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...What if we took out all the traders who had nothing to do with the oil market? That would leave oil suppliers and oil hedgers: those trying to sell oil and those trying to buy oil, respectively. Suppliers benefit from higher prices and so would not be willing to sell. Hedgers, afraid of soaring prices, would buy oil futures, driving the price to unheard-of levels. Worse still, we would have to worry about the oil suppliers themselves getting in on the futures-price action. They can afford to take on huge risks in the oil-futures market because they...

Author: /time Magazine | Title: Why There Should Be More Oil Speculation, Not Less | 7/10/2009 | See Source »

...will take relentless focus to sell health reform and solve the continuing economic crisis. That will not leave much time for climate change, at least not this year - and that is a good thing, because the Waxman-Markey energy bill passed by the House is an excellent candidate for euthanasia. It is a demonstration of all that's wrong with the legislative process in latter-day America. There is a simple solution to this problem: a carbon tax to discourage people from using fossil fuels. That tax could be immediately refunded in the form of lower payroll taxes...

Author: /time Magazine | Title: Obama: Getting Down to the Hard Choices | 7/9/2009 | See Source »

...once again had to deconstruct the implications of such reasoning. Are legal minors in The Netherlands somehow less worthy than American children? Is there some cultural norm about sex in Dutch society that makes children mature enough to rationally decide to sell their bodies to men double, triple, even quadruple their...

Author: By Ahmed N. Mabruk | Title: Red Light | 7/8/2009 | See Source »

AMSTERDAM, The Netherlands—At the age of 16, Mariska Majoor started what would turn out to be a five-year career in prostitution. Before she made the decision to sell her body, Majoor’s teenage life was defined by ultimate indigence: She was living on the streets of Amsterdam, dabbling in hard drugs when she could afford them, suffering from a lack of healthy food and adequate clothing, and really desiring one thing...

Author: By Ahmed N. Mabruk | Title: Red Light | 7/8/2009 | See Source »

What do you think is particularly wrong with what Obama is doing now? President Obama is growing government outrageously, and it's immoral and it's uneconomic, his plan that he tries to sell America. His plan to "put America on the right track" economically, incurring the debt that our nation is incurring, trillions of dollars that we're passing on to our kids, expecting them to pay off for us, is immoral and doesn't even make economic sense. So his growth of government agenda needs to be ratcheted back, and it's going to take good people...

Author: /time Magazine | Title: TIME's Interview with Sarah Palin: 'It's All for Alaska' | 7/8/2009 | See Source »

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