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...placing a divide between America and the rest of the world. Do regulators hoping to ease oil prices really want the dollar price of oil determined in Dubai, the backyard playground of the largest oil exporter? With the proposed regulation, foreign oil suppliers will have a greater futures-market share. The oil market will become more susceptible to manipulation by these suppliers...

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

...despite these efforts and his attempts to share the lessons that he had learned in office, some continue to feel that McNamara ought to have denounced more forcefully and publicly the war while he was in power. His failure to do so and his failure to save thousands of American lives, critics argue, can never be compensated...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Kennedy School Colleagues Reflect on McNamara's Career | 7/10/2009 | See Source »

...recession continues to bite, sex workers from Bangkok to Berlin share Goy's frustration. "People just don't spend that freely anymore," says Anke Christiansen, co-founder of Hamburg's Geizhaus ("Das Original Discount Bordell") where visitor numbers have dropped by as much as 20% since the crisis began. "Customers who used to come to us three times a week now limit themselves to once a week." That newfound restraint has already forced some brothels to shut their doors. In the Czech Republic, where 14% of men admit to having slept with a prostitute, up to half...

Author: /time Magazine | Title: From Bangkok to Berlin, Hard Times Hit the Sex Trade | 7/9/2009 | See Source »

...FRANCISCO, Calif. – Sometime in the next few weeks, Facebook is going to unveil a new privacy policy aimed at getting users to share information with everyone on the Internet. It is the next move in Facebook’s campaign to unseat Twitter as the web’s preferred venue for microblogging. But in its effort to out-tweet Twitter, Facebook is asking its users to make far more of their personal information accessible to many more people. The new privacy rules thus present us with an opportunity to ask a question that has been posed...

Author: By Clay A. Dumas | Title: The Internet Has Added You as a Friend | 7/8/2009 | See Source »

...anecdotes to share? There have been an awful lot. Let me think ... There are a lot of them, and all teach me something different. Spring 2008, went to a FOB [forward-operating base], we had launched a raid, and our guys had been in combat at 5-m distance, so much so that one of the young sergeants had to pick up an enemy machine gun and keep fighting. Another had, although wounded, already picked up a hand grenade that came on his position and attempted to throw it back and lost half of his arm in the process...

Author: /time Magazine | Title: TIME's Interview with General Stanley McChrystal | 7/8/2009 | See Source »

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