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...make credible promises. If the US re-establishes official relations, American oil companies—who have some of the most advanced petroleum extraction technologies in the world—could easily increase Iranian oil output to its pre-revolutionary output. Reviving the Iranian oil industry to this standard could bring the country nearly $7.5 billion monthly, a massive sum for a country whose annual GDP is around $760 billion...

Author: By Matthew H. Ghazarian | Title: It’s Diplomacy, Stupid! | 1/28/2009 | See Source »

...combat against any potential adversaries in a decisive fashion. During a recent military exercise, dubbed “Northern Edge” by the Pentagon, the Raptor amassed a truly impressive virtual kill ratio against the F-15 and F-16 fighters that have been the de facto standard for aircraft designers all over the world. This simulated exercise, known as a “Red Flag,” pits highly skilled United States Air Force pilots against each other in mock combat. At the end of the fortnight-long excursion in Alaskan airspace, the pilots flying the Raptor...

Author: By Eugene Kim | Title: Why We Need the Raptor | 1/28/2009 | See Source »

...According to the AP, "Already this year, seven companies in the Standard & Poor's 500 index have decreased their dividends, removing some $12 billion from shareholders' pockets in the coming months." The rate of the reductions is the greatest in 50 years. ( See pictures of TIME's Wall Street covers...

Author: /time Magazine | Title: The Death of Dividends | 1/27/2009 | See Source »

...afternoon, including a win over Olympian Dagmara Wozniak. “Caroline’s had an incredible season, and she definitely showed that this weekend,” co-captain Emily Cross said. “She’s been performing at a really high standard. She’s just been doing really great. We’ve fenced a lot of great teams, so it was great to see her step up to the plate the way she did.” Although the rest of the sabre squad lags far behind Vloka in experience...

Author: By Madeleine I. Shapiro, CRIMSON STAFF WRITER | Title: Trip to Queens Ends in Mixed Results for Crimson | 1/27/2009 | See Source »

...disappointment of his supporters and the calls for his resignation (from, among others, the Oregonian, the local police union and JustOut, a local gay periodical), Adams says he is staying on as mayor. But he appears contrite. When asked if the media hold public officials to an impossible moral standard, he simply says, "No," then adds, "It's a very high standard, and it can be intrusive, but I knew what I was getting into when I decided to run for public office, so I'm not complaining about...

Author: /time Magazine | Title: Can Portland's Gay Mayor Survive a Scandal? | 1/27/2009 | See Source »

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