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...thing the exchange is not doing is telling the public just who it is that uses the exchange's special access to conduct high-frequency trades. The NYSE plans to keep secret the small group of investment firms that collectively make what could be billions of dollars a year off their special access...

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

Still, Arnuk says the problem isn't resolved so long as exchanges are making markets more opaque and multi-tiered than ever. "If small investors and if long-term investors - and by long-term investors, I mean longer than a few seconds - if long-term investors don't have confidence that they're on [a level] playing field with giant supercomputers ... How are they going to feel about owning equities? That's the real scare...

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

Rudd said the incident emanated "from a small number of individuals who should in no way be taken as a wider reflection of any group within Australian society." A number of critics, however, say the so-called plot illustrates a failure to integrate immigrants like the Somalis into Australian society. Dr. Berhan Ahmed, chairman of the Melbourne-based African Think Tank, an organization dedicated to assisting African refugees, says outdated policies are responsible for migrants' struggling in Australian society. Unemployment remains a huge problem. Ahmed also cites the practice of putting refugees into troubled government-owned housing complexes or high...

Author: /time Magazine | Title: The Somali Connection: A Terrorism Crackdown in Australia | 8/5/2009 | See Source »

...intruders wore masks and carried guns. They went door to door, through the narrow and dusty alleyways, asking if there were any Christians inside. When the terrified faces inside replied yes, they poured chemicals on the small, redbrick homes of Episcopalians and Evangelicals, setting them ablaze. In some cases, they didn't bother with the question. Instead, they opened fire and hurled rocks, forcing families to flee in a panic - moments before fresh flames consumed their homes as well. When the attackers were done, nine people had been killed and 45 homes lay smoldering and destroyed in the clustered Christian...

Author: /time Magazine | Title: Pakistan: Who's Attacking the Christians? | 8/5/2009 | See Source »

...parents. George W. Bush in 2006 got a belt buckle from visiting Canadian Prime Minister Stephen Harper and cuff links from his staff. But the best presents of all have been the priceless ones. On Nov. 2, 1920, Warren Harding returned from a golfing excursion to find 55 small pink candles on a frosted white cake. Then he sat back to await the election returns - and learned he had been elected President. On May 8, 1945, Harry Truman got an even better gift for his 61st birthday: Germany surrendered in World War II. As the rest of the U.S. celebrated...

Author: /time Magazine | Title: Presidential Birthdays | 8/4/2009 | See Source »

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