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Hall's success in calling the oil market is what has led him to demand higher pay than most. In 2003, Hall had the belief that the price of oil would rise dramatically in the next few years. Back then, oil was trading at around $30 a barrel, and coming out of a recession few thought prices would rise anytime soon. So Hall bought so-called long-dated oil-futures contracts that would pay off if the price of oil topped $100 at some point in the next five years. Because Hall made a bet oil would reach a price...

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

...terrestrial species were wiped out, probably because of an asteroid impact or a similar natural disaster - this time human beings are the cause. Hard numbers are difficult to find, but many scientists believe Earth's species are going extinct at a rate that is up to 1,000 times higher than before human beings came on the scene. (See how animals are under siege...

Author: /time Magazine | Title: When Is a Species Endangered? | 10/19/2009 | See Source »

...Philippines, the vast flooding triggered by Ketsana was largely the result of insufficient drainage. In fact, the U.N. estimates that when equivalent populations in the Philippines and Japan endure the same number of tropical cyclones each year, 17 times more people perish in the Philippines than in Japan. The higher death tolls feed a vicious cycle: constantly struggling to recover from the latest storm or quake, developing countries have a harder time affording the disaster-prevention measures needed to mitigate nature's wrath. (See pictures of the deadly quake devastating west Indonesia...

Author: /time Magazine | Title: Behind Asia-Pacific's Unnatural Disasters | 10/19/2009 | See Source »

...undergone since oil riches first started to transform a nomadic culture. "Fifty-five years ago there was no education for girls," says al-Faiz. "Fifty years ago people didn't accept the idea of women working. Now everyone wants their girls or wives to work or go through higher education. I don't think those kinds of changes have happened in any country as quickly as here." (See pictures of Saudi women...

Author: /time Magazine | Title: New Rights, and Challenges, for Saudi Women | 10/19/2009 | See Source »

...Since the virus has emerged, we've seen a number of groups that are at higher risk for complications from H1N1, and these include children under 5 and especially children younger than 2," says Bill Hall, a spokesman for the Department of Health and Human Services. "Infants younger than 6 months cannot receive the H1N1 vaccine because their immune systems are not developed enough to tolerate it," he adds. To date, the Centers for Disease Control and Prevention has recorded 76 deaths of people under age 18. For day-care centers, that means more than just a risk...

Author: /time Magazine | Title: Child-Care Centers and Parents Brace for Flu Season | 10/16/2009 | See Source »

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