author: /time Magazine | Title: Amid Global Gloom, Good News from Africa | 10/6/2008 | See Source »

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