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...think of. Earlier this year, for instance, Hall and his traders rented a tanker and filled it with 1 million barrels of oil. Oil prices were down, but most traders thought they were going up again, so futures contracts pegged to distant-month deliveries were expensive. The better deal was the real thing, and with the shipping business mired in the recession, Hall was able to get a tanker to park offshore somewhere with his oil for a very modest sum. "You were able to get a better price if you were willing to take possession of the actual commodity...

Author: /time Magazine | Title: How Citi's Andrew Hall Made $100 Million Last Year | 10/19/2009 | See Source »

Negative capability has nothing to do with the Uncertainty Principle. Uncertainty is the product of a great deal of the most “irritable reaching after fact & reason” the world has ever seen, and has contributed to our most accurate physical theory to date. Heisenberg’s uncertainty, both the consequence and the cause of much “reaching after fact & reason,” is antithetical to Keats?...

Author: By Adam L. Palay, CONTRIBUTING WRITER | Title: Keats & Quanta: The Cat Is Dead | 10/16/2009 | See Source »

...don’t think we will have a sustainable recovery unless we deal with the underlying structural issues,” Volcker said...

Author: By Evan T. R. Rosenman, CRIMSON STAFF WRITER | Title: Volcker Criticizes Financial Engineering | 10/16/2009 | See Source »

...Amselem's recent public remarks are at odds with the Administration's stated support for restoring Zelaya. After Zelaya sneaked back into Honduras last month from an exile imposed by the military, Secretary of State Hillary Clinton said he and Micheletti now had "the best opportunity" to sign a deal brokered by Costa Rican President Oscar Arias that would reinstall Zelaya while granting amnesty to the coup leaders. But Amselem, a holdover from the George W. Bush Administration, called Zelaya's surprise reappearance in Tegucigalpa "irresponsible and foolish." Many diplomats say Micheletti took that as a green light to resist...

Author: /time Magazine | Title: Is U.S. Opposition to the Honduran Coup Lessening? | 10/16/2009 | See Source »

...legitimizing the election "without the reinstatement of the constitutional President would only legitimize" the coup. But U.S. officials, while insisting they've not given up on restoring Zelaya before Nov. 29, acknowledge they're considering a Plan B - perhaps brokering more international oversight of the balloting while forging a deal that reinstates Zelaya after the election so that he can finish out his term, which ends on Jan. 27. "We've always preferred a restoration of constitutional and democratic order in Honduras that includes the restoration of Manuel Zelaya," one State official tells TIME. "But the elections are going...

Author: /time Magazine | Title: Is U.S. Opposition to the Honduran Coup Lessening? | 10/16/2009 | See Source »

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