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...respectively. Suppliers benefit from higher prices and so would not be willing to sell. Hedgers, afraid of soaring prices, would buy oil futures, driving the price to unheard-of levels. Worse still, we would have to worry about the oil suppliers themselves getting in on the futures-price action. They can afford to take on huge risks in the oil-futures market because they make such large profits by comparison...

Author: /time Magazine | Title: Why There Should Be More Oil Speculation, Not Less | 7/10/2009 | See Source »

...fundamentalism and the strategies of warlords eager to keep what has been theirs for generations. "I am not sure," McChrystal says, "there are two different people out there with the same reason for the fight." He has to untangle the various threads in this skein and then determine what action - economic development, strong government, death - works best in each case. (Read "Why the Pentagon Axed Its Afghanistan Warlord...

Author: /time Magazine | Title: A New General, and a New War, in Afghanistan | 7/10/2009 | See Source »

...diplomat too. Perhaps the most important military action in the region isn't happening in Afghanistan but across the border in Pakistan. Afghanistan and Pakistan, McChrystal says, are "unique situations that are linked inextricably." Islamabad's fitful offensive against the Taliban in Pakistan has successfully drained resources from the Taliban in Afghanistan. "Money is drying up," Colonel John Spiszer, commander of the 3rd Brigade Combat Team, 1st Infantry Division, along the border, said on June 23. Over the past year, the going prices for guns and ammo "have almost doubled," he noted. "That's a great sign." Such pressure...

Author: /time Magazine | Title: A New General, and a New War, in Afghanistan | 7/10/2009 | See Source »

...change as well. Last fall, an Egyptian man was sentenced to three years in prison in the first known conviction on sexual-harassment charges in the nation's history. In November, the police initiated a harassment crackdown, arresting more than 500 men in a single day - although since then, action to combat the problem has been inconsistent. Women's rights groups are urging that more women take matters into their own hands and file formal complaints - a daunting task, especially as women point to police as being among their daily harassers. "There is a culture here: when someone goes...

Author: /time Magazine | Title: In Egypt, Invoking Islam to Combat Sexual Harassment | 7/10/2009 | See Source »

...Obama is to succeed with his domestic-policy agenda, he needs to convince people that action is necessary on these abstruse issues. He is going to have to demand clear, comprehensible solutions from Congress, and he is going to have to admit what most civilians know in their gut: that a price must be paid for a better, more secure health-care system and action on climate change. This will be easier with the more immediate issue, health-insurance reform. There are compromises that can be made - and Obama should admit that John McCain's plan to tax employer-provided...

Author: /time Magazine | Title: Obama: Getting Down to the Hard Choices | 7/9/2009 | See Source »

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