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Just as in the case of crude oil, supply and demand do not paint the full picture. As of Aug. 24, the U.S. Natural Gas Fund, an exchange-traded fund listed as UNG on the NYSE, held about 10% of the contracts in the October 2009 futures market traded on NYMEX. Combine that position with its over-the-counter swap holdings, and UNG held the equivalent of more than 50% of the October contract's open interest. In following its plan to buy and hold natural gas, UNG keeps rolling its position into the next futures month. In other words...

Author: /time Magazine | Title: As Oil Explodes, Why Natural Gas Prices Stay Low | 8/27/2009 | See Source »

Researchers find that people will buy something on sale even if the reduced price is higher than the regular price at another store. "Just seeing the difference between the full and reduced price motivates the purchases," explains Ellen Ruppel Shell in her new book, Cheap: The High Cost of Discount Culture. "It is as though, rather than spending the cost of the product, we're actually earning the savings...

Author: /time Magazine | Title: Cash for Clunkers: The Bribery Stimulus | 8/27/2009 | See Source »

...sound spilled out past the porch, into a night made lighter by a full moon whose bright glare bounced off the dark waters of Nantucket Sound, beyond the old house where Teddy - and he was always "Teddy" here - mouthed the lyrics to every song, sitting, smiling, happy to be surrounded by family and friends in a place where he could hear and remember it all. And as he sang, his blue eyes sparkled with life, and for the moment it seemed as if one of his deeply felt beliefs - "that we will all meet again, don't know where...

Author: /time Magazine | Title: Barnicle on Kennedy: Of Memory and the Sea | 8/27/2009 | See Source »

...said in a voice cracked by grief. But by that point, he was arguing against a hurricane. Death, normally the great leveler, had become the ennobler of the Kennedys. One by one, they had passed into immortality, leaving Ted alone among the men of the family to live a full span. His brothers became the sweetened distillate of their best days and handsomest poses, while he made his way through more-mottled seasons, merely human, with all that humanity entails - the mistakes, misjudgments, weaknesses, appetites and fears. Could it be that the real Kennedy curse was not early death...

Author: /time Magazine | Title: Ted Kennedy: Bringing the Myth Down to Earth | 8/27/2009 | See Source »

Inspiration came from unexpected sources. Some sculptors in Sri Lanka and China simply shaped the Buddha in their own likenesses. A 4th century stucco bust unearthed in Afghanistan features the full lips associated with Indian Gupta art, but also fulsome curls that reflect the Greco-Roman artists brought to the region by Alexander the Great...

Author: /time Magazine | Title: Divine Revelation: Buddhist Sculpture at the V&A | 8/26/2009 | See Source »

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