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...Brunei found themselves catapulted out of subsistence living in a generation. Likewise, Alberta's burgeoning petroleum industry has transformed the province into a major driver of the Canadian economy. But oil is not always a boon. What if it fuels corruption rather than development, and creates the same combustible mix of great wealth, relative poverty, grievance and instability as it has in the Middle East? Economists often talk of the "curse of oil," pointing out that countries with resources such as oil often grow more slowly, more corruptly, less equitably, more violently and with more authoritarian governments than others...

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

...moving a major bill is an elusive mix of endurance, persuasion, negotiation, intimidation--and timing. The field is sown with favors large and small over many years and watered with occasional menace. (Ask Dingell how he feels about being called "the meanest s.o.b. in Congress," and he quietly answers, "It's very useful.") With luck, the seeds bear fruit when the votes are finally counted. The process is so slow and cumulative that few people ever become masters. "I've been doing it for years, and I learned from the best," Dingell said, "Rayburn, John McCormack [Rayburn's successor...

Author: /time Magazine | Title: An Auto Insider Takes on Climate Change | 5/31/2007 | See Source »

There are both art and science to the new generation of used-clothing stores. To keep their stock looking current, shops sneak some new clothes into the mix. At Buffalo, about 20% of the items for sale are new pieces--mostly shoes, jewelry and hosiery--purchased by headquarters and distributed to each outlet. "It gives our stores a more contemporary, avant-garde feel," says Kerstin Block, the Swedish-born founder of Buffalo, who originally hoped to be a museum curator before opening her first store in Tucson, Ariz., in 1974. Since no store gets more than two or three...

Author: /time Magazine | Title: The New Trend of Used Clothes | 5/31/2007 | See Source »

...World Bank boss, Zoellick will have a chance to mix with every finance and foreign minister in the world, including America's own. And then there is the matter of running the World Bank. Even before Wolfowitz , embroiled in a scandal over his role in finding a new job for a World Bank employee with whom he had a close relationship, lost the confidence of the Bank's vast bureaucracy, the Bank was struggling to both justify the need for a multinational lending institution sponsoring big public projects in an era in dotted with increasingly effective non-governmental organizations...

Author: /time Magazine | Title: The Man Who'll Replace Wolfowitz | 5/30/2007 | See Source »

...years old and I am still not allowed to use the oven without supervision. I am embarrassed that I have been wearing the same T-shirt for five days in a row because I have simultaneously run out of detergent and clean clothes, causing people to mistake my eclectic mix of ketchup, mustard, and grass stains as tie-dye. I’m ashamed to admit that one time I got so angry at my roommate over an argument concerning Harry Potter that I threw his shoes out the window and dunked his toothbrush in the toilet (he only knows...

Author: By Eric A. Kester | Title: Getting In is the Hardest Part | 5/25/2007 | See Source »

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