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...business has never been for the faint of heart. But think back, if you will, some five years to a time when the industry was nothing like it is today. In mid-2003, when a barrel of oil fetched about $30, BP made what was then the largest ever foreign investment in a Russian firm. The British company paid more than $6 billion for a 50% stake in TNK-BP, an oil outfit it set up with a consortium of four Russian billionaires. Vladimir Putin, Russia's President at the time, joined Tony Blair, then Britain's Prime Minister...

Author: /time Magazine | Title: Another Fine Mess in the Oil Business | 7/9/2008 | See Source »

...TIME: Let's take the last one. How about a mid-marriage crisis affair...

Author: /time Magazine | Title: Why We Have Affairs — And Why Not to Tell | 7/8/2008 | See Source »

...Business School provides these courses—non-degree programs for mid-career students—in partnership with Chinese universities, but Dominguez said they might pursue courses alone and perhaps offer use of their classroom space for similar programs at other Harvard schools through a "booking system," contingent on changes in Chinese law, which now requires the involvement of a Chinese university in higher education offerings...

Author: By Prateek Kumar and Clifford M. Marks, CRIMSON STAFF WRITERSS | Title: Harvard Unveils First China Office | 7/8/2008 | See Source »

...grace catwalks at fashion shows, while an all-kathoey pop group called the Venus Flytrap plies the airwaves. Notable kathoey athletes include a kickboxing champion, who liked to plant kisses on her vanquished opponents, and a volleyball team dubbed the Iron Ladies that won a national championship in the mid...

Author: /time Magazine | Title: Where the 'Ladyboys' Are | 7/7/2008 | See Source »

...After languishing for decades in county fair pie-eating obscurity, the sport rediscovered legitimacy in the mid-1990s when two brothers, George and Richard Shea, took over Nathan's publicity. They increased the hot dog contest's attendance from the hundreds to the thousands, and other restaurants jumped on the trend. The Sheas founded the International Federation of Competitive Eating (since retitled Major League Eating) to oversee the events. They now host 80 to 100 competitions a year, featuring everything from deep fried asparagus to tiramisu. The top events are broadcast live on ESPN; last spring, Nintendo announced a competitive...

Author: /time Magazine | Title: A Brief History Of Competitive Eating | 7/3/2008 | See Source »

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