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...contract, but a single contract on NYMEX represents 1,000 barrels of crude oil: if the price moves $10 per barrel, you just had a swing of $10,000 in your account, which means you've either doubled your money or lost your shirt, your dreams wiped out in mere minutes. And you thought casinos had all the action...

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

...While these examples serve as “lessons to be learned from” antitheses to the idealized Indian family, they are not just mere aberrations. Bollywood and elders now romanticize a time of close-knit familial relations that seems impossibly forced, even for the olden times. The realities of family rifts are often rewritten in golden age retellings of the joint-family collective memory, or dismissed as the result of wayward relatives and brash younger generations. Surely Dhirubhai Ambani may be rolling over in his grave, but today’s evidence for familial breakdown is rooted...

Author: By Ashin D. Shah | Title: Divide | 8/10/2009 | See Source »

Fromme, Lynette (Squeaky) • imminent parole of is announced - of all times - mere days before the 40th anniversary of the Manson murders...

Author: /time Magazine | Title: This Preposterous Week! Paul Slansky's News Index | 8/7/2009 | See Source »

...alleys (for example, to mock the regime's insistence that foreign agents helped foment the street protests, a noted brother duo sprayed "God Save the Sk8" against a British flag). Break dancers and techno producers must be content performing in cramped basements and villas outside the capital. Nonetheless, the mere existence of these cultural jammers is a form of protest...

Author: /time Magazine | Title: Graffiti, Hip-Hop, Sk8s: Tehran's Young Rebels Battle the Crackdown | 8/7/2009 | See Source »

...village 5 miles from Gojra. There, a Christian family was celebrating a wedding on July 28 when, somehow, a rumor spread alleging that the revelers had torn the pages of the Koran and thrown them in the air. No evidence has emerged that this actually happened. But the mere suggestion appeared to set off days of rioting. Christian homes in Korian were torched before the violence spread to Gojra. Last Friday, Christian residents say, the preacher at a nearby mosque issued a fiery sermon inciting violence against them. The police visited the Christian community later that night, warning them...

Author: /time Magazine | Title: Pakistan: Who's Attacking the Christians? | 8/5/2009 | See Source »

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