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...transportation sector. Since 2003, the price of oil futures contracts on the New York Mercantile Exchange (NYMEX)–the largest coordinated global market for futures trading in commodities–has more than tripled. This major increase in fuel costs has had a seriously detrimental effect on the American economy, causing enormous demand destruction and adversely affecting GDP growth. But despite the passionate advocacy of public figures such as Governor Sarah Palin of Alaska and House Minority Leader John Boehner of Ohio, offshore drilling provides little windfall: drilling will have a minimal, if any, effect on gasoline prices...

Author: By The Crimson Staff | Title: Long Term Gains | 9/28/2008 | See Source »

...Factor bloggers over at Slate have been carrying on a lively argument about how Palin has been deployed and what that tells us. "I'm guessing part of the reason the Palin effect is fading so fast is that they've tried so hard to turn her into a pet - adorable, as you say, but mute," Hanna Rosin argued. "So now she's fetching but useless. And who else could we blame but her male handlers? It can't possibly be her choice. One suspects she would love to take the liberal media on, given the chance." But Dahlia Lithwick...

Author: /time Magazine | Title: In Search of Sarah Palin | 9/27/2008 | See Source »

...cost anything to make,” said Andres W. Martinez, a graduate student at Harvard and one of the developers of the paper technology. “It could be used to test a range of different diseases, and we plan to focus on diseases that effect people in developing countries...

Author: By Alissa M D'gama, CRIMSON STAFF WRITER | Title: Team Plans New Diagnostic Tests | 9/25/2008 | See Source »

...Obama has said little about how he would tackle that fundamental issue as President. Indeed, his short-term proposals - a second round of stimulus checks, for example, and some of his refundable tax credits for working families - could have the opposite effect, spurring more consumer spending. That might make voters happy and briefly goose the economy, but it won't persuade America to stop living beyond its means...

Author: /time Magazine | Title: Who Can Lead Us Out of This Mess? | 9/25/2008 | See Source »

...North is saying, in effect, what gives? And the fact is, they have a point, as even some U.S. State Department officials concede privately. U.S. President George W. Bush publicly held out the prospect of terror delisting as part of an "action for action" principle, the clear implication being that when Pyongyang turned over its declaration, delisting would follow. It hasn't, so yesterday, the North told inspectors for the U.N.'s International Atomic Energy Agency (IAEA), to remove its seals from the regime's reactor at Yongbyon - which provided the nuclear fuel with which the North has built...

Author: /time Magazine | Title: What's Behind North Korea's Nuclear Power Play | 9/25/2008 | See Source »

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