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...Iraq remains enormously tantalizing for Big Oil, whose prospects for tapping huge new fields around the world are shrinking. The country's 115 billion barrels in proven reserves, most of it untapped, make it perhaps the last major oil territory yet to be spoken for. Engineers recently estimated that there may even be a further 150 billion barrels underground that have not yet been surveyed, much of it in the vast Western Desert. If true, Iraq could one day potentially match Saudi Arabia, whose output of 9.6 million barrels a day makes it the world's largest producer. Iraq currently...

Author: /time Magazine | Title: The Reasons Behind Big Oil Declining Iraq's Riches | 7/2/2009 | See Source »

...released by the Middlesex District Attorney's office said that the investigation into the circumstances of the shootings, as well as into those involved in or knowledgeable about the incident, continues. It also noted that the charges pressed on Copney are allegations and that he is presumed innocent until proven guilty...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Suspect in Kirkland Shooting Indicted | 6/26/2009 | See Source »

...tense standoff between U.S. ships and the Kang Nam 1 would hardly upset Pyongyang; the Burmese junta has proven to be wholly insensitive to criticism and protest from the outside world. Watchers of both isolated states see a joint circling of wagons in the face of a hostile international community. With many policy makers already tearing at their hair over North Korea's nuclear intransigence, it's a state of affairs that can only deepen global concern...

Author: /time Magazine | Title: Why Burma May Be North Korea's Best Friend | 6/26/2009 | See Source »

...true that information alone can be helpful. Anesthesiologists sharply reduced mortality rates after their association published evidence-based guidelines; emergency-room nurses have reduced infection rates by following clinically proven to-do lists. After one pharmacy benefits manager sent letters urging customers with high cholesterol to check out the evidence-based Consumer Reports site Bestbuydrugs.org, 4.3% switched to cheaper but equally effective drugs, for savings of $12 million. Similarly, when doctors and patients are fully educated about the costs and benefits of various treatment options for prostate cancer, surgery rates drop by half...

Author: /time Magazine | Title: How to Cut Health-Care Costs: Less Care, More Data | 6/23/2009 | See Source »

...primary care, prevention and computerization; to discourage wasteful defensive medicine, he seems willing to limit malpractice lawsuits when doctors stick to best practices. But ultimately, rewarding quality rather than quantity will require daunting changes in Medicare reimbursement policies. That could mean lower patient costs and higher provider revenues for proven treatments, but when patients want more expensive options unsupported by data, they may have to pay the difference themselves...

Author: /time Magazine | Title: How to Cut Health-Care Costs: Less Care, More Data | 6/23/2009 | See Source »

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