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...saying that oil production has peaked and is about to start declining sharply--the view of the true peakists. In "peak lite," as some call it, the big issues are not so much geological as political, technical, financial and even human-resource-related (the world apparently suffers from a dearth of qualified petroleum engineers). These factors all delay the arrival of oil on the market, meaning that production would not so much peak as plateau. But with demand rising sharply, especially from China and India, even a plateau could be precarious...

Author: /time Magazine | Title: Peak Possibilities | 11/21/2007 | See Source »

...find. Fernandes expects to fly 4 million passengers this year, twice as many as in 2003. His success heralds a revolution in the airline industry in Asia. Although Americans and Europeans have benefited from low-cost air travel for years, tight regulation, powerful national-flag carriers and a dearth of airports have kept budget airlines at bay in Asia. But finally the region's long-suffering travelers are able to join in. Five years ago, Asia had only one low-cost airline; today there are 13 either already in the air or due to launch later this year. The boom...

Author: /time Magazine | Title: Air Raiders | 11/14/2007 | See Source »

Novartis' sales in 1998 and 1999--slowed by a dearth of lucrative products--increased just 2% a year, while those of its main competitors were growing at about 10 times that rate. Looking for a unifying vision for his new company, Vasella championed "life sciences," the idea that biotechnology would unite nutritional, agricultural and pharmaceutical businesses. But the expected synergies did not materialize for Novartis, or for any other company that tried the life-sciences approach. Once he saw his vision wasn't working, Vasella was quick to abandon it. He divested Novartis of its agribusiness unit...

Author: /time Magazine | Title: Drug Lord | 11/13/2007 | See Source »

...magazine, Amplify, is sponsored by the Harvard College Women’s Center. Editor-in-chief Natasha S. Alford ’08 said she thought of the project while an intern at the Women’s Center last year. She said she was struck by the dearth of campus publications focusing on women and gender instead of just touching upon the issues. Alford said that many of the existing forums on gender issues are “already politicized.” “There are already Students for Choice, and True Love Revolution, but you have...

Author: By Maeve T. Wang, CONTRIBUTING WRITER | Title: Amplify Magazine Debuts | 11/2/2007 | See Source »

...diaspora snap up artwork with local themes to decorate their overseas homes. Nevertheless, it is foreigners - particularly European, American, Japanese and Singaporean collectors - who are driving the modern Asian art boom. The result has been a massive flight of contemporary art from the region. Exacerbating the trend is a dearth of quality modern-art museums in India, China and Vietnam. In August, the central Chinese city of Dujiangyan announced it was lavishing some of the nation's top contemporary artists with their very own museums, but the ploy likely won't draw more than the occasional tourist to this remote...

Author: /time Magazine | Title: The Color Of Money | 11/1/2007 | See Source »

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