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...Although the rupiah could suddenly weaken against the dollar and shave off a significant chunk of a trader's profit, "If your carrying spread is wide enough, you'll comfortably take the currency risk," says Johanna Chua, chief economist with Citigroup in Asia. In fact, Chua says, the dollar carry trade has become so widespread among traders in Asia it has even triggered buying of more exotic and illiquid currencies like the Sri Lankan rupee. "That's the ultimate carry trade," Chua says...

Author: /time Magazine | Title: Who Loves the Weak Dollar? Currency Traders | 9/30/2009 | See Source »

...stained wretches, believing newspapers offered "the caricatures of disaffected minds." During Theodore Roosevelt's presidency, reporters were forced to remain outside the White House gates, until Teddy took pity on them during a rainstorm (the voluble T.R. would later enjoy bantering with scribes while getting a shave). Many Presidents required the press to submit questions in writing and barred them from printing direct quotations; access was so limited the New York Times's Arthur Krock won a Pulitzer for scoring a sit-down with FDR. Advances in technology have compelled recent leaders to engage with the media more often, albeit...

Author: /time Magazine | Title: Brief History: Presidents and the Press | 9/28/2009 | See Source »

...Many of these youngsters fit Hollywood casting for Southeast Asian guerrillas: scrawny, scrappy adolescents who show no sign of needing a shave anytime soon. But Felix, who sidled up to me as I watched the KIA academy cadets run through their drills, disturbed the easy image of a militia conscripting hungry boys in return for a fistful of rice. Armed with a university degree in international relations, Felix speaks fluent English and expresses himself eloquently on political philosophy. But as an ethnic Kachin - an ethnicity more than 1 million strong, famed for its fortitude while serving on the Allied side...

Author: /time Magazine | Title: Inside Burma's War | 9/21/2009 | See Source »

...Questioning your intentions every time you shave your armpits is exhausting. But “girlie” feminism does not advance a viable solution, nor does it assuage females’ anxieties about the authenticity of their efforts at self-improvement. Voluntarily choosing to objectify oneself may feel like empowerment. Yet such empowerment is ephemeral, given the inability of the female subject to control others’ interpretations of her choices. Brashly assuming traditional feminine tropes is no more productive than brashly assuming masculine ones: the taboo of the hairy-legged, power-suit-wearing, man-hating feminist from which...

Author: By Courtney A. Fiske | Title: Feminist Bad Faith | 9/15/2009 | See Source »

...part of the L.A. landscape for decades. And in recent years, other local food vendors have taken the humble truck concept gourmet. There is the venerated Kogi truck, which dispenses Korean-Mex tacos and makes ample use of Twitter to advertise its location. And other vans, purveying everything from shave ice to Vietnamese sandwiches, have also mushroomed - all despite a controversial citywide edict, put into effect last spring, that requires them to move at least every 30 minutes. (The law remains largely unenforced. "Nobody bothers us," says Case...

Author: /time Magazine | Title: A Cool Way to Make Architecture Pay: Ice Cream! | 8/12/2009 | See Source »

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