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...Most notably, the company has agreed to a 2.5% ownership stake in the mine for a group of local landowners, although many others say they have been iced out of the deal. "For Chinese and Papua New Guineans, who are from such different cultures, it will naturally take some time for us to truly understand each other, and sometimes it is not easy," says Wu Xuefeng, deputy general manager at Ramu NiCo. "Our proposal to tackle all these challenges is to address them within our overall sustainability development framework, [and] we are glad that we have been improving along...

Author: /time Magazine | Title: The World of China Inc. | 12/7/2009 | See Source »

...just the fortunes of one war-torn country are at stake. Researchers believe that Iraq's untapped oil reserves total at least 115 billion barrels - the third largest in the world. When fully developed, Iraq's oil industry could significantly boost global crude supplies and even bring down oil prices. Tapping Iraq's oil is an industry event of historic proportions, says Alex Munton, a Middle East analyst at global energy consultancy Wood Mackenzie. "There are very few examples in history you can point to and say, 'A similar thing happened there,' because there really have not been...

Author: /time Magazine | Title: Pump It Up: The Development of Iraq's Oil Reserves | 12/7/2009 | See Source »

...Last Station" itself, the Astapovo railway station where Tolstoy died, Hoffman finally lets Valentin fade into the background and the focus rest on Leo and Sofya. What you carry away from the movie is the reminder that a deathbed is the place where the living stake their possession for the last time and then watch it evaporate in irrelevance. Not a bad end for an imperfect movie...

Author: /time Magazine | Title: The Last Station: Two Stars Enact Tolstoy's Final Days | 12/4/2009 | See Source »

...become a big base for al Qaeda, it has no real bearing on Europeans’ interests. It is more difficult for an American to speak that truth. We inflate the danger due to the shock of 9/11. We also started the war, so we naturally have a greater stake in seeing it through. Europeans clearly don’t feel that. They help us, but there’s no pride of authorship, and their prestige is not on the line...

Author: By Clay A. Dumas | Title: Across the Pond | 12/4/2009 | See Source »

...Senate version of the bill also requires that representatives of the drug industry, the diagnostic-equipment business and medical-device makers - all of which have a financial stake in the results of comparative-effectiveness research - hold seats on the governing board of the new agency in charge of it. The potential for conflict of interest has raised alarms among some in the research community. But Obama's top health adviser, Nancy-Ann DeParle, contends that it's a sign that some of comparative effectiveness's most ardent foes have come around to the idea that technologies and treatments have...

Author: /time Magazine | Title: Health Care Reform: What Happened to Cost Controls? | 12/4/2009 | See Source »

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