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...European-history class had the answer keys to his never changing multiple-choice tests, and only my friend Art Chung refused to use one. Art is now a junkie prostitute. Actually, he went to Yale and is now an incredibly successful writer for game shows. But what did he gain by not cheating? "I know why the Treaty of Westphalia was signed, and you don't," he said. When I asked him why the Treaty of Westphalia was signed, Art got real quiet. "Uh. I believe it was about the Thirty Years' War," he said. I was laughing...

Author: /time Magazine | Title: Cheating: It's All-American — And It's Great! | 8/17/2009 | See Source »

...bribing executives of Chinese steel companies, who are Rio's largest buyers of iron ore. Under a state-secrets charge, the four men faced the prospect of a secret trial and the possibility of lifetime sentences. Now that the government will only charge them with using "improper means" to gain access to commercial secrets - commercial bribery - the executives will have access to legal counsel and should be able to mount a defense. Sam Walsh, the iron-ore chief executive for Rio, went so far as to say that since "the charges have been downgraded ... I think that reflects what...

Author: /time Magazine | Title: China vs. Rio Tinto: The Confrontation Isn't Over | 8/14/2009 | See Source »

...price falls, and all of the other "smart" traders around you are forced to unwind their long positions and sell oil, the price will fall even faster against you. Why would the big boys do this to you? Well, any money lost by one trader must be gained by another. If they can make you take a loss, it ultimately translates to their gain...

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

...nationwide and, according to the Mortgage Bankers Association, erased $3.5 trillion worth of home equity. New-home sales are ticking up, and for the first time in three years, the S&P/Case-Shiller home-price index, which tracks changes in home prices in 20 U.S. cities, has shown a monthly gain...

Author: /time Magazine | Title: How the Housing Market Is Fighting Its Way Back | 8/10/2009 | See Source »

...short, it's what you eat, not how hard you try to work it off, that matters more in losing weight. You should exercise to improve your health, but be warned: fiery spurts of vigorous exercise could lead to weight gain. I love how exercise makes me feel, but tomorrow I might skip the VersaClimber - and skip the blueberry bar that is my usual postexercise reward...

Author: /time Magazine | Title: Why Exercise Won't Make You Thin | 8/9/2009 | See Source »

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