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...January. The apparent correction is unlikely to have been caused directly by an institution like Morgan Stanley, but instead by a perception among traders that the average $1.25 spread between monthly contracts is reasonable. Of course, leasing a tanker is an extreme measure of storage, and the cost of storing at a more traditional location is much lower; the spread remains irregularly high, and opportunity still exists for anyone with access to storage cheaper than a tanker...

Author: /time Magazine | Title: How Citigroup Makes Hay in the Oil Market | 2/2/2009 | See Source »

...where fertility treatment is often scoffed at by insurance companies, women paying for the costly procedures out of pocket want to wind up with a baby as quickly - and cheaply - as possible. One IVF cycle can cost upwards of $10,000. Often, women decide their best shot is by increasing the number of embryos transferred...

Author: /time Magazine | Title: Octuplets Fallout: Should Fertility Doctors Set Limits? | 2/2/2009 | See Source »

...alleged marriage arrangement that went sour involving Marcelino de Jesus Martinez, his 14-year-old daughter and her suitor, Margarito de Jesus Galindo, 18. Galindo had agreed to pay Martinez for his daughter's hand in marriage, according to Greenfield police. According to the cops, the total cost was $16,000, one hundred cases of beer and several cases of meat. "The 14-year-old juvenile moved in with Galindo, and when payments were not received, the father, Martinez, called Greenfield [police] to bring back the daughter," the police said in a Jan. 12 statement...

Author: /time Magazine | Title: Selling Brides: Native Mexican Custom or Crime? | 2/1/2009 | See Source »

...bidding for oil and gas leases, they didn't say anything. At first he simply bid near the beginning of an auction, to keep prices rolling, but as the sales continued, he started to win plots of land-12 parcels in all, more than 22,000 acres, at the cost of $1.79 million. By the end, DeChristopher was simply bidding nonstop, and BLM officials finally caught on to what he was doing and took him into custody. Though now in the hands of the feds, he remains cool. "I told them I was there to commit civil disobedience and that...

Author: /time Magazine | Title: To Protect Public Land, Eco Protesters Get Creative | 1/31/2009 | See Source »

...hopeful that they can get some of these projects expunged before final passage. "We fully expect that Obama will work with us on some of this stuff; it's in his interest to," said a GOP Senate leadership aide. "He gets to seem presidential and bipartisan at relatively little cost." The more items that get taken out, the better chance Obama has to gain Republican support for the bill. In this scenario, Republicans would get to claim victory as well, telling their constituents that they fought the good fight in the name of fiscal conservatism. "We were going to lose...

Author: /time Magazine | Title: The Stimulus Bill's Bumpy Ride | 1/30/2009 | See Source »

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