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It's all a sign of how quickly and cannily the investment world reacts to the scent of a new opportunity. An added attraction in this case is that the market for such products is so richly diverse. Not so long ago, traders in weather futures were energy producers, insurance...

Author: /time Magazine | Title: Cash Cow | 12/12/2007 | See Source »

What you are supposed to say about immigration--what most of the presidential candidates say, what the radio talk jocks say--is that you are not against immigration. Not at all. You salute the hard work and noble aspirations of those who are lining up at American consulates around the...

Author: /time Magazine | Title: Kidding Ourselves About Immigration | 12/6/2007 | See Source »

Like a Vice Tax David von Drehle summarized it well in "Oil's Silver Lining" [Nov. 19]: The $100 barrel gives us another chance to change our ways. It's a true gift to the planet from the present economic circumstances. And rest assured, prices are not likely to drop...

Author: /time Magazine | Title: Leadership vs. Loyalty | 12/5/2007 | See Source »

Odd or not, by 10 p.m. Howard had phoned his congratulations to Kevin Rudd, and Sky News announced the P. M.'s imminent arrival. A couple of diehards carrying a JOHN HOWARD FOREVER banner pushed roughly through the photographers lining the stage, careless of a supposedly left-leaning media complicit...

Author: /time Magazine | Title: Goodnight and Good Luck | 11/25/2007 | See Source »

That's a problem, because Bangladesh is already one of the most densely populated countries on the globe - just under half the population of the U.S. crammed into an area the size of the state of Iowa. Neighboring India is already so worried about the growing number of Bangladeshi migrants...

Author: /time Magazine | Title: How Bangladesh Survived a Cyclone | 11/19/2007 | See Source »

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