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What would Canada's Detroit Three, who export about 85% of their production south, do with a cash infusion - by some estimates anywhere from $2 billion to $4.3-billion? "They would cover payroll and hope things get better," says Alan White, an investment specialist at University of Toronto's Rotman...

Author: /time Magazine | Title: Canada Faces Its Own Auto Industry Pains | 11/17/2008 | See Source »

SemGroup was short oil. Massively. That is, it had bet that the price was going down by contracting to sell millions of barrels of oil it did not own at a future date, on the assumption that the price would fall and SemGroup could supply the barrels at a lower...

Author: /time Magazine | Title: What Caused the Big Slide in Oil Prices | 11/14/2008 | See Source »

With speculators' positions massively leveraged, holding only a fraction of the value of the oil they had purchased, they scrambled to cover losses. Not only did oil prices go down, but other assets also declined significantly. The further oil prices went down, the more deleveraging and liquidation had to occur...

Author: /time Magazine | Title: What Caused the Big Slide in Oil Prices | 11/14/2008 | See Source »

As one losing campaign once said, “We take ourselves too seriously, and our work not seriously enough.” It is not easy to win, but when we take arbitrary and fundamentally meaningless titles as seriously as we do, it is even harder to achieve.

Author: By Elise X. Liu | Title: Winning, As Usual | 11/14/2008 | See Source »

The postponement of the Sands' Cotai Strip project may not be end of the bad news, according to Gabriel Chan, a Credit Suisse gaming analyst in Hong Kong. While operators are still making profits, the Sands isn't the only one that may have difficulty finding cash to finance its...

Author: /time Magazine | Title: Dark Days Ahead for Macau, Asia's Las Vegas? | 11/14/2008 | See Source »

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