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...energy companies worldwide, the oil and gas industry is increasingly ruled by a handful of giants. Though StatoilHydro leads the world in offshore extraction, it's dwarfed by diversified behemoths like BP, ExxonMobil and Gazprom. How can a midsize niche player from Norway possibly thrive in this new hypercompetitive era...

Author: /time Magazine | Title: Norway's Power Play | 11/8/2007 | See Source »

...this era of vicious partisanship America's lawmakers have proved there's still one thing Democrats and Republicans can come together to support: pork. After an overwhelming vote in the House on Nov. 6, it was expected that a united Congress would override a veto for the first time in George W. Bush's presidency. The legislation that inspired this unprecedented alliance did not involve children's health or the Iraq war but rather was a bill stuffed with new Army Corps of Engineers water projects...

Author: /time Magazine | Title: Pork in the Water | 11/8/2007 | See Source »

...here is a sweeping generalization, but perhaps a useful one: Western societies are cultures of personal revelation and exposure, while Muslim cultures are traditionally structured around protecting honor and propriety. On our shrunken planet, the two codes bump up against each other, throwing the other into relief. The same era that's given us Big Brother and a cybervideo of Paris Hilton in flagrante has also produced a striking rise of Western Muslims taking up the veil. The more of private life that Western pop culture reveals, the more that Muslim women decide to conceal. And the differences between...

Author: /time Magazine | Title: Indecent Exposure | 11/8/2007 | See Source »

...Walking into a Nicaraguan barbershop is a bit like stepping back into the colonial era, and some of the equipment in use is not that much newer. My neighborhood barber gives me a straight-blade shave, proceeded by several rounds of ointments and creams, and then a full facial and head massages with some sort of ancient vibrating contraption that looks like a Thomas Edison prototype. I don't know what that thing is, but it keeps me going back...

Author: /time Magazine | Title: Shaving the Heads of State | 11/8/2007 | See Source »

...seems to have been proven right and Pelosi, on yet another issue, has not been able to deliver on her promises to get things done. Organized labor, and half the caucus, is actively lobbying against the first trade treaties a Democratic Congress has been confronted with since the Clinton era. Thursday night the House is anticipated to finally pass the first, and least controversial, of the treaties - the Peru Free Trade Act - before it heads to the Senate, where it is expected to have an easier time. Pelosi and Schwab came to an agreement on the Peruvian and Panamanian Free...

Author: /time Magazine | Title: The Dems Get Stuck on Trade | 11/7/2007 | See Source »

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