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...need a huge pot of bailout money to trade oil these days. Just don't expect to make the big bucks without...

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

...have to pay for home delivery. It has also linked up with Kotak Mahindra Bank to offer "business cards" with which customers can shop on credit for 14 days. Kalia, the restaurateur, laughs at this: "In a country where half the economy is a black economy, how do they expect a shopkeeper to give checks and put all transactions on record...

Author: /time Magazine | Title: A Visit to India's First Walmart (a.k.a. Best Price) | 8/9/2009 | See Source »

...find another job," says John Irons, policy director at the Economic Policy Institute in Washington. Traditionally the U.S. has been able to maintain unemployment at 5% or less, while Europe has for the past few decades been stuck at 8%, even during periods of economic growth. (See "What to Expect When the Recession Ends...

Author: /time Magazine | Title: Unemployment Dips, but Long-Term Joblessness Remains a Concern | 8/7/2009 | See Source »

...fossil record. Going back to the Jurassic period, researchers analyzed when each genus - a taxonomic category just above species - disappeared, and whether relatives vanished at the same time. On average they found that closely related groups of clams went extinct together at a rate that was more often than expected by blind chance - generally those groups of species were confined to a fairly small geographic area. "Extinctions tend to be clustered, which means the effects tend to be worse than what you might expect from random," says Roy. "That's true for mass extinctions as well - they end up culling...

Author: /time Magazine | Title: Extinction 'Gene': Some Species Are More at Risk | 8/7/2009 | See Source »

Within the building, Ahmadinejad began his controversial second term, one that many political insiders do not expect him to finish. In a blatant slight, visible to all from the televised proceedings, few reformist lawmakers and no opposition leaders - including former Presidents Mohammad Khatami and Ayatullah Akbar Hashemi Rafsanjani - attended the open session of parliament. Several remaining reformists walked out when Ahmadinejad began his address, according to news reports. (Read a story about the prospects for a weakened Ahmadinejad...

Author: /time Magazine | Title: Street Protests Continue with Ahmadinejad New Term | 8/6/2009 | See Source »

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