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...also apparently agreed to sell China-controlled oil company Sinopec (SNP) crude supplies for the balance of the year. It does not take detective work to come to the conclusion that the two arrangements were related. In late 2007, Petrobras said it had discovered new fields far off its coast that contain as much as 8 billion barrels of oil and gas, which would make it one of the largest reserves in the world. China will need a substantial part of that oil for its internal use over the next two or three decades. Brazil needed the capital...

Author: /time Magazine | Title: China Takes On the Global Car Business | 4/20/2009 | See Source »

...team competition trophy for the two-day affair. WOMEN’S WICK AND SHREW TROPHIESHarvard’s women’s squad took home fourth place in the team competition over the weekend at the Women’s Emily Wick/Sloop Shrew regatta hosted by the US Coast Guard Academy. Senior skipper Megan Watson teamed up with sophomore crew Meghan Wareham to place first overall in the 16 races of the A division, earning five victories over the two days of competition.“The pair of Watson and Wareham sailed consistently all weekend...

Author: By Thomas D. Hutchison, CRIMSON STAFF WRITER | Title: Sailing Begins Final Push in Action-Packed Weekend | 4/20/2009 | See Source »

...discovery so remarkable - and worthy of reporting in the journal Astrobiology on April 6 - is not what she saw, but how she saw it. Once a month over the course of three years, Langford stood huddled against the evening chill in lonely Australian farmland and watched as the east coast of Africa shone in the midday sun. Using little more than a backyard telescope and a clever idea, she became the first person in history to see the continents and oceans of Earth by watching their reflections in the Moon. (See pictures of Earth from space...

Author: /time Magazine | Title: Spotting Distant Worlds from the Backyard | 4/19/2009 | See Source »

High-seas trawlers from countries as far flung as South Korea, Japan and Spain have operated down the Somali coast, often illegally and without licenses, for the better part of two decades, the U.N. says. They often fly flags of convenience from sea-faring friendly nations like Belize and Bahrain, which further helps the ships skirt international regulations and evade censure from their home countries. Tsuma Charo of the Nairobi-based East African Seafarers Assistance Programme, which monitors Somali pirate attacks and liaises with the hostage takers and the captured crews, says "illegal trawling has fed the piracy problem...

Author: /time Magazine | Title: How Somalia's Fishermen Became Pirates | 4/18/2009 | See Source »

...have also long been accused by local fishermen of dumping toxic and nuclear waste off Somalia's shores. A 2005 United Nations Environmental Program report cited uranium radioactive and other hazardous deposits leading to a rash of respiratory ailments and skin diseases breaking out in villages along the Somali coast. According to the U.N., at the time of the report, it cost $2.50 per ton for a European company to dump these types of materials off the Horn of Africa, as opposed to $250 per ton to dispose of them cleanly in Europe...

Author: /time Magazine | Title: How Somalia's Fishermen Became Pirates | 4/18/2009 | See Source »

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