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...acts like the awkward teenager who penned those heartfelt letters, and she threw out her old Breakfast Club VHS tape years ago. And yet, when she heard of the director's sudden death last week at the age of 59, she felt like she had lost a family member. She wrote about her relationship with Hughes on her blog as a way to sort out her emotions. "I did it just for me, but I knew a few friends would see it too." (Read "John Hughes, Chronicler of '80s Teens, Dies...

Author: /time Magazine | Title: John Hughes' High School Pen Pal | 8/10/2009 | See Source »

First, you'll need money. How much? Let's say you want to trade one contract of crude oil on the New York Mercantile Exchange (NYMEX). Since you're not a member of the exchange, and no one will really trust your new oil venture, you're going to need to start with at least $10,000 in your margin account (similar to a brokerage account, but it lets you leverage your bets to the hilt) as collateral to comfortably trade one contract. That might sound like a lot for just one contract, but a single contract on NYMEX represents...

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

...hasn't stopped the Conservatives and other centrist parties from falling into bouts of my-policy-is-tougher-than-yours posturing. The Conservative Party also raised eyebrows with its choice of allies in the European Parliament: a new right-wing grouping chaired by Polish MEP Michal Kaminski, a former member of two hard-right parties. But Pickles says the key to winning the argument against extremism is to take it back to grassroots. "The only way to deal with [the far right] is by local politicians championing their neighborhoods and being very proud that they represent their electors," he says...

Author: /time Magazine | Title: The March to the Far Right | 8/10/2009 | See Source »

...private BNP rallies, Griffin, convicted in 1998 of incitement to racial hatred, warns adherents that Muslim men are plotting to defile underage British girls, peppering his invective with concocted statistics such as this one: "The average racist murderer in this country is 40 times more likely to be a member of an ethnic minority than the other way round." It's safe to say that a resemblance to India's icon of peaceable nationalism isn't immediately obvious. The link turns out to be distributism, a philosophy opposed to big government and big corporations alike and a formative influence...

Author: /time Magazine | Title: The March to the Far Right | 8/10/2009 | See Source »

...landslide re-election and had huge majorities in the Senate and the House. We have the largest Democratic majorities since LBJ. But the way that Congress works is a little bit different today than it was then ... I think that Congress is more splintered. I think each member of Congress is a little more independent from party than they might have been in the past. I think the nature of the Republican opposition has changed. Today it's much more concentrated on the conservative end ... Whether we've struck that right balance, we'll find out in the next couple...

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

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