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...farthest reaches of the farm with a book on Asian archaeology. Rudd majored in Asian studies in college. Diplomatic postings in Sweden and China followed, and his internationalism captured a changing national mood. For the better part of two centuries, Australia's self-perception was that of a chunk of the West that unaccountably found itself floating in the South Pacific. Today, China is Australia's largest trading partner, with Japan second and four other Asian nations rounding...

Author: /time Magazine | Title: Mr. World: Kevin Rudd | 7/13/2009 | See Source »

...just wants the alien robots off the planet. Bay's Obama would probably drive his Prius over Optimus if he had the chance. But no problem; if you still had your hearing in the deafening home stretch of Revenge of the Fallen, you'd know that just about any chunk of metal can be brought back to life by merging the Matrix with its Spark. (I'm fairly sure this process has nothing to do with Keanu Reeves. As for the Spark, without benefit of the Hasbro manual, it's impossible to say whether it is of the plug family...

Author: /time Magazine | Title: Transformers: Revenge of the Fallen Falls Short | 6/24/2009 | See Source »

...theater of operations the Obama administration terms "Af-Pak," the post-Soviet 'Stans to the north present their own strategic quagmire. The tactical support of governments in the region is becoming increasingly vital for U.S. plans to bring stability to Afghanistan. Central Asian countries also sit atop a significant chunk of the world's untapped oil and natural gas reserves, assets that are eyed covetously by both neighboring Russia and China, as well as the West. Yet the region - dominated by corrupt and repressive regimes - is itself precariously poised, home to its own native Islamist insurgencies vulnerable to domestic upheaval...

Author: /time Magazine | Title: Could Central Asia Be the Next Flashpoint? | 6/15/2009 | See Source »

...lost much of its fluff. What remains is the VEBA, the multibillion-dollar trust fund designed to protect a key element of the membership's fabled retirement benefits - which the union refers to as deferred wages. As in the Chrysler deal, the UAW agreed to trade a chunk of the cash GM owed the VEBA for 17.5% equity in the company and other considerations. (Read about Detroit's efforts to reinvent itself...

Author: /time Magazine | Title: Government Motors: Can a Reinvention Save GM? | 5/28/2009 | See Source »

...After the high prices of the 1970s, Saudi Arabia's economy went through a long-drawn-out slowdown as oil revenues plummeted for most of the 1980s. After a spike when Iraq invaded Kuwait, prices weakened again in the 1990s, even as Saudi struggled to pay off its (large) chunk of the bill for the first Gulf War. At the height of the Asian financial crisis in 1998, oil prices had fallen to just $12 a barrel. This meant that Saudi Arabia - which sells its precious black gold at a discount, on average - was getting just $7 a barrel. Deficit...

Author: /time Magazine | Title: Saudi Arabia's Lessons Learned | 5/25/2009 | See Source »

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