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...Another common misconception is that speculators only buy and hold assets. More accurately, speculators try to benefit from fluctuations in prices. In other words, speculators cannot profit from sustained high prices, only from changing prices. So, yes, the recent volatility in the oil market can certainly be attributed to speculation, but speculation cannot support an extended price rally. Major players like banks, on the other hand, are more than just pure speculators, having the resources to drive prices...

Author: /time Magazine | Title: Why There Should Be More Oil Speculation, Not Less | 7/10/2009 | See Source »

...then there are the unsettling vignettes that have further tested the already strained relationship in recent years, such as when the late French Ambassador to the U.K. Daniel Bernard referred to Israel as that “shitty little country,” when eyebrows were raised in the French political establishment over President Nicolas Sarkozy’s part-Jewish heritage, and when, as recently as 2007, more than 7,000 French Jews requested asylum in the United States to escape the violent anti-Semitism they encountered in their home country...

Author: By James K. Mcauley | Title: Dear Israel, Listen to France | 7/10/2009 | See Source »

...engender creativity, fellowship, and 'learning by doing,'" wrote Nelson in an e-mailed statement on Friday. Hammonds, who emphasized that Nelson had extensive experience with both residential life and student activities, noted that Nelson had previously worked at Cornell and Syracuse Universities.The exodus of deans has raised questions in recent months about how the College intends to preserve the years of administrative experience accumulated by the three departing officials. Herschbach, an almost 30-year veteran of Harvard as well as a specialist in budgetary matters, served as a House Master, FAS Registrar, and administrator for the College while expanding...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Harvard College Consolidates Offices for Student Life, Cuts 5 Staff Positions | 7/10/2009 | See Source »

...more effectively inside to limit and eventually try to end the war than McNamara," Ellsberg said. But McNamara could have even been more effective if his concerns were aired publicly, Ellsberg added, comparing McNamara's role in Vietnam to that of Secretary of State Colin L. Powell in the recent Iraq...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Kennedy School Colleagues Reflect on McNamara's Career | 7/10/2009 | See Source »

...China's approach to the region is captured in a recent plan to bulldoze much of Kashgar's historic Old City - an atmospheric, millennia-old warren of mosques and elaborate mud-brick houses - and replace it with a tourist-oriented theme park version, resettling its Uighur population (who were not consulted) in "modern" housing miles away from the city...

Author: /time Magazine | Title: The Uighurs | 7/9/2009 | See Source »

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