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Traditionally, the VIX has been described as a "fear index": the higher the index, the greater the pessimism as investors fear market instability. Technically, it is a barometer of implied volatility over the next month, specifically calculated from options prices over the S&P 500's underlying stocks. Bearish put options, the right to sell a stock at a specified price in the future, generally dominate a high...

Author: /time Magazine | Title: Stock Volatility Is Down. But Is That Good News? | 9/11/2009 | See Source »

...have appeased U.S. publishers, but their counterparts in Europe, along with some European governments, are up in arms over it. More than half the books scanned and digitized by Google are not of American origin, but European books aren't expressly covered by the settlement. This has raised the fear that Google could sell books that are out of print in the U.S. but not elsewhere to U.S. users without paying European rights holders a penny. "It is clearly discriminatory towards E.U. rights holders," Anne Bergman of the European Federation of Publishers wrote to TIME in an e-mail...

Author: /time Magazine | Title: European Publishers Fight Against Google Books | 9/10/2009 | See Source »

...thoroughly disinterested in her career, her marriage, and her sex life. This leads Joel to masturbate in shame nightly, often followed by a good cry as he bemoans his situation to his friend/bartender/drug dealer Dean, played by a very hairy Ben Affleck. Dean is what most well-minded people fear most: a stupid man in the position to influence the actions of at least one important person. In the midst of mistakenly giving Joel horse tranquilizers and advising him to cheat on his wife with hot new temp Cindy (Mila Kunis, “Forgetting Sarah Marshall”), Dean...

Author: By Jessica O Matthews, CRIMSON STAFF WRITER | Title: Extract | 9/10/2009 | See Source »

...legal battle against McChina Wok Away, a Chinese takeaway in London, and in 2004, McDonald's lost a trademark-infringement suit against a Singaporean firm that had used names like MacNoodles, MacTea and MacChocolate. "It opens the way for them and other [Malaysians] to use the Mc prefix without fear," says Sri Dev Nair, the Suppiahs' lawyer...

Author: /time Magazine | Title: McCurry: the Indian Eatery That Beat McDonald's | 9/9/2009 | See Source »

...With Rohde's kidnapping, as with Farrell's, the Times and other media organizations maintained a news blackout, said Bill Keller, the Times' executive editor, for fear that coverage of their plight would "raise the temperature and increase the risk to the captives." Quoted in his newspaper, Keller went on to add, "We're overjoyed that Steve is free, but deeply saddened that his freedom came at such a cost. We are doing all we can to learn the details of what happened. Our hearts go out to Sultan's family...

Author: /time Magazine | Title: Questions About Reporter's Rescue in Afghanistan | 9/9/2009 | See Source »

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