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...Obama himself is recognizing the shifting winds, and, while calling Monday for a windfall tax on oil-company profits and the opening of the nation's strategic petroleum reserve, he has also said he is open to some kind of compromise that would combine an expansion of offshore drilling with greater support for development of alternative sources of energy...

Author: /time Magazine | Title: The Politics of High Gas | 8/5/2008 | See Source »

...production and possession of illegal explosives. Apprehended in a hospital where he was being treated for injuries suffered when those explosives unexpectedly detonated, 34-year-old Jérôme Soulère confessed to police that he'd been responsible for the July 2006 bombing of a tax-collection office in a neighboring village. He also admitted, police say, to authoring the failed bombing last year of a site the Tour de France was set to pass the following...

Author: /time Magazine | Title: France's Wine Terrorists | 8/1/2008 | See Source »

...McCain's energy answers are often traditional - drilling for oil offshore, building new nuclear-power plants - and occasionally courageous. To the dismay of most Republicans, he supports a cap-and-trade program to limit carbon emissions, although the candidate himself seems not to fully understand that a hidden carbon tax is involved. McCain's opposition to disgraceful boondoggles like the farm bill, which Obama favored, is a real strength, as is his clarity about the economic advantages of free-trade agreements - a weak dollar makes exports the most promising area of economic growth. But for every proposal, there...

Author: /time Magazine | Title: The Recession Election | 7/31/2008 | See Source »

...Journal poll last week showed that 55% of voters are more focused on Obama in this election, with just 27% of voters more focused on McCain. The Arizona Republican has been reduced to rattling off a list of issues he thinks will help him with voters: a temporary gas tax reprieve, more offshore oil drilling and an energy plan called "The Lexington Project," to name...

Author: /time Magazine | Title: McCain's Anti-celebrity Story Line | 7/31/2008 | See Source »

...legal noose tightened around former Thailand Prime Minister Thaksin Shinawatra this week when, on July 31, the nation's Criminal Court found his wife Pojaman Shinawatra guilty of tax evasion, sentencing her to three years in prison in a decision that will likely increase already sharp political tensions in the country...

Author: /time Magazine | Title: Thaksin's Wife Found Guilty | 7/31/2008 | See Source »

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