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...stay one step ahead of your moves. Also, since you're not a big player the action is going to come at a steep cost. You'll pay more in exchange fees and commissions than the big boys, and get less profitable prices, buying slightly higher and selling slightly lower than they...

Author: /time Magazine | Title: So You Want to Be an Oil Speculator? | 8/10/2009 | See Source »

What, you have a brilliant plan to just buy and hold oil? Don't count on it. The bigger players know what you're thinking, and they'll drive the price temporarily down so you are forced to sell at a lower price - or risk losing more than you can afford. As the price falls, and all of the other "smart" traders around you are forced to unwind their long positions and sell oil, the price will fall even faster against you. Why would the big boys do this to you? Well, any money lost by one trader must...

Author: /time Magazine | Title: So You Want to Be an Oil Speculator? | 8/10/2009 | See Source »

...Netflix ad has one contented couple purring, "We don't miss the video store at all." Well, I do. Specifically, I miss Kim's Video, a lower-Manhattan movie-rental landmark that housed 55,000 DVDs and cassettes of the vastest and most eccentric variety - until it closed early this year and shipped the whole stash to Sicily. Admittedly, Kim's was one of the gems, but cities large and small used to have video stores with all manner of movies that you could see right away. With Netflix, you surrender those basic American rights: impulse choice and instant gratification...

Author: /time Magazine | Title: Why Netflix Stinks: A Critic's Complaint | 8/10/2009 | See Source »

...written it ourselves - because it represents some long-standing ideological divisions in our Congress and, frankly, in our society ... We've put forward what I continue to believe is the most sensible way of financing [a portion of covering the cost of the uninsured], and that is simply to lower the deductions, the itemized deductions that wealthy individuals can take. That would have covered it ... The fact that that has not yet been adopted I don't think is reflective of me not giving clarity to Congress. It has to do with the fact that members of Congress are skittish...

Author: /time Magazine | Title: Obama: 'This Has Been the Most Difficult Test for Me.' | 8/10/2009 | See Source »

...last stop is Best Buy. Gault shows a salesman a printout: a webcam listed at $135 in the store is going for $110 on the Internet. The salesman flatly refuses to match the lower price, citing store policy. Gault politely asks for a manager. As seasoned hagglers know, this person has the power to be your best friend...

Author: /time Magazine | Title: In the Recession, Shoppers Are Becoming Hagglers | 8/10/2009 | See Source »

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