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...futures market is like a perpetual roulette wheel: red or black, up or down ... in the end, you're just betting on the direction of prices. And just as in roulette, the house will hold an advantage. In this case the house effectively consists of big players like Goldman Sachs who own supercomputers that can easily stay one step ahead of your moves. Also, since you're not a big player the action is going to come at a steep cost. You'll pay more in exchange fees and commissions than the big boys, and get less profitable prices, buying...

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

Getting movies by mail is, Netflix hopes, just a stage between the Blockbuster era of video stores and the imminent streaming of movies. You can already get 12,000 Netflix titles on your TV (if you have a Blu-ray player or spring for a $100 Netflix box). So, O.K., soon there will be no more waiting for DVDs. But it'll come at a price. You'll be what the online corporate culture wants you to be: a passive, inert receptacle for its products...

Author: /time Magazine | Title: Why Netflix Stinks: A Critic's Complaint | 8/10/2009 | See Source »

...have died from heatstroke. According to the lawsuit "large numbers of agricultural employers fail utterly to provide basic access to water and shade for their employees" and, as a result, hundreds suffer heat-related illnesses and hospitalizations - or worse - each year . (Read a story about how a pro-football player died of heatstroke...

Author: /time Magazine | Title: Fatal Sunshine: The Plight of California's Farm Workers | 8/8/2009 | See Source »

...influence and ancient feuds over land and the oil beneath it produced a storm of bloodletting. But last month, once U.S. troops began to shrink back to their giant bases, which are like sand-blown, little American cities, with pizza and burger chains, they ceased to be the dominant player in Iraq. And if the U.S. can no longer influence events in Iraq, what's the point of lingering around eating gritty pizza...

Author: /time Magazine | Title: The Case for Leaving Iraq — Now | 8/8/2009 | See Source »

Spotify hopes to have its new application available on the iPhone within the next few weeks. The trick is getting Apple to approve an application that some observers see as a potential challenger to Apple's own iTunes music player, which iPhone owners use to listen to their downloaded tunes. "Apple has made it clear in the past that iPhone apps should enhance the experience, not compete with its core functionality," says Mark Mulligan, a London-based analyst with Forrester Research...

Author: /time Magazine | Title: Will Apple Open the iPhone to Rival Spotify? | 8/6/2009 | See Source »

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