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...Brazilian deal, Beijing agreed to lend $15 billion to cash-strapped Rosneft, Russia's largest oil company, and an additional $10 billion to Transneft, Russia's biggest pipeline company. The loans will be paid off not in cash but in crude--300,000 bbl. a day from the huge east Siberian oil fields. That's about 4% of China's current demand for crude oil. Over the 20-year life of the deal, Beijing will effectively be paying about $20 per bbl. With oil expected to return to $70 or $80 per bbl., it could be the steal...

Author: /time Magazine | Title: Buying Binge | 4/9/2009 | See Source »

...lies along a riverfront rust belt that extends northwest from Portland as the Columbia River leads to the Pacific Ocean. From the downtown shoreline, where the historic courthouse stands near the chain-link fence surrounding an aging lumberyard, one can watch freighters laden with Chinese goods heading east to Portland and then watch them returning with little or no American merchandise out to the open ocean. (See pictures of the high-seas border patrol...

Author: /time Magazine | Title: Despite Backlash, Illegal Immigrants Stay Put | 4/9/2009 | See Source »

...Italy ON DEADLY GROUND Before dawn on April 6, a devastating earthquake rocked the city of L'Aquila, about 60 miles (95 km) east of Rome, killing at least 260 people. With more than 10,000 buildings damaged or destroyed, some 28,000 people were left homeless--many of them forced to brave frigid temperatures in makeshift tent camps. As rescue workers scrambled to pull survivors from the wreckage, authorities called the 6.3-magnitude quake the nation's worst in 30 years...

Author: /time Magazine | Title: The World | 4/9/2009 | See Source »

...talk, titled “Spotlight on: Chinese Muslims” and jointly organized with the Chinese Students Association, stressed similar points. He described the diversity of Chinese Muslims, who vary from practicing Turkic-speaking Uyghurs in the west to non-practicing Chinese-speaking descendents of Muslims in the east. “I wanted to mess with [audience members’] minds,” he said in an interview after the event. “The idea that ‘Muslim’ and ‘Chinese’ are whole homogenous black-box categories?...

Author: By Antonia M.R. Peacocke, CONTRIBUTING WRITER | Title: Talk Kicks Off Islam Awareness Week | 4/9/2009 | See Source »

...dreaming of 4-years of HUDS eating, Orgo midterms, or beautiful New England weather. Instead, they're contemplating that ravishingly handsome Harvard boy who will whisk them away into a lifetime of I-Banking (insert financial crisis joke here), supported vacations in Monaco, stylish lofts on the Upper East side, a golden retriever, and 2.4 progeny, Harvard class of 2029. Because, really, where else will there ever be a gathering of so many future millionaires, politicians, lawyers and doctors eager to shed lifetimes of awkward social behavior and just get laid...

Author: By Julia S Chen | Title: Dating at Harvard, brought to you by a FlyBy female and Porter's Five | 4/9/2009 | See Source »

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