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...Despite the rich deposits on offer, energy companies were put off by the prices demanded by the Iraqi government, and continuing concerns over the security situation in the country. And their caution has dealt a blow to Baghdad's efforts to raise billions of dollars desperately needed to rebuild. (Watch a video about the gas shortage in Iraq...

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

...ignored, is particularly savvy. In fact, because Obama has been so measured in his response to Iran, Tehran's allies in Latin America, including Chávez, have had trouble gaining anti-Yanqui traction over that crisis. "Latin America's leftist governments have all been waiting for Obama to blow his cool, but it's not happening," says Michael Shifter, vice president of the Inter-American Dialogue in Washington. "It throws them off base...

Author: /time Magazine | Title: The Honduran Coup: How Should the U.S. Respond? | 6/29/2009 | See Source »

...cups a rose at one point in the story, bends to it and watches it blow away in her hands. That might not be the most subtle scene Frears has ever shot, but Pfeiffer's expression, wry, exasperated, sad, is the payoff. Lea is tragically self-aware: while enjoying afternoon tea with former colleagues, which tends to be an amusing, banter-filled affair, she shudders with revulsion at the sight of a portly woman of about her own age - although less well preserved - clutching what looks to be a teenager to her décolletage...

Author: /time Magazine | Title: Chéri: Michelle Pfeiffer, Not Showing Her Age | 6/26/2009 | See Source »

Coca itself evokes an American western boomtown, with the equivalent of saloons and other entertainment for the Halliburton or Texaco employee looking to blow off steam. Across from the canoe dock stands a large military casino, funded by—no surprise—oil. A large amount of oil revenue (the local guides claim 40 percent) is funneled directly into Ecuador’s large military...

Author: By Alexander R. Konrad | Title: A Cloudy Future in Ecuador’s Rainforest | 6/26/2009 | See Source »

...assassination of a powerful local warlord willing to fight Mehsud is a blow to the strategy of the Pakistan security forces of turning local militia against the Taliban. It also casts fresh doubts over Pakistan's enduring habit of aligning itself with lesser-evil militants in order to tackle larger, more immediate threats. Recent history has shown not only that the policy has yielded poor results and sometimes backfired disastrously, but it's also at cross purposes with U.S. efforts in Afghanistan...

Author: /time Magazine | Title: Pakistan Slaying Reveals a Flawed Strategy | 6/25/2009 | See Source »

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