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...trade one contract of crude oil on the New York Mercantile Exchange (NYMEX). Since you're not a member of the exchange, and no one will really trust your new oil venture, you're going to need to start with at least $10,000 in your margin account (similar to a brokerage account, but it lets you leverage your bets to the hilt) as collateral to comfortably trade one contract. That might sound like a lot for just one contract, but a single contract on NYMEX represents 1,000 barrels of crude oil: if the price moves $10 per barrel...

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

...reading a new book by Martin Jacques, a British journalist turned academic. Jacques' tome is called When China Rules the World: The End of the Western World and the Birth of a New Global Order, and his thesis, which he advances with a depth of argument often missing in similar works, is made plain enough by his title. The most likely scenario for the future, Jacques writes, is that "China continues to grow stronger and ultimately emerges over the next half-century, or rather less in many respects, as the world's leading power." His book is an examination...

Author: /time Magazine | Title: Into the Unknown | 8/10/2009 | See Source »

...avidly studying European art and architecture. In particular, says Mitter, the first half of the 20th century - that period when Shanghai was at its peak, but which is routinely dismissed in the thumbnail history - is "really important; the questions about their society that Chinese are asking now are very similar to the ones that they asked in the 1920s and 1930s." (Read "Why China Keeps Picking on Sarkozy...

Author: /time Magazine | Title: Into the Unknown | 8/10/2009 | See Source »

...scans showed that group leaders and the second most dominant monkeys had lower amounts of visceral fat than their subordinates, who carried the bulk of their body fat in their guts. In human populations, something similar happens: studies have linked lower social status to a higher incidence of metabolic syndrome - the condition whose symptoms include high blood pressure, high glucose levels and being overweight - which promotes heart disease...

Author: /time Magazine | Title: Fat-Bellied Monkeys Suggest Why Stress Sucks | 8/8/2009 | See Source »

...Baby Boomer nostalgia. Some of the original, '60s-vintage G.I. Joes have fetched sizable prices. A rare and ill-fated G.I. Nurse from 1967 - the earliest and least successful female G.I. Joe produced - went for more than $6,000 at auction. Some of the earliest, rarest figures attract a similar price...

Author: /time Magazine | Title: G.I. Joe | 8/7/2009 | See Source »

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