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...Ignacio Torreblanca, a senior research fellow at the European Council on Foreign Relations (ECFR), said such a scenario would effectively split the E.U. in two. "The question is whether Ireland can oblige other Europeans to reject a treaty which they do indeed desire," he said. "So what is the alternative? The answer lies in the treaty coming into force in countries in favor of it, providing they make up two thirds or three quarters of member states and the E.U. population...

Author: /time Magazine | Title: Irish Rebuff Sends Europe Reeling | 6/13/2008 | See Source »

...Israel so much as drops a bomb on one of its reactors or its military training camps, Iran will shut down Gulf oil exports by launching a barrage of Chinese Silkworm missiles on tankers in the Strait of Hormuz and Arab oil facilities. In the worst case scenario, seventeen million barrels of oil would come off world markets...

Author: /time Magazine | Title: How Iran Has Bush Over a Barrel | 6/11/2008 | See Source »

...Many more deaths are likely to occur not with the crack of gunfire but from grinding hunger, experts warn. Scrambling to avert that grim scenario, aid officials and political leaders from about 40 countries converged this week at the Rome headquarters of the U.N.'s Food and Agricultural Organization (FAO) to craft a rescue plan for the world's food supplies. By all accounts, they have arrived late to the crisis. The U.N.'s World Food Program (WFP) calls this emergency a "silent tsunami" that could have dire consequences for more than 100 million of the world's poor...

Author: /time Magazine | Title: Food Prices: Hunger Strikes | 6/5/2008 | See Source »

...frightening--follow-up to the famed and controversial 1972 Club of Rome report on resource depletion, The Limits to Growth. Since then he's remained an avid consumer of the more apocalyptic visions (war, global economic collapse) of what could happen as oil production peaks. "This is the first scenario I've seen where I question the survivability of mankind," he told Fortune in 2005. He doesn't sound quite that gloomy now, but he has seen nothing to make him think oil supplies will become abundant again or that an adequate replacement for oil will be found anytime soon...

Author: /time Magazine | Title: Will the Oil Bubble Burst? | 6/5/2008 | See Source »

...Americans - that may be the biggest sticking point for Warner-Lieberman or whatever comes after it. Conservative groups like the National Association of Manufacturers have released studies that claim the bill will ruin the American economy by raising the price of energy through the roof. But in reality, that scenario is unlikely - the balance of economic studies, including one by the Environmental Protection Agency, say the bill's economic cost will be manageable, and a raft of studies claim that the economic cost of doing nothing will be far higher. "It's not going to be free," says Keohane...

Author: /time Magazine | Title: Trouble with Congress' Green Gambit | 6/1/2008 | See Source »

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