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...Which means prices will almost certainly remain high - as will pressure on the industry. As delegates toured the Madrid exhibition hall, where beautiful Venezuelan girls in tight white suits handed out ballpoint pens, and men in business suits drank lemonade at the SaudiAramco "bar," a small crowd gathered at the Qatari booth, made up to look like a Bedouin tent. A band of thobe-clad Qatari musicians emerged, singing and dancing joyfully. The applause was desultory...

Author: /time Magazine | Title: No Gloating for Big Oil | 7/2/2008 | See Source »

Illinois Senator Barack Obama enters the General Election with a tight lead, 43% to 38%, over Arizona Senator John McCain, according to a new TIME magazine poll of likely voters. The poll shows Obama gaining only a slight bounce from Hillary Clinton's departure from the campaign early this month...

Author: /time Magazine | Title: Obama Lead Tight Over McCain | 6/26/2008 | See Source »

...more than 45,000 people, including the mayor of St. Louis and the governor of Missouri, have already signed an electronic petition at SaveAB.com. "Like baseball, apple pie and ice-cold beer (wrapped in a red, white and blue label), Anheuser-Busch is an American original," the manifesto declares. (Tight-lipped A-B says it had nothing to do with the petition drive...

Author: /time Magazine | Title: Busch's Last Call in St. Louis? | 6/20/2008 | See Source »

...chilly fiscal discipline and then watched Bill Clinton work a nursing home. A woman started to ask Clinton about the high price of prescription drugs, then dissolved in tears, unable to finish. Clinton immediately went to the woman, dropped to his knees and hugged her; he held her tight for what seemed a long time. It was a reflexive reaction and fairly shocking--neither of us were yet aware of Clinton's rampaging empathy--and very moving. Tim and I looked at each other, and we both had tears in our eyes. "I don't think we'll ever...

Author: /time Magazine | Title: The People's Voice | 6/19/2008 | See Source »

Ever since lead singer Steve Perry injured his hip in 1996, legendary '80s rock band Journey hasn't been the same. Singers Steve Augeri and Jeff Scott Soto tried filling Perry's big shoes (and tight jeans), but the band's success never reached its previous heights and Journey was relegated to a feel-good nostalgia...

Author: /time Magazine | Title: Journey's YouTube Lead Singer | 6/17/2008 | See Source »

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