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That could take a while. Azerbaijan--which BP says stands to earn about $230 billion from BP's pipeline during the next 20 years--has rarely been independent either of Russia's influence or foreign treasure hunters. Baku's élite included the Rothschilds during the 1890s, when Azerbaijan produced half the world's oil supply. Oil production slid steadily as the Soviets let the infrastructure rot. Today hundreds of rusted oil derricks and pump jacks, many predating World War II, cram the seafront outside Baku like a scrap-metal forest, with old Soviet tractors turning several wells. The astonishing...

Author: /time Magazine | Title: Oil's Vital New Power | 1/12/2007 | See Source »

...rise are real and troubling. China is a one-party state, not a democracy. Some U.S. policymakers and business leaders like to say there is something inevitable about political change in China--that as China gets richer, its population will press for more democratic freedoms and its ruling élite, mindful of the need for change, will grant them. Could be. But China is becoming richer now, and if there is any sign of substantial political reform--or any sign that the absence of such reform is hurting China's economic growth--it is, to put it mildly, hard...

Author: /time Magazine | Title: China Takes on the World | 1/11/2007 | See Source »

...shake-up of the German beer industry in the 1980s that inspired Bionade's inventor, Dieter Leipold, then master brewer at Ostheim's Privatbrauerei Peter, to quest for a new quaff. With younger German consumers increasingly choosing imports like Corona and Miller Lite over local beers, Leipold worried about the brewery's future. And there was more at stake than just business: it was family. He lived with the brewery's present owner, Sigrid Peter, now his wife, and acted as stepfather to her sons, Peter and Stephan Kowalsky...

Author: /time Magazine | Title: A Brand-New Brew | 1/9/2007 | See Source »

...from that battle has died down, but its significance continues to resound. For, by taking on the European political and business élite - and winning - Mittal demonstrated in a stunningly audacious way just how much the world has changed. Here was an upstart intruder from a country long classed as part of the developing world, scooping up a European gem that Dollé at one point (though perhaps unwisely, given later history) described as the Airbus of steel. And Mittal, assuredly, is but the first of many. Indians, Brazilians, Chinese, Russians and other entrepreneurs from emerging economies are now jostling...

Author: /time Magazine | Title: A Man Of Mettle | 12/16/2006 | See Source »

Plus, Jeezy slaps three absolutely massive tracks together right in the album’s middle. The Southern synths of “I Luv It” sound like “What You Know”-lite, which is no shame: T.I. set the bar high for 2006 singles. Jeezy gets close to clearing it with “Go Getta,” using R. Kelly more effectively than he’s been used in a long while. And then there’s “3 A.M.” This being the Year...

Author: By Jake G. Cohen, CRIMSON STAFF WRITER | Title: CD OF THE WEEK: Young Jeezy | 12/14/2006 | See Source »

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