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...told reporters after the summit, "I hope that these milk hysterics do not in the end spoil work on the collective rapid-reaction force [the CSTO]." But the milk wars are threatening to sour further. In March, Russia and Belarus made a verbal agreement allowing Belarus concessions on the contract-listed gas prices that Russia charges. But on Monday, Gazprom spokesperson Sergei Kupriyanov told Russian daily Kommersant that the existing contract was never altered, meaning Belarus would have to pay $210 per 1,000 cu m of gas rather than the $150 that was agreed upon - a crippling amount...

Author: /time Magazine | Title: Russia-Belarus Relations Sour over Milk Ban | 6/16/2009 | See Source »

...Earth scientists have discovered a way to solve the planet's energy crisis: harvest an element called helium-3 from the Moon. Apparently this vast effort requires only one human: Sam Bell (Sam Rockwell), who's nearing the end of a three-year contract working alone in a station on the lunar surface. All that time alone, with only a talking computer and some old TV shows as company, has made Sam edgy; he can't wait to be picked up and taken back to Earth, to his loving wife and child. His anxiety escalates to horror when he discovers...

Author: /time Magazine | Title: Moon: A Superior Space Oddity | 6/14/2009 | See Source »

...world, with revenues of more than $500 million for the 2007-08 season, double the level of seven years ago. Free to negotiate its own broadcast-rights deal - top teams in England or Germany, say, must sell TV rights collectively - Madrid is halfway through a $1.4 billion, seven-year contract with broadcaster Mediapro. (See the 100 best TV shows of all time...

Author: /time Magazine | Title: Recession? Spanish Club Pays $130M for Ronaldo | 6/11/2009 | See Source »

...Locking in long-term revenue is typical in the sports business and crucial to spending during a downturn. Besides the broadcast deal, by far the world's biggest with a single sports club, Madrid has another season left in its three-year shirt-sponsorship contract with online betting company bwin, and kit sponsor Adidas is signed up until 2012. Although commercial revenue dipped as a share of Madrid's takings in 2007-08 - the departure of Englishman David Beckham, who helped increase merchandise profits 137% during his four years with the club, had a lot to do with that...

Author: /time Magazine | Title: Recession? Spanish Club Pays $130M for Ronaldo | 6/11/2009 | See Source »

...chair," said Randy Phillips, CEO of AEG Live, the country's second largest concert promoter. "I could not believe it. I mean, these are sophisticated businessmen - my God, a computer glitch?" Not surprisingly, Phillips opposes the merger and has even suggested he may cancel his seven-year contract with Ticketmaster if the deal goes through...

Author: /time Magazine | Title: Ticketmaster, Live Nation: Obama's Antitrust Test | 6/10/2009 | See Source »

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