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...futures market is like a perpetual roulette wheel: red or black, up or down ... in the end, you're just betting on the direction of prices. And just as in roulette, the house will hold an advantage. In this case the house effectively consists of big players like Goldman Sachs who own supercomputers that can easily stay one step ahead of your moves. Also, since you're not a big player the action is going to come at a steep cost. You'll pay more in exchange fees and commissions than the big boys, and get less profitable prices, buying...

Author: /time Magazine | Title: So You Want to Be an Oil Speculator? | 8/10/2009 | See Source »

...This is particularly apposite in the case of China, a country with not only many possible futures, but (as it were) many pasts. There is a crude but commonly held thumbnail sketch of modern Chinese history that goes something like this: Two centuries ago, European powers tried to open a hermetic society to trade; they failed until the Opium Wars forced the issue; China then entered an era of foreign domination and internal chaos, which ended with the imposition of political stability by the Communist Party in 1949; in 1978, after another round of internal unrest, China chose to modernize...

Author: /time Magazine | Title: Into the Unknown | 8/10/2009 | See Source »

...bear out P.T. Barnum's aphorism that there is no such thing as bad publicity. Modern right-wing parties are smart enough to know that every criticism, every scandal, every court case, every article - including this one - is liable to send visitors to their websites, which could help them recruit members and raise funds. "The Obama campaign was brilliant. We learned a lot from it," says Griffin. So much, in fact, that online antiracist campaign Hope Not Hate has turned to Blue State Digital, an Internet consultancy that worked on the Obama campaign, to mobilize activists against...

Author: /time Magazine | Title: The March to the Far Right | 8/10/2009 | See Source »

...which I'm sure you never do, but if you ever did- No, actually, on this, I will confess I don't spend a lot of time looking at my polls. I do look at the polling on health care, partly because I think that there is a terrific case to be made to the American public. But it is - this is complicated, it's difficult. The press gets bored with the details easily, and it very easily slips into a very conventional debate about government-run health care vs. the free market, etc., which is not at all what...

Author: /time Magazine | Title: Obama: 'This Has Been the Most Difficult Test for Me.' | 8/10/2009 | See Source »

...that we are interested in expanding government, which then feeds into suspicions that somehow health care is another big government project that we can't afford ... Had we not been in the worst financial crisis since the Great Depression, I would have led with health-care reform, made the case, and potentially we might have had it done by now. But I disagree with this idea that because of the financial crisis, somehow we can afford to put this off. In some ways, I think it's just made it more urgent for some of the reasons you just said...

Author: /time Magazine | Title: Obama: 'This Has Been the Most Difficult Test for Me.' | 8/10/2009 | See Source »

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