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...field's potential has put it at the center of a possibly explosive territorial dispute. Mobil is rushing to sink a well this summer in defiance of a claim by China, which insists that its international waters extend as far as the Blue Dragon site. Beijing meanwhile has granted a small U.S. oil company, Crestone Energy Corp., a concession just east of Blue Dragon in waters claimed by Vietnam; Hanoi is looking for a company to explore the same site...

Author: /time Magazine | Title: Oil: Black Gold Rush | 7/4/1994 | See Source »

...rationale for corporate nolo contendere is that the offending company must be kept sound enough to repay its victims via the settlement. If it were forced to plead guilty, the firm would be subjected to a flood of further lawsuits that could sink it. Given the number of companies that take advantage of this opportunity, we could start a pretty good nolo mutual fund...

Author: /time Magazine | Title: On the Money: How to Say You're Sorry | 6/20/1994 | See Source »

...with writer Deborah Rogin, plays on the Berkeley campus until July 10, then opens the fall season at Boston's Huntington Theatre before being rethought for a new Los Angeles staging next spring. The spectacle is impressive but often slow and emotionally remote. In veering away from the kitchen-sink realism of most immigrant dramas, Rogin and Ott have made too much oblique. Despite program notes, many allusions to Chinese heritage will elude even spectators acquainted with Peking Opera, the crucial inspiration. To Ott, femaleness, not ethnicity, is at the heart of the story. "The relationships this girl has with...

Author: /time Magazine | Title: THEATER: The Lady Becomes the Tiger | 6/20/1994 | See Source »

...This is a high-risk campaign," Bachrach says. "Either I'll resonate and I'll rise, or I'll sink like a stone...

Author: By Manlio A. Goetzl, | Title: BACHRACH | 6/9/1994 | See Source »

...prison, if he is convicted. Rostenkowski is now said to believe his legal problems will force him to relinquish his powerful chairmanship, whether a deal can be reached or not. That is terrible news for Democrats. Without Rostenkowski at the helm, they fear, the President's health reforms could sink in Congress...

Author: /time Magazine | Title: The Week May 15-21 | 5/30/1994 | See Source »

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