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While the Obama Administration may think that a gasoline embargo, even a partial one, would pressure the Iranian regime to suspend its nuclear activities, Tehran may be hoping for just that sanction to help it with one of its longtime goals: reducing gasoline consumption. Indeed, the Iranian government, which has been subsidizing pump prices for years and keeping them well below the international market price (at a huge burden to the national budget), would love the U.S. to take the political hit for helping to end the subsidies...

Author: /time Magazine | Title: Pressuring Iran on Nukes: Would a Gas Embargo Help? | 8/31/2009 | See Source »

This is the time of year - second only to December, maybe - when we're reminded how much kids cost. It's nice when states suspend their sales tax for a week of back-to-school shopping, but it doesn't change the fact that somehow we have to start over in September: new sneakers, new notebooks, maybe a new lunch box, because SpongeBob is so last season. Even in hard times, economists have found, children are "recession resistant." As investments, they are living proof of irrational exuberance, a leading indicator of our loss of fiscal discipline...

Author: /time Magazine | Title: Raising a Child Costs Some $221,000, Before College | 8/24/2009 | See Source »

...government was quick and wise to remove “al-naqba” from the textbooks, but it did nothing other than temporarily suspend Jerusalem buses from running through the rioter’s own neighborhood...

Author: By James K. Mcauley, CRIMSON STAFF WRITER | Title: Enemies of the State | 7/29/2009 | See Source »

...Amazon Dozens were killed in Peru's Bagua province as police clashed with indigenous groups incensed by energy developments on their ancestral land. After months of protests, the riots erupted when policemen attempted to clear thousands of demonstrators from a highway. Peru's Congress has moved to suspend further developments...

Author: /time Magazine | Title: The World | 6/22/2009 | See Source »

...whether the prices of stocks or bonds or collateralized debt obligations convey information--they do. There's also much to be said for the insight at the heart of efficient-market theory: markets are hard to outsmart. But when we give up second-guessing the market, we suspend our judgment. And without participants' exercising judgment--applying research, heeding a broker's opinion--markets stand no chance of ever getting prices right...

Author: /time Magazine | Title: The Myth Of the Rational Market | 6/22/2009 | See Source »

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