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...Carnival masks. They eat gelato and large margarita pizzas; they wait an hour in line to see the Doge’s palace and listen to one of the many tuxedoed string quartets in San Marco play Vivaldi (though they prefer it when the quartets strike up The Sound of Music). They say they have seen and done Venice and, in a sense, they would be correct...

Author: By Rachel A. Stark, CRIMSON STAFF WRITER | Title: The Façade | 8/11/2009 | See Source »

...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, you just had a swing of $10,000 in your account, which means you've either doubled your money or lost your shirt, your dreams...

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

...Fast still, the best possible answer to the question of whether China can save the world is: Not yet. Plenty of economists doubt that China's economy is as sound as it appears or truly on the road to a sustained recovery. And many more dismiss the chatter about China as the world's economic savior as hopelessly premature...

Author: /time Magazine | Title: Can China Save the World? | 8/10/2009 | See Source »

...daily sound bites, visit time.com/quotes

Author: /time Magazine | Title: Verbatim | 8/10/2009 | See Source »

...industry argues that the Pebble Mine can be developed without "serious risk to the environment." Have we forgotten the devastating 1989 oil spill in Prince William Sound? Unless the industry can say "no risk," the mine should be shut down. Reynold Knopf, HOLLISTON, MASS...

Author: /time Magazine | Title: Inbox | 8/10/2009 | See Source »

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