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...global appetite for such relics has sparked a lawless gold rush across Asia. In the past year alone, Indian police busted a smuggling ring that allegedly stripped hundreds of temples and monuments of sculptures and frescoes, then sent them on to be sold to collectors in the U.S. and Europe; Cambodian cops seized several truckloads of priceless Khmer sculptures crudely ripped from archaeological sites in Banteay Meanchey province; and Chinese officials uncovered the theft of 158 pieces of religious statuary from a collection lent to a museum in Chengde by the Forbidden City's Palace Museum in Beijing. Over...

Author: /time Magazine | Title: Asia's Looted Treasures: Stealing Beauty | 10/27/2003 | See Source »

...early 2001 whispers began circulating that collectors would pay big money for anything dug up from the tomb of Empress Dou, a mighty dowager who died in 135 B.C. So well known was the burial site that locals assumed grave robbers had relieved the tomb's chambers of any gold or silver centuries ago. But now collectors were willing to pay for artifacts the farmers hadn't imagined anyone would want: clay pots grimy with antiquity, chipped ceramic statuettes and other detritus of burial rites. A local antiques dealer offered prospective tomb raiders $60 for a night's work--about...

Author: /time Magazine | Title: Asia's Looted Treasures: Stealing Beauty | 10/27/2003 | See Source »

...little money. "His idea of a relaxing way to make a payment was to drive to Nevada and shoot craps all night." The remembered details of family life yield vivid metaphors for her theme, none better than this: in a Sacramento house the Didions moved into in 1951, the gold silk organza curtains on the stairs hadn't been changed since 1907. They "hung almost two stories, billowed iridescent with every breath of air, and, if touched, crumbled." --By Christopher Porterfield

Author: /time Magazine | Title: Books: Dire State | 10/27/2003 | See Source »

...Manhattan Minerals plan looks like a good deal for the folks of Tambogrande, Peru. The Vancouver-based firm wants to invest $405 million to mine gold at Tambogrande, a town of 16,000 people in Peru's impoverished, northwest Piura state. Manhattan has promised to build new public infrastructure and to erect new, modern homes for any relocated residents--about a third of the town's population. The neighborhood would have electricity, potable running water, sewerage and paved streets--amenities now available to only 15% of the people in that area...

Author: /time Magazine | Title: Mining: Not Golden | 10/27/2003 | See Source »

...mother lode of resentment. In the 1990s, when then bankrupt Peru opened its statist economy to foreign investment, the nation drew almost $10 billion in mining capital. That sector now accounts for half of Peru's $8 billion in exports, and Peru has become the world's seventh largest gold producer almost overnight...

Author: /time Magazine | Title: Mining: Not Golden | 10/27/2003 | See Source »

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