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...barrels a day from the huge east Siberian oil field. That's about 4% of China's current total demand for crude, secured on very favorable terms. Over the 20-year life of the deal, Beijing will effectively be paying about $20 per barrel. Crude prices, which last summer peaked at more than $140 per barrel, now sit just above...

Author: /time Magazine | Title: Buying Binge | 3/5/2009 | See Source »

...shield in Eastern Europe as a quid pro quo. The Administration has also asked Syria and China to pressure Iran, but the diplomatic focus remains on Russia, which is helping Iran complete its first nuclear reactor in the southern port city of Bushehr, scheduled to go on line this summer. Iran claims its nuclear program is solely for peaceful electricity generation...

Author: /time Magazine | Title: The World | 3/5/2009 | See Source »

...obviously blackmail, but I accept that.' PIERRE BERGE, Yves Saint Laurent's partner, on his offer to return two antique bronze statues, looted from China's Summer Palace in 1860, if Beijing grants Tibet its freedom...

Author: /time Magazine | Title: Verbatim | 3/5/2009 | See Source »

...wind chimes. It wasn't always so quiet in this tiny rural community of 730 in central Texas where former President George W. Bush has maintained a ranch since 1999. Four years ago, there were some who wondered if the noise would ever stop. The President's five-week summer vacation at his ranch brought the turmoil over the Iraq war into every corner of Crawford. Led by Cindy Sheehan, a California mother who had lost her son in Iraq and swore she wouldn't leave Crawford until she met with the President, hundreds of activists flocked to the town...

Author: /time Magazine | Title: Postcard from Crawford | 3/5/2009 | See Source »

...coffee. Today, Ronnie (Perch) Smith, a road builder and horsebreaker, is finishing a plate of the Coffee Station's signature Bush Wings--chicken breasts stuffed with cheese and jalapeņos, wrapped in bacon and fried--which enjoy broad bipartisan support. Smith doesn't talk politics much, although in the summer of 2005, he says, he painted SHEEHAN on the rump of his horse and rode it past Peace House...

Author: /time Magazine | Title: Postcard from Crawford | 3/5/2009 | See Source »

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