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...fair and that all exchanges charge for similar services. The exchange doesn't consider it special access because any firm that wants to can pay the fee and co-locate. Furthermore, firms that co-locate aren't at much of an advantage if they don't know how to program their computers with the algorithms that will ultimately keep them ahead of the crowd. (See 10 ways your job will change in the coming decade...

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

...even the most optimistic greens could have predicted that the federal government's cash-for-clunkers program would work this well - more than 240,000 Americans have traded in their clunkers so far, and the program has already burned through its first round of funding. But green groups were a bit wary of cash for clunkers at the outset, concerned that the legislation's requirements on fuel economy were too lax. Under the program, newly purchased passenger cars must have a minimum fuel-economy rating of 22 miles per gallon - hardly superefficient - and they need to be only 4 m.p.g...

Author: /time Magazine | Title: Cash for Clunkers: How Big an Environmental Boost? | 8/5/2009 | See Source »

...already retooling some models to improve their fuel economy so they can qualify for the credits. The early numbers were enough to convince California Senator Dianne Feinstein to go from criticizing cash for clunkers as too lax to supporting additional funding for the bill in the Senate. "This program has done much better than we ever thought it would for the environment," she told reporters on Aug. 4. (Read "Nissan's New Leaf: An Electric Car and Charging Stations...

Author: /time Magazine | Title: Cash for Clunkers: How Big an Environmental Boost? | 8/5/2009 | See Source »

...nice idea, but the plan may end up reasserting South Korean women's secondary status more than boosting it. Led by Mayor Oh Se Hoon, the $104 million program launched in 2007 under the slogan "Happy Women, Happy Seoul," with a focus on mothers of young children and the unemployed. Assistant mayor of women and family policy affairs Cho Eun Hee says the program will be, among other things, helping to find work for jobless women, paving streets to make them high-heel friendly, building more women's public restrooms, improving lighting in public spaces, creating safe parks for women...

Author: /time Magazine | Title: Will High-Heel-Friendly Streets Keep Seoul's Women Happy? | 8/5/2009 | See Source »

...between the U.S. and North Korea. It also reminds his hosts that there used to be better days between the two countries. In 1994, during Clinton's first term in office, the two sides entered into the Agreed Framework, the first time Pyongyang agreed to abandon its nuclear-weapons program in return for a range of economic benefits, including the construction of two light water nuclear reactors to generate electricity for the impoverished country. In fact, it was pursuit of that agreement that set the precedent for Clinton's current trip: at a moment when it seemed...

Author: /time Magazine | Title: Freed U.S. Journalists Arrive Home | 8/5/2009 | See Source »

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