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High-frequency trading is a catchall description of several different approaches to stock-trading that capitalize on the blinding speed of supercomputers in analyzing and responding to market data. The owners of these supercomputers, investment firms such as Goldman Sachs and Citadel Investment in Chicago, employ special proprietary algorithms to interpret the data and execute transactions - all in less time than it takes a human to conjure a thought. Already, various forms of high-frequency trading, taken together, account for more than half of all trading now taking place in the U.S. Critics say the practice can raise the cost...

Author: /time Magazine | Title: High-Frequency Trading Grows, Shrouded in Secrecy | 8/5/2009 | See Source »

...they could not have come as close as Cash. (As it is, the White House had no hand in selecting Cash. The Navy rotates chaplains through Camp David every three years; Cash began his tour this past January.) The 38-year-old Memphis native is a graduate of the Citadel and the great-nephew of Johnny Cash. He served a tour as chaplain with a Marine battalion in Iraq and baptized nearly 60 Marines during that time. Cash earned his theology degree from Southwestern Baptist Theological Seminary in Fort Worth - and, yes, that means Obama's new pastor...

Author: /time Magazine | Title: The Obamas Find a Church Home — Away from Home | 6/29/2009 | See Source »

Paradoxically, the thirsty city was once a great lake, where the Aztecs founded their island citadel Tenochtitlan in 1325. When the Spanish conquerors took control they drained much of the water, laying the basis for the vast expansion of the metropolis across the entire Valley of Mexico. However, as the growing population continues to suck water out in wells, Mexico City is sinking down into the old lake bed at a rate of about three inches a year. This downward plunge puts extra pressure on water distribution pipes, which are now so leaky they lose about 40% of liquid before...

Author: /time Magazine | Title: Dry Taps in Mexico City: A Water Crisis Gets Worse | 4/11/2009 | See Source »

...hotel's sought-after Imperial Suite on its top floor - has been supplemented with two perfectly matching wings, which in total make for 122 guest rooms. Each features a terrace that overlooks either the waters of the Perfume River or the distant stone towers of the former Imperial Citadel. Decked out in warm ocher, dark woods and raw Vietnamese silk, the rooms exude good taste, but the suites in particular benefit from wooden four-poster beds and themed décor that can depart, rather fancifully, from local tradition - one draws its inspiration from ancient Egypt, creating a setting worthy...

Author: /time Magazine | Title: Hué's Vivid Hotel | 3/11/2009 | See Source »

...bear to detach yourself from your room's colonial cocoon, Hué's majestic citadel (once home to the Emperors of the Nguyen dynasty) and Tu Duc tombs together comprise a UNESCO World Heritage Site and are well worth a tarriance. Then again, there's no shame in just kicking back at the hotel, whether you choose to play billiards in the plush lobby, lounge by the 320-sq.-ft. (30 sq m) pool, enjoy a massage at the spa or sample the delicious French-Vietnamese cuisine at Le Parfum, Hué's only fine-dining establishment. After...

Author: /time Magazine | Title: Hué's Vivid Hotel | 3/11/2009 | See Source »

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