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...What a difference a financial crisis makes. After the worldwide economic boom went bust, demand abruptly evaporated for many commodities. The Dow Jones - AIG commodity price index has shed more than half its value since mid-2008. The most visible turnaround has been in oil. A year ago, Western governments were pleading with Persian Gulf oil states to ramp up production as oil sped toward $150 a barrel; today, OPEC is twisting off the spigot in an attempt to support crude prices around $50. Some experts believe prices may stay depressed for years to come, due to greater energy efficiency...

Author: /time Magazine | Title: Commodities Conundrum | 5/18/2009 | See Source »

...fringes of Hong Kong have been set up to serve as isolation wards, and the city has invested in epidemiology labs and more hospital beds. "Hong Kong really is the international gold standard when it comes to dealing with infectious disease," says Peter Cordingley, spokesman for the WHO's Western Pacific regional office...

Author: /time Magazine | Title: How to Prepare for a Pandemic | 5/18/2009 | See Source »

There are several good reasons. For one, as Merkel made clear, Germans have a special obligation. "We don't want [history] to repeat itself," as papal adviser Kasper says. The Holocaust also remains an affront to the self-understanding of Christians, and Western civilization as a whole. We learned the word genocide through the Jews. Since Vatican II, the Roman Catholic Church has set the post-Shoah standard in acknowledging the absolute unacceptability of the Jewish loss. Without the Catholic Church's leadership on the issue, other Christian groups might not have followed...

Author: /time Magazine | Title: Pope Benedict on the Question of Judaism | 5/18/2009 | See Source »

...Credit Card. Best Western is offering a $50 Travel Card for Best Western Reward Members, who stay two nights before June 14. To earn the $50 credit, which you can use at any Best Western, guests must first register here. You'll also earn 250 bonus reward points - for a total of 500 points - for each night you book online...

Author: /time Magazine | Title: Anniversary Travel Deals, Even If It's Not Yours | 5/18/2009 | See Source »

...sudden surge that took Asian health officials by surprise, the Japanese health ministry confirmed on Monday at least 125 new cases of the H1N1 virus - or swine flu - in the country's Western prefectures of Osaka and Hyogo. Officials have shut down about 1,000 schools, since many of the infected were high school students. Japan is now, along with the U.K. and Spain, one of the few countries outside of North America where the World Health Organization (WHO) fears sustained human-to-human transmission of the virus could lead to the onset of a full-blown pandemic. "We must...

Author: /time Magazine | Title: Schools Close As Spike in Swine Flu Cases Hits Japan | 5/18/2009 | See Source »

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