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...Iraqis voted, DNO had a 55-m rig driven across the Turkish border in about 100 trucks and then assembled it a few kilometers inside Iraq, near Tawke. The rig - owned and operated by the Great Wall Drilling Co., a subsidiary of China's state-owned National Petroleum Corp., has hit several potential deposits of oil more than 3,000 m underground. And a second DNO rig is planned to go up nearby in June. DNO has tried to tamp down soaring expectations. Eide says that although there is "movable oil, we still don't know how much...

Author: /time Magazine | Title: The Race to Tap The Next Gusher | 4/16/2006 | See Source »

...anything in Iraq today, the entry point is Kurdistan," says Magne Normann, DNO's senior vice president and Iraq project director. "It's a stepping-stone for moving into the rest of Iraq when the time is right." Last November a television campaign funded by the Kurdistan Development Corp. was launched on U.S. networks showing serene rural scenes, using the slogan the other iraq. Still, that message has not translated for some. "People in the States think I'm living in the desert, one step ahead of someone who wants to put me in an orange jumpsuit," says Harry Schute...

Author: /time Magazine | Title: The Race to Tap The Next Gusher | 4/16/2006 | See Source »

...foreign workers (including highly skilled ones). That's like adding a city the size of Atlanta each year. But it's a small fraction of the U.S. workforce of 139 million. "No credible estimate exists that [shows] immigrants cause unemployment," says James Smith, a senior economist at the Rand Corp. On the other hand, immigrants at least cause displacement by taking low-paying jobs from some Americans...

Author: /time Magazine | Title: What It Means for Your Wallet | 4/5/2006 | See Source »

Online social networking behemoth MySpace.com was sold for $580 million to News Corp. last year. MySpace received three times as many unique visitors in February as Facebook, according to market research firm comScore...

Author: By Joyce Y. Zhang, CRIMSON STAFF WRITER | Title: Report: Facebook Waits for $2 Billion Bid | 4/3/2006 | See Source »

...flavors. Almost all the drinks come in oversize 24-oz. cans, with the 99¢ price painted on the front to prevent retail markups, and each flavor gets a distinct look. "Arizona's marketing has been in eye-catching, aesthetically pleasing packaging," says Gary Hemphill, managing director of Beverage Marketing Corp., a research and consulting firm. "To win that shelf battle, your package has to look better than the other...

Author: /time Magazine | Title: Mavericks: Raising Arizona | 4/2/2006 | See Source »

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