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...companies won the right to drill for 20 years in what is believed to be one of the world's four largest fields with potential reserves of about 65 billion barrels. Though it will earn only $2 a barrel, BP says it aims to keep expenses down by using low-cost Chinese labor and equipment. The group promised Iraq's government that it will nearly triple the field's output from 1 million barrels a day to about 2.8 million barrels a day in just seven years. "We see this as the beginning of a long-term relationship...

Author: /time Magazine | Title: Pump It Up: The Development of Iraq's Oil Reserves | 12/7/2009 | See Source »

...country with a low-hanging glass ceiling, the appearance of so many junior female politicians on the national stage has inevitably generated controversy. Besides Fukuda and Okamoto, members of a freshman class of 26 female DPJ lawmakers include Kayoko Isogai, a temp worker who was unemployed when she stood for election, and Mieko Tanaka, a former secretary and actress who had a small role in an erotic horror film, Blind Beast vs. Killer Dwarf. The group has been criticized for being little more than pretty faces unqualified to hold public office. During campaigning, some newspapers dubbed them "Ozawa's princesses...

Author: /time Magazine | Title: Power to Japan's 'Princesses' | 12/7/2009 | See Source »

Zuma, on the other hand, was a low-ranking guerrilla in the ANC's armed wing who rose to the leadership of its ruthless intelligence unit. He plotted bomb attacks and assassinations and ordered the killing of suspected traitors. There was nothing intellectual about such work. In an interview with TIME in early 2007, Zuma summarized his revolutionary ideology in one short sentence: "I was oppressed." Not for Zuma the intellectual contortions that led even Mandela to cast crime as a white, counterrevolutionary plot or Mbeki to see AIDS as a Western drug-company conspiracy. Not for him either...

Author: /time Magazine | Title: Could Zuma Be What South Africa Needs? | 12/7/2009 | See Source »

Part of the early success could be attributed to Harvard’s performance down low. Harvard kept up in the paint throughout the first half, generating 20 points and 23 rebounds relative to UConn’s 21 and 19. As has been the case throughout the season, the Crimson received large boosts from its bench; nonstarters generated 27 points on the day and ample substitutions kept Harvard fresh against UConn’s athletic starting line...

Author: By Emmett Kistler, CRIMSON STAFF WRITER | Title: Harvard Hangs Tight With No. 13 UConn | 12/7/2009 | See Source »

...Obama is also shrinking the war on terrorism because, although he won't say so out loud, he's scaled back Bush's assessment of American power. When Bush invaded Iraq, the U.S. was coming off a decade of low-cost military triumphs - from Panama in 1989 to the Gulf War in 1991 to Bosnia in 1995 to Kosovo in 1999. And back then, Afghanistan looked like a triumph too. It was easy to believe that the U.S. military - through a combination of force and threats of force - could prevail over a slew of hostile regimes and movements...

Author: /time Magazine | Title: Obama Shrinks the War on Terrorism | 12/7/2009 | See Source »

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