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...East Timor is pressing for a maritime boundary equidistant between the countries. Current arrangements for sharing a sea zone known as the Joint Petroleum Development Area-which give 90% of taxes and royalties to East Timor-bring it about $4 billion. Over the coming decades, an extra $8 billion could go to Dili if it can capture the oil and gas fields to the east and west of the JPDA. But first it must persuade Australia, and then the Indonesians (who occupied the territory between 1975-99), with whom sea-boundary talks are imminent. "The petroleum resources are utterly essential...
...other more fuel-efficient cars. The new hybrids will probably be priced a few thousand dollars above their conventional cousins; about $2,500 is typical now. (The Federal Government is offering a $1,500 tax deduction this year.) It's unclear whether consumers will want to spend the extra bucks if the fuel savings turn out to be minimal. But there's reason to believe that gas prices may not fall after the traditional summer spike, and oil-industry experts say we could be in for permanently higher prices if a surge in demand, notably from India's and China...
Hybrids have plenty of detractors. Critics point out that after paying the extra cash for one, say a $2,500 premium for a hybrid Civic, it will take about a decade to recoup that amount at the pump (at 15,000 miles a year and with gas at $2 per gal.). They claim that if fuel economy becomes an even more important consideration, there are already plenty of fuel-efficient cars and smaller SUVs that are less complex and easier to fix than hybrids...
Sure, he performs his own stunts in the movies. But even for frequently fractured action hero JACKIE CHAN, a recent trip to Cambodia as a U.N. ambassador took some extra daring. Chan helped clear fields strewn with unexploded bombs--yes, he actually removed the live ordnance--with no stunt double in sight. The actor, who next appears in this summer's Around the World in 80 Days, also visited land-mine victims and HIV/AIDS patients. "For a week, whenever I had a dream, I dreamt about digging land mines," he told reporters in Hong Kong. It must be nice...
...almost too good to be true. Researchers have designed a drug that targets and destroys the blood vessels that feed fat cells. The fat cells die and those extra pounds melt away--but only, so far, in rodents. In one experiment, mice that had doubled in size on a high-fat diet were back to normal weight in just a month, no matter what they ate. "If even a fraction of what we found in mice relates to human biology, then we are cautiously optimistic that there may be a new way to think about reversing obesity," says Renata Pasqualini...