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...that most traders just won't think of. Earlier this year, for instance, Hall and his traders rented a tanker and filled it with 1 million barrels of oil. Oil prices were down, but most traders thought they were going up again, so futures contracts pegged to distant-month deliveries were expensive. The better deal was the real thing, and with the shipping business mired in the recession, Hall was able to get a tanker to park offshore somewhere with his oil for a very modest sum. "You were able to get a better price if you were willing...

Author: /time Magazine | Title: How Citi's Andrew Hall Made $100 Million Last Year | 10/19/2009 | See Source »

...next month or so, financial firms will decide what they will pay their employees in year-end pay. Bonuses at Goldman Sachs, for instance, are on track to average over $650,000 per employee. Many people will get paid much more. Johnson says if Hall had stayed at Citigroup he might have been the only person at a top bank to receive a $100 million payday this year. But plenty of other folks will come close. He estimates that about 100 investment bankers and traders will receive a bonus of $10 million or more...

Author: /time Magazine | Title: How Citi's Andrew Hall Made $100 Million Last Year | 10/19/2009 | See Source »

...considerate things the then candidate had supposedly done for you ("Barack Obama shoveled the snow from your walkway," etc.). The meme inspired numerous imitators and, like many popular Internet gags, is now available as a book. Soon after Representative Joe Wilson shouted "You lie!" at President Obama last month, the decidedly less complimentary JoeWilsonIsYourPreexistingCondition.com started making the rounds online. (Read "Representative Wilson's Outburst...

Author: /time Magazine | Title: Where's Balloon Boy? Ask the Web | 10/19/2009 | See Source »

...environmental degradation, but also that the brunt of tragedy is borne by poor countries least equipped to deal with such misfortune. In 2008, 98% of natural disaster - related fatalities occurred in Asia, according to the Worldwatch Institute, a Washington-based research group. At a World Health Organization summit last month, health ministers from Southeast Asia announced that from 1998 to 2009, 750,000 people had perished from natural disasters in their region alone...

Author: /time Magazine | Title: Behind Asia-Pacific's Unnatural Disasters | 10/19/2009 | See Source »

Since the beginning of the month e-mails have been hitting House lists asking, in one form or another, "When is the heat getting turned...

Author: By Eric P. Newcomer | Title: Hot N Cold | 10/18/2009 | See Source »

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