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...curtain is rising this summer on Rodriguez's most interesting act yet: a five-year, $37 billion PDVSA plan to revive and expand oil production while budgeting almost $2 billion a year for antipoverty initiatives ranging from potable-water to literacy projects. Making PDVSA (called Pedevesa) an oil firm cum development agency will be daunting, even with crude prices hovering near $40 a bbl. Venezuela's oil industry has been waylaid by political turmoil, including a reckless near shutdown by anti-Chavez managers and other employees at PDVSA in 2002 and 2003, intended to paralyze the industry and force Chavez...

Author: /time Magazine | Title: Energy: The Latin Oil Czar | 7/26/2004 | See Source »

Harvard Medical School has reduced its projected five-year deficit of $62 million to $37 million, according to predictions last month following significant staff and budget cuts...

Author: By Wendy D. Widman, CRIMSON STAFF WRITER | Title: HMS Anticipates $37M In Deficits | 7/9/2004 | See Source »

...March 21, 1790, Thomas Jefferson belatedly arrived in New York City to assume his duties as the first Secretary of State after a five-year ministerial stint in Paris. Tall and lanky, with a freckled complexion and auburn hair, Jefferson, 46, was taken aback by the adulation being heaped upon the new Treasury Secretary, Alexander Hamilton, who had streaked to prominence in his absence. Few people knew that Jefferson had authored the Declaration of Independence, which had yet to become holy writ for Americans. Instead, the Virginian was eclipsed by the 35-year-old wunderkind from the Caribbean...

Author: /time Magazine | Title: Thomas Jefferson: The Best Of Enemies | 7/5/2004 | See Source »

...Knightley watched her parents and her elder brother Caleb struggle through the uncertainty of life in the theater, she picked up a few critical lessons. First is the old adage that work is work, meaning that every job is a cause for celebration. "That's why my five-year plan is to take every job I can," Knightley says. "I know for a fact the work is going to dry up, and people will get bored of me. That's not bitterness, just the truth." The second lesson is that acting matters. "There was a sense that my parents' work...

Author: /time Magazine | Title: Keira's Quest | 7/5/2004 | See Source »

...approved drugs work in only 10% to 30% of patients, but in those patients, tumors routinely shrink to less than half their size. The number of new drugs that have been approved is small, their cost is high (at least $20,000 per cycle), and progress is slow. The five-year survival rate for all cancers is 63%, up from 51% in 1975, according to the American Cancer Society. But most of that improvement is attributed to the effectiveness of antismoking campaigns, not to better drugs. Thanks to patients like Louise Jacobs, who is helping to make new, smarter treatments...

Author: /time Magazine | Title: Health: Surviving Cancer | 6/21/2004 | See Source »

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