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...measure of the havoc wreaked on the world's banking system in recent months that the words chosen by bank bosses to convey the health of their business have lost all relative meaning. Victor Blank, chairman of Lloyds Banking Group, saw "exciting prospects for the group" in its first-half results unveiled Wednesday, Aug. 5. Northern Rock "is making progress," chief executive Gary Hoffman said of the British bank's half-year results announced a day earlier. "Our first-half performance," Barclays boss John Varley reckoned the day before that, was "a good start." At HSBC, chief exec Michael Geoghegan...

Author: /time Magazine | Title: For Britain's Banks, Latest Earnings Show an Uneven Recovery | 8/5/2009 | See Source »

...exchange, firms are allowed to co-locate, i.e., rent server space within or near the NYSE or another exchange's computer servers to get access to trading statistics faster - just milliseconds faster - than competing investors. This is just one of the techniques that have come to light in recent weeks as the result of a paper by Sal Arnuk and Joseph Saluzza, co-founders of Themis Trading...

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

Kakani Katija, a graduate student at the California Institute of Technology, believes it's possible, based on her recent experiments with jellyfish blooms in a freshwater lake in Palau. Using high-powered underwater lasers and video cameras, Katija and her team studied how the movement of jellyfish impacts the water around them. Researchers placed a fluorescent dye in front of the jellyfish and observed what happened as the jellyfish swam through it. To their surprise, rather than swimming through the dye, the jellyfish appeared to pick it up, tucking it in a space just behind their tentacles. As the jellyfish...

Author: /time Magazine | Title: Churning Ocean Waters, One Jellyfish at a Time | 8/5/2009 | See Source »

...worldwide, in part due to the overfishing of jellyfish's natural predators, including anchovies, sardines and herring. In the Sea of Japan, for example, the nomura, jellyfish that grow up to 6.5 ft. (2 m) in diameter and weigh more than 400 lbs. (180 kg), have proliferated, and a recent study by Hiroshima University researchers has warned that another big bloom is expected this summer...

Author: /time Magazine | Title: Churning Ocean Waters, One Jellyfish at a Time | 8/5/2009 | See Source »

...them is Lauren Scirocco, a rising senior at Ramapo College of New Jersey. The 21-year-old tells TIME why it's hard to be a conservative in college classrooms, why Palin frightens Democrats and why she thinks Republicans will rise again. (See TIME's recent cover of Sarah Palin...

Author: /time Magazine | Title: Young and Conservative in the Age of Obama | 8/4/2009 | See Source »

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