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Instead, Marvel secured a $525 million nonrecourse credit facility--other people's money--from Merrill Lynch to make 10 films by 2012. Production is under way for the first, Iron Man, to be released in May 2008. Marvel's new studio can spend up to $165 million a flick--still relatively low for the production of an action film with sophisticated special effects, warns media analyst Harold Vogel. "And they've got to create excellent stories to stick out in the oversaturated superhero genre," Vogel says. If the studio goes over budget on a film, Marvel could be forced...

Author: /time Magazine | Title: Marvel Unmasked | 8/7/2006 | See Source »

...home is their son's property at Australind, near Bunbury, 2,000 km down the road. "This beach area hasn't changed at all," says Wilson, fishing from the comfort of a deck chair. Wilson was a regular visitor to this beach when he worked at Newman's iron ore mine. Born in Wigan, England, he came to Australia in 1969. "But you definitely now see more people on the road around here." On the way north to Broome, the beaches offer solitude and bountiful sport fishing; it was in these parts in 1999 that then TIME art critic Robert...

Author: /time Magazine | Title: The New (Old)Nomads | 8/7/2006 | See Source »

...unfortunate coincidence that what is thought to be the world's richest trove of prehistoric rock art, an island-dotted precinct covering a 45-km radius, is also one of the hubs of Australia's resources bonanza. Liquefied-natural-gas tankers and ships loaded with iron ore leave from here on timetables set by China's seemingly endless demand. Doubling back to Karratha...

Author: /time Magazine | Title: In Search of Climbing Men | 8/7/2006 | See Source »

...years old-depict fish, reptiles, kangaroos and birds, as well as human figures. According to experts, they show wide variation in style and technique, suggesting that they were created in different eras. The images are still visible, thanks to the contrast between the dark red-to-black patina of iron oxide that covers the rock and the underlying gray that emerged when the patina was cut into or scratched away...

Author: /time Magazine | Title: In Search of Climbing Men | 8/7/2006 | See Source »

...drinkers look to be in their forties and fifties, men with hard resentful faces and the kind of haircuts and beards that you see when the police blankets slip; a few younger lads have surf-bleached hair and sinewy muscles. They are drinking and smoking at the bar with iron determination. Empty glasses lie on their sides on the beer mats and are swiftly retrieved and refilled by the only two women in the room, one middle-aged with cold eyes, the other a pretty blonde in her early 20s. Raymond Chandler might have described her as "stacked...

Author: /time Magazine | Title: Spiritual Refreshment | 8/7/2006 | See Source »

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