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...location gives firms that can afford to do it an unfair advantage, because the exchange is "offering them things that the general investor does not get." (Firms pay for the server space they use: as little as $50,000 a year, but as much as $500,000 a month to co-locate at the NYSE and other exchanges, says Murray White, senior vice president of global technologies at the exchange...

Author: /time Magazine | Title: High-Frequency Trading Grows, Shrouded in Secrecy | 8/5/2009 | See Source »

...stations nationwide will not be able to open on the day of elections due to violence, most in the Pashtun-dominated south where Karzai is favored, possibly depriving him of a first-round victory (if no candidate gets 50% of the vote, elections will go to a runoff a month later). The possible closing of some 10% of the polls has raised fears that the elections will not be perceived as fair, particularly among Pashtuns, who make up the majority of Taliban insurgents. The areas where Abdullah is most popular tend to be in the more stable north, where...

Author: /time Magazine | Title: Karzai's Challenger Dr. Abdullah Abdullah | 8/5/2009 | See Source »

...efficiency gains on Monday, Aug. 3, noting that of the 120,000 rebate applications processed so far, the cars purchased have been far more fuel-efficient than the minimum requirements to qualify for the highest rebates. But GM's July news wasn't all good: though sales were up month to month, they are still down 18% from July of last year. (Watch a video about an optimistic Dodge dealer...

Author: /time Magazine | Title: Automakers Give Rave Reviews to 'Cash for Clunkers' | 8/4/2009 | See Source »

...refused to return voluntarily to Mass. to face criminal charges which include first degree murder, accessory after the fact of murder, carrying a gun without a license, and armed robbery. Jiggetts already faced a similar extradition hearing last month, which was also adjourned...

Author: By Bonnie J. Kavoussi, CRIMSON STAFF WRITER | Title: Extradition of Second Suspect Postponed | 8/4/2009 | See Source »

...Last Thursday, I helped drain a swamp that a village community uses for drinking and bathing water. The rainy season will start sometime next month, and so the villagers asked us to help clear out the feet-deep layers of sludge at the bottom in order for clean rainwater to accumulate...

Author: By Ahmed N. Mabruk, CRIMSON STAFF WRITER | Title: T.I.A. | 8/4/2009 | See Source »

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