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...sleepy tropical island city of Malabo had hardly changed in years. The capital of Equatorial Guinea, a tiny West African nation of fewer than 500,000 people, consisted of little more than some moldering Spanish colonial buildings, a few palm-lined plazas and the tightly packed shantytowns that en circle most African settlements. Its one claim to fame was that Frederick Forsyth lived there while he wrote his military thriller The Dogs of War. But in recent years, Malabo has been transformed. Office buildings have shot up, hotels and banks have opened, and foreigners, once a novelty, now cram...

Author: /time Magazine | Title: Energy: Black Gold | 12/23/2002 | See Source »

...island nation of Sao Tome and Principe, which sits on perhaps 4 billion bbl. of crude, is also attracting foreign oilmen. These upstart oil-exporting nations join such established giants as Nigeria, which plans to increase its daily output from 1.9 million bbl. to more than 3 million bbl.; Angola, which wants to double its almost 1 million bbl. daily output; and Gabon, which is encouraging more deepwater exploration to prop up declining production. All this action makes the waters off West Africa one of the hottest places for oil exploration in the world. Says Al Stanton, an oil analyst...

Author: /time Magazine | Title: Energy: Black Gold | 12/23/2002 | See Source »

...years, pet-supply executive Andrew King spent about a third of his workweek trapped on the Long Island Expressway, famed for its snail-paced traffic. He felt he had no choice. As president of Kings Cages, a birdcage manufacturer based in Farmingdale, N.Y., about 40 miles east of Manhattan, King has to visit customers scattered all around New York, New Jersey and Connecticut. But one day last spring, as he was spending all morning driving to Oxford, Conn., it suddenly occurred to him that if he had flown from a municipal airport near his business, he would have reached...

Author: /time Magazine | Title: CEOs as Pilots | 12/23/2002 | See Source »

...games begin outside the handsome Guangdong Museum of Art at 38 Yanyu Lu, Ersha Island, where large, red letters that read IN GOD WE TRUST are poised above sculptor Wang Guangyi's bulky, socialist-realist statues of heroic workers that emerge out of the ground like ghosts from the Cultural Revolution. Sincerity jousts with irony, old communist values with new China's avarice. Greed, of course, has the upper hand; many of the works at the exhibition exude ambivalence toward the country's rampant materialism and unchecked urban growth. Liang Juhui's Floating Transported uses video projection to simulate living...

Author: /time Magazine | Title: China's Art Scene: the Naked Truth | 12/23/2002 | See Source »

...heavy hand of artistic censorship in China. It's not quite invisible, however. While a few works reference the Sino-Japanese War, nothing at the exhibition addresses recent traumas, events still imbued with fresh political sensitivity. An installation inspired by last year's U.S. spy plane incident off Hainan Island was scrapped right before the exhibition was set to open, without explanation by authorities. The government is fine with history, so long as it's kept in the past...

Author: /time Magazine | Title: China's Art Scene: the Naked Truth | 12/23/2002 | See Source »

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