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...futures market. In fact, the opposite is true. The participants are so few that a couple of major players can, if they choose, garner absolute control, cornering the market and creating a price bubble for their own benefit. (Read "Oil Shocks: Biden, Iran and Fears of Another Price Jump...

Author: /time Magazine | Title: Why There Should Be More Oil Speculation, Not Less | 7/10/2009 | See Source »

...While speculators affect the market in both directions, commercial participants tend to put upward pressure on prices. If airlines fully hedged themselves in the futures market, the price of oil would jump enormously. The futures market cannot support hedging for energy, let alone for other things; for example, investors might buy oil to hedge against losses in other investments, like stocks. With speculators out of the market, an airline's hedge would have an even bigger impact, further raising the global price...

Author: /time Magazine | Title: Why There Should Be More Oil Speculation, Not Less | 7/10/2009 | See Source »

...first thing that jumped out at me in this book is how many times you almost die. I think maybe I lost count at five. There's an airplane breaking apart on the runway; there's an allergic reaction to a penicillin injection; there's the time when your boat crashes in the rapids. You jump into the water at one point and barely miss some submerged pylons...

Author: /time Magazine | Title: Werner Herzog | 7/6/2009 | See Source »

...were taking out subprime loans, only 6% of those in North Dakota were). "It's no secret that we're a little more conservative than the rest of the country," says John Jessen, president of Bismarck's BlackRidge Bank. "We just haven't taken a large jump outside of the box." Funny how far that...

Author: /time Magazine | Title: Bismarck: The Town the Recession Missed | 7/6/2009 | See Source »

...impassioned to the reckless. "What we see is a return of the right in Latin America - a more reactionary right, more prone to killing, more fascist than in the past," he said of the shooting. "I'm doing everything I can. If I had a parachute, I would immediately jump out of this plane." Afterward, stranded in El Salvador, he promised to continue his struggle but did not reveal what his next move would...

Author: /time Magazine | Title: Police Open Fire on Protesters in Honduras | 7/6/2009 | See Source »

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