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...capital, is wary. "Doing business here is like negotiating with the wind," one Western oil company executive says. The timing of the accusations against BG is curious, coming just weeks after the Kazakh government announced its intention to buy BG's stake in the multinational consortium contracted to exploit the Kashagan field in the northern Caspian Sea - the largest oil and natural-gas deposit to be discovered in the past 30 years. According to the U.S. Energy Information Administration, Kashagan holds between 9 billion and 13 billion barrels of oil. Though crude is not expected to flow before 2008, Kashagan...

Author: /time Magazine | Title: Troubled Waters | 8/1/2004 | See Source »

...ethic in her satirical book, Bonjour Paresse (Hello Sloth: The Art and Necessity of Doing as Little as Possible at Work). Published in May in a modest initial run of 4,000 copies, Maier's essay ridicules the rigidity and bureaucracy of French management culture by urging readers to exploit it, with helpful chapters like "The Idiots You Work with" and "Why You Risk Nothing by Quitting." Maier is an economist with the state-owned Electricité de France (EDF), and though her pamphlet doesn't mention EDF, executives at the firm are not amused. They've summoned...

Author: /time Magazine | Title: Bizwatch | 8/1/2004 | See Source »

...Isolated though it is, the Strait is alive with activity: there are container vessels, fishing trawlers, supply barges, pleasure yachts and the small craft of Torres Strait Islanders and visiting Papua New Guineans. Among them are the boats of people trying to exploit cracks in the system to fish illegally and traffic in drugs, firearms and people. Starting on Thursday Island, the region's administrative hub, Time tags along with marine and land-based Customs officers to find out exactly what border protection means in this key outpost. "It's busy - or it's busier," says Steve Jeffs, Customs' Torres...

Author: /time Magazine | Title: In Hot Pursuit | 7/29/2004 | See Source »

...European constitution than a discredited politician whose name is a byword for lies and spin?" asks Neil O'Brien, campaign director for Vote No. A more immediate problem for Blair is a by-election for Mandelson's parliamentary seat, which may give the antiwar Liberal Democrats another chance to exploit unhappiness with Iraq to overturn a large Labour majority. Blair, who's now on summer holiday, is betting that his controversial friend's third time in high office will be lucky...

Author: /time Magazine | Title: Blair's Man in Brussels | 7/26/2004 | See Source »

...embrace of terrorism. Al-Zarqawi's group kidnapped three Turkish workers last Saturday and threatened to behead them within 72 hours unless Turkish companies withdrew from Iraq. And now the conditions are ripening for the insurgents to turn their armed struggle into a political movement that aims to exploit the upheaval and turn parts of Iraq into Taliban-style fiefdoms. A potential leader is Sheik Mahdi Ahmed al-Sumaidai, a hard-line Salafi imam recently released from Abu Ghraib prison and now based in Baghdad's radical Ibn Taimiya Mosque. Mujahedin leaders and U.S. military and intelligence officers in Iraq...

Author: /time Magazine | Title: Meet The New Jihad | 7/5/2004 | See Source »

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