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...atmosphere. With production decreasing because of low price incentives and a great deal of gas likely being lost from capping wells and flaring gas, the oversupply will not last, and the price will be pushed higher by supply and demand fundamentals. The natural gas futures traded on the New York Mercantile Exchange (NYMEX) imply that natural gas prices will more than double in the next year...

Author: /time Magazine | Title: As Oil Explodes, Why Natural Gas Prices Stay Low | 8/27/2009 | See Source »

...Dollars for Dishwashers; buyers will get a rebate if they scrap that energy-sucking appliance for a more efficient one. Arizonans debated boosting election-day turnout with the Voter Reward Act, which proposed treating ballots like lottery tickets: one lucky voter would have won a million dollars. New York City pays public-school students to get good grades...

Author: /time Magazine | Title: Cash for Clunkers: The Bribery Stimulus | 8/27/2009 | See Source »

Last summer, as I flew toward Denver for the Democratic Convention on a small jet with Ted Kennedy, his family and a few friends, I thought of another convention 28 years before. It was the one Kennedy addressed in New York City after losing the Democratic nomination for President to Jimmy Carter. The speech Kennedy hoped to deliver in Denver would echo the earlier one, although a slight change in the closing words would make for a profound shift in mood. The robust Kennedy of 1980, announcing "The dream shall never die," was a young lion in winter, defiant...

Author: /time Magazine | Title: Bob Shrum Recalls Ted Kennedy's Greatest Speech | 8/26/2009 | See Source »

...same crisis when it lasted into the fall, but in the meantime, he invoked it to cancel his one scheduled debate with Kennedy and decline all future ones. Kennedy had surged several times in the long contest. It surprised even us when he trounced Carter in New York. Expecting Kennedy to be defeated, I had originally drafted a statement for him to deliver on the night of that primary that was not just a concession but also a withdrawal from the race. Though the speech wasn't given, its language would be woven into the convention speech two months later...

Author: /time Magazine | Title: Bob Shrum Recalls Ted Kennedy's Greatest Speech | 8/26/2009 | See Source »

...former press secretary and speechwriter for Senator Kennedy, Shrum is now a senior fellow at New York University's Robert F. Wagner Graduate School of Public Service...

Author: /time Magazine | Title: Bob Shrum Recalls Ted Kennedy's Greatest Speech | 8/26/2009 | See Source »

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