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...analysts are jittery this week following comments on Sunday by Vice President Joe Biden that were widely interpreted as a green light to Israel to bomb Iran's nuclear facilities. Many in the industry have long viewed such an attack as a prelude to a nightmare in global energy markets: Iran retaliating by sinking oil tankers in the Strait of Hormuz, blocking the route by which most Persian Gulf oil travels to world markets. "We will be in deep, deep trouble," says Leo Drollas, deputy director and chief economist of the Center for Global Energy Studies in London. "The market...

Author: /time Magazine | Title: Oil Shocks: Biden, Iran and Fears of Another Price Jump | 7/7/2009 | See Source »

...July 24, and its $1 billion in funding expires Sept. 30. Automakers are already lobbying for more cash. Germany sank $6 billion into a similar scrappage program, China put $4 billion into its equivalent of cash for clunkers, and Brazil put up $3 billion, notes Mark LaNeve, GM's vice president of sales, service and marketing...

Author: /time Magazine | Title: How Bad Are Auto Sales? 10 Questions and Answers | 7/6/2009 | See Source »

Mann, from his debut feature film, Thief, through those exemplary TV series Miami Vice and Crime Story to his cop-and-crook, cat-and-mouse Heat with Pacino and De Niro, has fashioned a body of work that puts him up there with Martin Scorsese as American entertainment's definitive chronicler of the underworld. This project promised to be the crowning achievement of a Chicago kid steeped in the lore and chivalric code of the bad guy. And moment by moment, it delivers details that seem true to the time - like the bank-robbery hostages mounted on the getaway...

Author: /time Magazine | Title: Kill Dill: Depp's Dillinger Disappoints | 7/6/2009 | See Source »

Bigelow is a man's director who happens to be a woman. She's paraded her adroitness in two odd subgenres: Near Dark was a nifty teenage-vampire love story, Point Break the all-time surfer-heist movie. She loves to locate affinities in people with opposite agendas, and vice versa; so James is often isolated from his comrades, while he gets into recklessly close contact with the Iraqis. Bigelow is also a whiz at discovering fresh talent, and in Renner she hit the jackpot. The actor is ordinary-looking, pudgy-faced, quiet; can he carry a big film...

Author: /time Magazine | Title: The Hurt Locker: Iraq, With Thrills | 7/6/2009 | See Source »

...vice-presidential candidacy remolded Palin in the eyes of Alaskan Democrats from a moderate willing to reach out across the aisle to a bomb thrower who accused Barack Obama of "palling around with terrorists." As she became more partisan, she lost support in Alaska - her favorable poll numbers are now in the mid-50s, down from the 80s before she was tapped for VP. Without the Democrats, her agenda has gone nowhere, and she's now attacked from both the left and the right. "I saw her on the elevator in the beginning of session in January," Crawford says...

Author: /time Magazine | Title: Why Sarah Palin Quit: The Five Best Explanations | 7/6/2009 | See Source »

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