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...them have the ability to execute at lightning speed, and the closer their computers are to the ultimate destinations, i.e. exchanges, the more of an advantage they have," says Arnuk, whose paper began circulating several months ago, setting Wall Street abuzz. (See pictures of TIME's Wall Street covers...
...ambitions of Lauvergeon, who, as a member of France's civil-service élite, first gained public attention as Socialist President François Mitterrand's sherpa during the 1980s. After taking control of the key state-owned nuclear companies, she merged them to create Areva eight years ago. Her early success in convincing foreign clients that nuclear was the power source of the future earned her a remarkable degree of independence from political meddling. "If you look at what she's done since taking her job, you realize Anne Lauvergeon had the drive, creativity and vision to assemble...
Equally remarkable is the fact that many of the protests that continue in defiance of Khamenei's dire warnings weeks ago that those who continue to demonstrate would be treated as enemies of the Islamic Republic are still joined by such notable establishment figures as former President Mohammed Khatami, reformist candidate Mehdi Karroubi and Mir-Hossein Mousavi, the leading opposition candidate. Khamenei's red lines have been ignored by the opposition, and his own legitimacy has been questioned as never before, whether by street protesters breaking a taboo by shouting slogans against him, or by key regime figures like former...
...suspects, gathering information on them by way of phone taps and other forms of surveillance. Those arrested appear to be Australian citizens of Somali or Lebanese descent. An estimated 16,000 Somalis have found refuge in Australia since the beginning of their country's civil war 17 years ago. "Potentially this would have been, if it had been able to be carried out, the most serious terrorist attack on Australian soil," Federal Police Assistant Commissioner Tony Negus said. The alleged plan was to attack Holsworthy Army Barracks in Sydney's southwest...
...people still live in poverty, and energy has yet to reach wide swaths of the rural land. Indians argue that no one told the United States or England to use expensive, untested modes of energy when Western countries were in their “developing” states centuries ago. Emissions limits could stunt the growth of these nations. However, countries such as India and Bangladesh also have the most to lose from the effects of climate change. The developing world will face the overwhelming brunt of global warming’s repercussions, bearing the burden of everything from drought...