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...While other government buildings, ranging from the Ministry of Religious Affairs to the National Museum of Antiquities, were looted and pillaged, while hospitals were stripped of medicine and basic equipment, Iraq's oil records were safe and secure, guarded by the U.S. military. General Richard Myers, Chairman of the Joint Chiefs of Staff, had an explanation: "I think it's, as much as anything else, a matter of priorities...

Author: /time Magazine | Title: Iraq's Crude Awakening | 5/19/2003 | See Source »

...Secretary Caspar Weinberger announced that it was essential for the U.S. to establish bases in the Persian Gulf region "to act as a deterrent to any Soviet hopes of seizing the oil fields." The Reagan Administration began building those bases, sold sophisticated AWACS planes to Saudi Arabia, and conducted joint military exercises with Egypt and other countries. And the CIA began one of its longest and most expensive covert operations, supplying billions of dollars in arms to a collection of Afghan guerrillas fighting the Soviets. The arms shipments included Stinger missiles, the shoulder-fired, antiaircraft weapons that were used with...

Author: /time Magazine | Title: The Oily Americans | 5/19/2003 | See Source »

...January) and the Embraer ERJ190 (expected next year), cost each firm nearly $1 billion to develop, but might face competition from Boeing's and Airbus' smallest models. Bombardier and Embraer are also beefing up international operations, especially in jet-hungry China. Embraer last year launched a $25 million joint venture to build 50-seaters in China for that market. Bombardier is in negotiations with Chinese partners to build 70- and 90-seat jets. The fates of the regional-jet makers and the airlines are intertwined as never before. Since the fall of 2001, Bombardier Aerospace has laid off nearly...

Author: /time Magazine | Title: Dogfight | 5/18/2003 | See Source »

...found not only a rich subject but also an able collaborator. This is an island that knew how to build tension. European spice traders fought over the Indonesian archipelago for centuries. The Dutch (mostly) came out on top, and the islands' riches gave rise to the world's first joint-stock company and the world's first corporate logo. Winchester deftly evokes the sleepy rhythms of 19th century colonial life--the hotel bars, the town gossip, a runaway elephant--which go on even as volcanic tremors begin knocking plates off tables, shrouding ships in ash and making compasses spin. Winchester...

Author: /time Magazine | Title: Fire From The Mountain | 5/12/2003 | See Source »

...sponsoring fresh violence - which has killed nearly 50 people in the past month - to scuttle negotiations and crush the uprising for good. Two offices for international monitors stationed in the country were attacked in April. Witnesses claim a mob of about 500 Javanese who set fire to the Joint Security Committee office in Langsa arrived in army trucks. ?We believe the differences between the two sides are still not that great,? says Steve Daly, a Henry Dunant Centre spokesman. ?Nobody's packing up yet.? That kind of optimism is hard to maintain when talking stops and shooting begins...

Author: /time Magazine | Title: Losing the Peace | 5/12/2003 | See Source »

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