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...future could be even brighter. Only 30% of Brazil's proven oil reserves are developed, and Petrobras has first call on much of the rest. The volume of those reserves is expected to grow substantially as the company explores the vast Amazon Basin and oil pools off the Atlantic coast. Petrobras has become a leader in drilling deepwater, offshore wells in the so-called Campos Basin off the coast of Rio de Janeiro. Now the company is looking into joint ventures with 56 potential foreign partners, including Exxon, Shell and British Gas, which would allow expanded exploration around the country...

Author: /time Magazine | Title: A TOUCH EXOTIC | 9/29/1997 | See Source »

...each day passes, the outlook appears brighter, and both Emily and Matt hope to return to their respective schools come spring. Until then, however, Emily remains a strong figure on the Crimson bench. As a volunteer assistant, she is able to find solace among her friends...

Author: By Rebecca A. Blaeser, CRIMSON STAFF WRITER | Title: Soccer Star Leaves Field For Family | 9/12/1997 | See Source »

Michael Krantz wrote that the lesson learned from the Microsoft-Apple deal is that "Art may cast a brighter light in the short term, but Commerce generally wins big in the final tally." The truth of the matter is that Commerce invariably needs Art in order to win big (e.g., the Windows imitation of the Mac icon format). Conversely, any artist honest enough to admit it will acknowledge the value of Commerce in his success. In the final analysis, the average consumer doesn't care who wins, Apple or Microsoft, Jobs or Gates. All we want is a product that...

Author: /time Magazine | Title: Letters: Sep. 8, 1997 | 9/8/1997 | See Source »

...lesson? Art may cast a brighter light in the short term, but Commerce generally wins big in the final tally. The high-tech world had spent the past month wondering which Apple-preserving rabbit Jobs would pull from his hat during his MacWorld speech. Now we know: the plan is to backstab Apple's friends by embracing their mutual enemy in one naked grasp for survival. The era of "competition between Apple and Microsoft is over," Jobs told the stunned conclave, announcing Microsoft's $150 million investment and software promises. They could all just get along...

Author: /time Magazine | Title: IF YOU CAN'T BEAT 'EM... | 8/18/1997 | See Source »

...crushed against the ground. It would then be at least two hours before the bags could deflate and one of three metal petals that make up the sides of the ship could open, turning the entire structure upright. Only then could a more powerful transmitter inside send out a brighter radio beacon...

Author: /time Magazine | Title: UNCOVERING THE SECRETS OF MARS | 7/14/1997 | See Source »

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