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...April, Iraq's Ministry of Oil drew up an ?lite roster of companies ranging from Malaysia's Petronas to Russia's Gazprom. The list of 35 corporations, including six American giants, reads like a Who's Who of global oil players, all of whom are invited to bid on eight major oil and gas projects Iraq wants to launch next year. The goal is to get Iraq, currently producing about 2 million bbl. a day, pumping up to 3 million by the end of 2009. The eight oil projects on offer to outside companies chiefly involve refurbishing and developing various...

Author: /time Magazine | Title: Why Iraq Is Still Oil Poor | 8/15/2008 | See Source »

...focused mainly on building what industry insiders snidely refer to as "replicars." Working at a small, unorthodox company meant that Aoki, 31, was given free rein to experiment. What he came up with in late 2006 was a $110,000 supercar modeled after a mythical Japanese snake with eight heads and eight tails. In other words, this is not your average Camry or Accord. The curvaceous car, which looks like something Gaudí might have come up with if he dabbled in automobile design, has so far found 70 buyers across the world, from Bahrain to Malaysia. "We know that...

Author: /time Magazine | Title: Japan's New Groove | 8/14/2008 | See Source »

...graduated from college last month. But when the 21-year-old from Anhui province in southeastern China started going to employment fairs and sending out résumés seven months ago, she didn't expect the job market would be quite so inhospitable. "I've had eight interviews so far," says Huang, an international-trade graduate of Anhui University of Finance & Economics, "but I still don't have a decent offer. And I just had an export-import company in Shanghai cancel an interview. They told me, 'We're not hiring anymore, our business is down...

Author: /time Magazine | Title: Not-So-Great Expectations | 8/14/2008 | See Source »

...their right mind would think I would actually say it. But they used it to say how much of an élitist I am." To say what a pervert Franken is, Coleman alluded to a smutty humor piece about virtual sex that Franken wrote for Playboy eight years ago. Of course, Franken has said much worse, especially if you repeat a joke in the stentorian voice of a political...

Author: /time Magazine | Title: Not So Funny | 8/14/2008 | See Source »

Since the Soviet Union collapsed 17 years ago, Washington in particular has deluded itself into believing that it was somehow a real competitor to Russia in the southern tier of the former Soviet Union - that is, the eight states that make up the Caucasus and the former Soviet Central Asia. Washington acted as if these states were truly independent and sovereign, immune from the influence of the old metropolitan center, Moscow. Washington deliberately ignored how Russia had held on to its military bases in the southern tier, how the successor to the KGB stayed more plugged into intelligence from...

Author: /time Magazine | Title: The Russian Empire Strikes Back | 8/12/2008 | See Source »

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