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...afford. As the price falls, and all of the other "smart" traders around you are forced to unwind their long positions and sell oil, the price will fall even faster against you. Why would the big boys do this to you? Well, any money lost by one trader must be gained by another. If they can make you take a loss, it ultimately translates to their gain...

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

...streetlights. But while the scheme saves money, it left residents like Dieter Grote and his wife worrying about their children coming home in the dark. "My wife has all the good ideas," says Grote, who runs an advertising agency. "I discussed the problem with her and we thought it must be possible to have the lights available on demand." Grote got in touch with the local utility company Lemgo and noodled a solution: How about turning on the village lights with a simple telephone call? A few months later, Lemgo had developed a special modem and software and, together with...

Author: /time Magazine | Title: Germany's Bright Idea | 8/10/2009 | See Source »

...mission in order to win the hand of his beloved princess, but along the way gets distracted - in a send-up of the grail quest - by the hunt for something called Snappy Cola. The second story, "Gran'pa Greenbax and the Eternal Smile," focuses on a miserly frog who must confront his thirst for riches when he finds himself the subject of a Truman Show - like plot. In the final story, "Urgent Request," a mousy, ridiculed office assistant puts her faith - and money - in an unsolicited e-mail purportedly concocted by a desperate Nigerian prince. (See the top 10 graphic...

Author: /time Magazine | Title: Reality Check | 8/10/2009 | See Source »

...years ago, I read a terrific collection of essays - It Must be Beautiful - on the great scientific equations of modern times. I loved it, but as I meandered through the book, I was struck by an unexpected poignancy. The first essays, by and large, described breakthroughs that had taken place in the laboratories of Europe. The second half was quite different. Some time in the 1920s, the balance of scientific discovery shifted inexorably to the U.S. A small book of essays held within it proof of a profound historical change...

Author: /time Magazine | Title: Into the Unknown | 8/10/2009 | See Source »

...basic problem is that while it's true that exercise burns calories and that you must burn calories to lose weight, exercise has another effect: it can stimulate hunger. That causes us to eat more, which in turn can negate the weight-loss benefits we just accrued. Exercise, in other words, isn't necessarily helping us lose weight. It may even be making it harder...

Author: /time Magazine | Title: Why Exercise Won't Make You Thin | 8/9/2009 | See Source »

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