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...million barrels per day, the IEA report concludes. It is not difficult to imagine the resulting escalation of international tension as countries scramble to obtain their energy needs. Nor is it hard to foresee the internal chaos another oil shortage will wreak on an unprepared nation. Soon the energy scare of the ‘70s may seem a mild prologue to the real crisis...

Author: By Antony J. Blinken | Title: Guzzling Away | 6/2/2008 | See Source »

...government and the banks are doing everything they can to dismantle the caricature of Iceland as a victim of its own excess, and instead portray it as the target of a financial conspiracy. Prime Minister Haarde has accused international hedge funds of deliberately spreading rumors to create a banking scare, so they could profit by "hook or crook" from wagers that the currency or stocks would tumble. In April, Iceland's Financial Supervisory Authority launched an investigation into an unconfirmed story that back in January, hedge-fund managers had hatched a plan to bet against the currency over drinks...

Author: /time Magazine | Title: Cracks in the Ice | 5/29/2008 | See Source »

...They go ahead and scare kids with communists. These people have no shame.' VIKTOR PEROV, member of Russia's Communist Party, denouncing the new Indiana Jones film, which features a villainous kgb agent, as anti-Soviet propaganda...

Author: /time Magazine | Title: Verbatim | 5/29/2008 | See Source »

...there is mounting unease, in some cases outright fear, at the idea of a nuclear Iran. But Iran is shrugging off U.N. sanctions that Russia and China are ensuring remain half-hearted. And with the U.S. pinned down in Iraq and Afghanistan there's little Washington can do to scare Iran into changing its ambitions. On Sunday, on the flight back to Washington, when Condoleezza Rice was asked if there was any progress on pressuring Iran, she said, "The important thing is that the President significantly advanced the discussion about really using the strengths that this community of states...

Author: /time Magazine | Title: The Incredible Shrinking Superpower | 5/19/2008 | See Source »

...common to most drug ads: they leave you confused about the information. The FDA states that DTC commercials must present a "fair balance" of the benefits and side effects of a drug, but it's obvious most don't. Drug ads are, not surprisingly, meant to sell products, not scare consumers off, so they're notorious for careening quickly through the obligatory list of the medication's risks. Even Saturday Night Live has mocked this technique, with its own commercial for a fake birth control pill, Annuale - a spoof of a real drug ad for Seasonale...

Author: /time Magazine | Title: Do Consumers Understand Drug Ads? | 5/15/2008 | See Source »

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