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...Miller sees it, "Five thousand years of commodity-price history" says that oil should be priced at the "marginal cost of production"--the price at which it makes sense for companies to find and extract it from the ground. And that, Miller says, is currently about $40 per bbl. Oil has shot way higher for perfectly rational reasons, from booming global demand to Hurricane Katrina's impact on refining capacity, but overseas producers have every incentive to boost supply at today's prices, says Miller, which should make up for existing shortfalls. "Barring an unforeseen event"--another Katrina...

Author: /time Magazine | Title: Investing: Bill's Bad Bet | 10/9/2005 | See Source »

...military rescue pilots who flew over Himalayan valleys on their side of the border saw scores of villages pulverized by landslides unleashed by the quake. Pakistani officials also say that the mountain town of Muzaffarabad, also on the Line of Control, with a population of more than a hundred thousand inhabitants, is "70% destroyed...

Author: /time Magazine | Title: Earthquake in Kashmir: "I Thought Doomsday Had Fallen" | 10/8/2005 | See Source »

...that’s not exactly what the Harvard band does. Sure they play “Ten Thousand Men of Harvard” after a Crimson score, but what are they doing, you know, the rest of the game? Generally—at least from where the rest of us are sitting—nothing. Nothing we’re remotely interested in anyway. I mean, it’s great that they’re tossing homemade confetti in the air and in our faces in the fourth quarter and all, but that doesn’t really...

Author: By Timothy J. Mcginn, CRIMSON STAFF WRITER | Title: McGINN 'N' JUICE: It's Time to Shine For Harvard's Band | 10/5/2005 | See Source »

After all, the band has drums! Horns! Cymbals! Other musical instruments! We—the other ten or so thousand fans sitting nearby—would kill to have all that at our disposal. We have a cowbell. Maybe two, if we’re particularly coordinated that...

Author: By Timothy J. Mcginn, CRIMSON STAFF WRITER | Title: McGINN 'N' JUICE: It's Time to Shine For Harvard's Band | 10/5/2005 | See Source »

...Katrina's damage was multiplied a thousand times by the breach of the levees. This is a classic case of the penny-wise, pound-foolish policies of modern politicians and bureaucrats. The problem is not limited to the Bush Administration. Driven by concepts like cost cutting and lean government, shortsighted budget officials may save a few billion dollars, but they end up losing $50 billion when tragedies must be dealt with later on. Anil Kumar Aleti Hyderabad, India...

Author: /time Magazine | Title: Letters | 10/3/2005 | See Source »

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