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...learned how to always be happy, be patient and to be positive, and this is what I want to teach to the next generation.' RIYO MORI, Miss Universe 2007, during the May 28 competition in Mexico City. The 20-year-old dancer from Shizuoka, Japan, beat out 77 other contestants to claim the title...

Author: /time Magazine | Title: Verbatim | 5/31/2007 | See Source »

...pursuing exploration off the island, though it retains its drilling rights there. Praxeres, however, still dreams his dreams, and his little country continues to attract a stream of oil-fevered visitors from overseas: this year alone, officials have arrived from the U.S., the U.K., Germany and Japan. But even if São Tomé and Principe were sitting on as much oil as Saudi Arabia, there would be no guarantee that the black gold would deliver happiness and prosperity to its people. On the contrary, if history is any guide, vast caches of oil can cause developing nations...

Author: /time Magazine | Title: Africa's Oil Dreams | 5/31/2007 | See Source »

...that the Gulf of Guinea will supply 20-25% of total U.S. imports by 2020, but Americans are not alone in their mounting dependence upon West Africa. Angola is now China's top oil supplier. Gabon is a key supplier of France. Oilmen from countries as diverse as Russia, Japan and India are showing up in places like Equatorial Guinea, Cameroon, Chad - even perennial war zones like the Democratic Republic of Congo. With all that interest, Paul Lubeck, Michael Watts and Ronnie Lipshutz of the Center for International Policy, a U.S. think tank, calculate that the Gulf of Guinea will...

Author: /time Magazine | Title: Africa's Oil Dreams | 5/31/2007 | See Source »

...Numbers column mistakenly reported that Japan's video-game industry had total sales of $520 billion in 2006. While sales were the highest ever, they totaled $5.2 billion...

Author: /time Magazine | Title: Inbox: Jun. 11, 2007 | 5/31/2007 | See Source »

...United Nations kind of evening at the Palmares, the closing ceremony for the 60th Cannes Film Festival. Surveying a rich and rewarding slate of 21 films in the official competition, the jury, headed by Brit director Stephen Frears, gave out nine prizes to movies from eight different countries: Romania, Japan, the U.S., Germany, France, Russia, South Korea and Mexico. Only France had two winning films, and the directors of those were from Tehran and New York City...

Author: /time Magazine | Title: The U.S. Mostly Snubbed at Cannes | 5/27/2007 | See Source »

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