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...keeps rolling its position into the next futures month. In other words, every month, UNG sells its enormous long position in the front month - representing the price of natural gas closest to the present - and buys back as much as it can in the next contract month. The idea is that UNG is always trading the most liquid natural gas contract, but the problem is that UNG has become too large for the market - and for its own good. In a bear natural gas market, UNG's massive monthly gas sell-off accelerates the fund's losses and brings down...

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

...German commentators have criticized the almost amateurish way in which Merkel and Steinmeier have risked turning GM and Opel's misery into a transatlantic dispute. Neither GM nor the Obama Administration, which appointed 10 of GM's current board members, appears to like the idea of handing Opel - and GM patents - to a consortium at least partially controlled by Russian oligarchs. "Neither the Chancellor's phone call with the American President nor the Foreign Minister's with Mrs. Clinton impressed anyone," wrote the conservative Frankfurter Allgemeine Zeitung in a commentary published on Aug. 26. "It is questionable whether their decision...

Author: /time Magazine | Title: GM and Germany Still Wrangling Over Opel | 8/27/2009 | See Source »

...Kerry has also emerged as a problem solver on health care. The Obama Administration had rejected Senate Finance Committee chairman Max Baucus' idea to tax some health-care benefits because it would raise taxes on the middle class. When Baucus' panel came up $320 billion short of paying for its proposed reforms, Kerry suggested taxing insurers that offer high-end plans - those worth more than $9,000 a year for individuals or $25,000 a year for families - in order to raise $145 billion. It was an idea that he and then New Jersey Senator Bill Bradley, among others...

Author: /time Magazine | Title: John Kerry: Back in the Hunt | 8/26/2009 | See Source »

...alley. Two out of three people die in hospitals or nursing homes, often alone, too often afraid. When researchers interviewed family members of the recently deceased, half of them said their loved one did not get the support he or she needed at the end. Yet it was the idea that doctors should be encouraged to talk to patients and their families about their wishes that set off a firestorm this summer, one of the most disturbed and distorted debates in many years. The effort to talk about how we die was met with a fury of malice and mischief...

Author: /time Magazine | Title: The Lessons of His Dying | 8/26/2009 | See Source »

...making significant concessions on West Bank construction, Netanyahu risks infuriating his hard-right coalition partners, who could bring the government down by quitting in protest. So he now seems to be shopping the idea of a compromise deal: a freeze on all new building but the right to see through construction that is already under way. In exchange, Israel may be extended various goodwill measures from Arab states, like reopening trade offices, initiating cultural exchanges and opening airspace to Israeli commercial planes, to further encourage movement toward renewed talks - and conditions for stable peace in the region...

Author: /time Magazine | Title: Netanyahu in Europe: Hopes for Renewed Peace Talks | 8/26/2009 | See Source »

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