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...experts say Venezuelan production is slipping and Chávez's industry policy for the long term is risky. Venezuela, like Mexico and Iran, needs reinvestment and foreign investment to keep its $100??billion industry in prime condition. But with China's and India's demand for crude inspiring projections for exponential growth and the U.S.'s determination to remain a slave to oil, the oil industry may well have hit a point when the short term is the long term--every barrel not pumped today will be worth more tomorrow. "The Venezuelans are investing as much as they want...

Author: /time Magazine | Title: Is Chavez Taking Too Many Oil Risks? | 11/29/2007 | See Source »

Officials at NASN, now run by the Disney-owned U.S. sports boss ESPN--which bought the independent European channel from Irish broadcaster Setanta Sports and venture-capital group Benchmark Capital Europe in 2006 for a reported $120 million--say their goal is to reach 100??million households in Europe, surpassing espn's 93 million subscribers in the U.S. The last person to call such an ambitious shot may have been Babe Ruth, but NASN executives say they've tapped into a growing demographic of European sports fans who no longer consider American baseball, football, college basketball or even NASCAR exotic...

Author: /time Magazine | Title: Baseball in Belgium? | 11/12/2007 | See Source »

...zillionaires have entered the mega-yacht race, one-upping one another in size and cost. Yachts longer than 150 ft. (45 m) go for $20 million to $50 million. Venture capitalist Tom Perkins has beaten them all with the Maltese Falcon. The 289-footer (88 m) cost more than $100??million and is one of the world's largest, fastest sailing yachts. At up to $700,000 a week, it is also one of the most expensive charters--and you're too late. It's booked until...

Author: /time Magazine | Title: Boatloads of Fun | 10/4/2007 | See Source »

...Nationality Act. Exclusion laws passed in the early 1900s had reduced Asian immigration to a trickle. In 1965, the year the Civil Rights Act came into effect, says New York University sociologist Guillermina Jasso, "the racist elements of immigration law were abolished." Annual per-country quotas shot from 100???yes, 100???for most Asian nations to 20,000, with preferences for close relatives of U.S. citizens and those skilled in fields with labor shortages, like medicine. The new law unleashed a wave of immigrants who came to the U.S. to further their education or get a better...

Author: /time Magazine | Title: Between Two Worlds | 1/8/2006 | See Source »

Among the rarest honors that President Bush bestows is induction into the Hundred Degree Club. Its members are the aides who have managed to keep up with him running a dusty three-mile course at his Crawford, Texas, ranch when the temperature is above 100??. It's certainly one way to get to know someone's heart, or at least his heart rate. Harriet Miers, 60, Bush's former personal lawyer, then loyal White House aide, was one of the few women to spend time clearing cedar with Bush on the ranch and pacing him on his runs, and over...

Author: /time Magazine | Title: The Two Knocks on Miers | 10/9/2005 | See Source »

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