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...worsening revenue picture for the Iraqi government apparently stirred talk among leadership in Baghdad of allowing the export of oil from Kurdish northern Iraq. Kurdistan, as the semi-autonomous region is known, has long sought to export its significant oil reserves. But the central government in Baghdad has always objected to any such move, insisting that Baghdad control the country's oil exports and its revenues. The dispute has proven to be one of the most intractable impasses in Iraqi politics. Early reports of a possible deal buoyed hopes for a breakthrough, but so far no agreement has emerged...

Author: /time Magazine | Title: How the Economy Could Crush Iraq's Hopes | 5/23/2009 | See Source »

...arrival of the steamship, when three-masted clippers sailed between India and China with cargoes of tea, silver and opium, Singapore was a midway point and a place to drop anchor during the stormy monsoons. Under British colonial rule Singapore developed into a free port where import and export duties were scrapped and passing ships could cheaply purchase all their rigging, provisions, and bunker oil. As the industry grew, the figure of the ship chandler passed into Singapore's literary lore, appearing most memorably in Paul Theroux's 1973 novel Saint Jack, the title character of which...

Author: /time Magazine | Title: Plunge in Trade Is a Boon for Singapore Ship Suppliers | 5/20/2009 | See Source »

...midst of a pandemic won't be easy. Most maskmaking operations have moved outside the U.S., and 90% of masks sold in the U.S. now come from Mexico or China. But if the U.S. suddenly put in orders for millions of masks, Mexico and China would be unlikely to export their supplies before making sure their own populations were fully protected. "HHS knows the problem exists and yet they won't tell the health-care industry," says Mike Bowen of Texas-based Prestige Ameritech, the largest and one of the last remaining American mask manufacturers. "If they would only admit...

Author: /time Magazine | Title: A New Pandemic Fear: A Shortage of Surgical Masks | 5/19/2009 | See Source »

...west German regions such as the environs of Stuttgart, where almost half a million people have been put on short-term work since last October as auto and machinery factories have slowed production. The east has been somewhat protected because its firms don't export as much as their west German opposite numbers. An unmistakable streak of eastern stoicism helps, too. "I notice that when I'm in the west, the fear of this economic crisis is much greater than in the east," says Halle's Mayor Dagmar Szabados. "We've been steeled by crisis here." That may be true...

Author: /time Magazine | Title: What Germany Got for Its $2 Trillion | 5/18/2009 | See Source »

Odiambo's demonstration plots are an opening salvo in a battle between two very different agricultural philosophies. The goal itself is not in dispute: a healthier, wealthier Africa, one that can feed itself and perhaps even export. Both sides also agree that the solution should be green. The disagreement lies over just what that word means. (See pictures of Africa under water...

Author: /time Magazine | Title: Different Shades of Green in Africa | 5/18/2009 | See Source »

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