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...price of an option, which gives an investor the right to buy or sell a stock at an agreed price, called the strike price, largely depends on the volatility of the underlying stock. If a stock is more volatile, and therefore more likely to move farther up or down, options are more valuable. For instance, as the market has fallen over the past year, investors have flooded into put options - the right to sell a stock - in order to hedge their portfolio against steep falls in the stock market. Thus, the prices of put options increased, and with them...

Author: /time Magazine | Title: The Volatility Index Is Falling: A Bullish Sign? | 4/22/2009 | See Source »

...host such an influential speaker is very important, first of all, for the Latin-American community at Harvard,” said Christopher J. Hollyday ’11, one of the Forum staff. “And it is also important for Mexican-American relations, as we move forward into our future. These issues affect...

Author: By Minji Kim, CONTRIBUTING WRITER | Title: Carlos Fuentes Talks Literature and Politics at IOP Forum | 4/22/2009 | See Source »

...still visit, of course; relations might not be quite as friendly as with Canada, but certainly warmer than with, say, Cuba. NCAA offcials would have to grant an exception for foreign participation in college bowl games, but I'm betting they'd agree. American Airlines might decide to move out of Dallas, but I'd be O.K. with leaving NASA behind and letting Texans decide if they could afford to return to the moon. Border-patrol costs would be steep, but I'm sure Texas' application to join NAFTA would be favorably received. And it would get a vote...

Author: /time Magazine | Title: Governor Perry's Tantrum: So What if Texas Secedes? | 4/22/2009 | See Source »

...unusual rhythms and dissonance of the piece, the tribal motions of the dancers were quite stunning. As a whole, the performers executed the half-hour long piece with the upmost precision and professionalism, never faltering for a second in their amount of energy and the care given to each move. In particular, the performance by Kristin E.I. Aune ’03—the “chosen” character—was truly remarkable. Using her body with the upmost precision, she successfully conveyed the essence of her part. While the technique of the dancers was exquisite...

Author: By Matt E. Sachs, CONTRIBUTING WRITER | Title: ‘Rite’ Isn’t Quite Right Without Innovation | 4/21/2009 | See Source »

Onen was also appalled by how his paper was misused, noting that the conditions of his experiment subjects had little in common with those of the CIA program. "[The study subjects] were distracted from sleeplessness by playing different games or watching soccer matches. They could eat, drink, read and move about as they wished. [From] the American documents, we learn that sleep deprivation spanned from 70 to 120 hours - and set maximum limits of 180 hours for the hardest resisters, which is over a full week without sleep," Onen said. "In other words, they discuss starting the sleep deprivation process...

Author: /time Magazine | Title: Scientists Claim CIA Misused Work on Sleep Deprivation | 4/21/2009 | See Source »

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