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...deal, Iraq's first international oil contract in nearly four decades. The British and Chinese companies won the right to drill for 20 years in what is believed to be one of the world's four largest fields with potential reserves of about 65 billion barrels. Though it will earn only $2 a barrel, BP says it aims to keep expenses down by using low-cost Chinese labor and equipment. The group promised Iraq's government that it will nearly triple the field's output from 1 million barrels a day to about 2.8 million barrels a day in just...

Author: /time Magazine | Title: Pump It Up: The Development of Iraq's Oil Reserves | 12/7/2009 | See Source »

...will lose confidence in the ANC." That is the promise of Jacob Zuma. That after half a century in which so many of Africa's independence hopes soured into arrogant dictatorships, the new leader of its proudest democracy accepts that if he wants the job, he's got to earn...

Author: /time Magazine | Title: Could Zuma Be What South Africa Needs? | 12/7/2009 | See Source »

...Connor had beaten Pami twice in the regular season last year, including in Las Vegas, but the Cal Poly wrestler won on the big stage in March, knocking O’Connor out of the national tournament and denying him the chance to earn All-American status for a third year...

Author: By Christina C. Mcclintock, CRIMSON STAFF WRITER | Title: Captain Conquers Grudge Match | 12/7/2009 | See Source »

...Blind Side - the true-life sports movie about a determined white woman and her adopted black son - finally overtook the vampires and werewolves of The Twilight Saga: New Moon at the North American wickets, according to studio estimates. And none of the three debut films in wide release could earn even half of what The Blind Side did. The only movie to spark hopes of box-office gelt and Oscar gold, Up in the Air, opened in limited release. (Read "The Blind Side: What's All the Cheering About...

Author: /time Magazine | Title: Box-Office Weekend: Blind Side Sacks New Moon | 12/6/2009 | See Source »

...That, apparently, did little to quell the discontent, and for good reason. Since the famine in North Korea a decade ago, informal private markets have sprung up across the country, enabling an increasing number of North Koreans to feed themselves and earn a basic living by trading. The U.N. has estimated that about half the calories consumed in North Korea come from food purchased at private markets. Under the new plan, however, the small savers who run those private markets will be stripped of much of the cash they need to run their businesses...

Author: /time Magazine | Title: Economic 'Reform' in North Korea: Nuking the Won | 12/3/2009 | See Source »

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