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Dates: during 2000-2009
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...While North Korea celebrated our July 4th by firing short-range missiles into the Sea of Japan, South Korea made balky protests and stood on edgy alert. Yet to judge from some of the movies in this now world-class national cinema, you'd think the South's biggest political problem was the repression of its own postwar decades. In the 1970s its film industry produced a number of anti-Communist films; Dachimawa Lee is a parody of these gung-ho, better-dead-than-Red melodramas. That might register only as more grousing from the artistic Left, if the movie...

Author: /time Magazine | Title: Asian Film Fireworks for the Fourth | 7/4/2009 | See Source »

...Last month, when Washington and Ottawa pledged to invest $60 billion in Detroit's biggest car company, Mexico - a partner in NAFTA and an integrated North American auto industry - was conspicuous by its absence at the negotiating table. (See the best cars from the 2009 Detroit Auto Show...

Author: /time Magazine | Title: Canada Spends Big to Save GM, So Why Not Mexico? | 7/3/2009 | See Source »

...operations. But Oil Minister Hussein Shahristani demanded that oil companies lower their profit expectations, offering to pay them $2 for every barrel pumped in Iraq rather than the $4-a-barrel rate sought by oil executives. Chevron, which had negotiated for a year to develop Iraq's second-biggest field, West Qurna, pulled out of the deal on Tuesday, saying it had not met the company's "standard investment criteria." French giant Total and Spain's Repsol also withdrew after failing to secure a better deal from the Iraqis, leaving Baghdad high and dry. "[The Iraqis] approached this auction with...

Author: /time Magazine | Title: The Reasons Behind Big Oil Declining Iraq's Riches | 7/2/2009 | See Source »

...notion that the invasion of Iraq was simply an oil grab took another hit on Tuesday when Baghdad opened the bidding on the rights to develop its massive energy reserves. In a day-long auction of eight huge oil fields - some of the world's biggest - virtually all the 41 foreign companies invited to bid by the Iraqi government balked at the Baghdad terms. The only contract signed was a 20-year deal for a consortium led by BP and China's National Petroleum Corporation to develop the giant Rumaila field in southern Iraq. "Frankly I did not think...

Author: /time Magazine | Title: The Reasons Behind Big Oil Declining Iraq's Riches | 7/2/2009 | See Source »

...embassy staff were arrested for allegedly playing a role in the street protests, although all but one have since been released. Britain, backed by France, says the E.U. should take a firmer position on Iran and has called for envoys to be withdrawn. But Germany and Italy - Iran's biggest trading partners in the E.U. - argue that lines of communication should be kept intact, especially as Tehran is already reeling under the weight of sanctions. (Read "Has Britain Replaced the U.S. as Iran's 'Little Satan...

Author: /time Magazine | Title: How Should Europe Respond to Iran? | 7/2/2009 | See Source »

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