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...wheel: red or black, up or down ... in the end, you're just betting on the direction of prices. And just as in roulette, the house will hold an advantage. In this case the house effectively consists of big players like Goldman Sachs who own supercomputers that can easily stay one step ahead of your moves. Also, since you're not a big player the action is going to come at a steep cost. You'll pay more in exchange fees and commissions than the big boys, and get less profitable prices, buying slightly higher and selling slightly lower than...

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

...dark, they call the Dial4Light number and either recite or enter the six-digit code - which can be found online or on every lamp in each street - that corresponds to the stretch of road they want lit. Within seconds, the lights are on, and they'll stay on long enough for someone to walk from one end of the street to the other. "The scheme is easy for everyone to use," says Grote...

Author: /time Magazine | Title: Germany's Bright Idea | 8/10/2009 | See Source »

...There's something about the way the fishermen look, pulling hard on their cigarettes as they stare down at the reddened waters of the cove, that suggests the task isn't exactly easy for them. Some would argue that dolphin-fishing is their cultural right and that foreigners should stay out of their business (i.e., the sale of dolphins for meat, at about $600 a head). The film counters with a fleet of scientists flown in (more money!) to unearth evidence that no one should be eating dolphin meat; samples were toxic with mercury. The filmmakers hope The Cove will...

Author: /time Magazine | Title: Rescue at Sea | 8/10/2009 | See Source »

Still Too Late for Some It would be less monstrous if more people could take advantage of government and bank programs that would allow them to stay in their homes. But this part of the equation has been difficult in Boise and nationwide - the reason the Obama Administration recently invited 25 mortgage servicers for a day of head-knocking in Washington...

Author: /time Magazine | Title: How the Housing Market Is Fighting Its Way Back | 8/10/2009 | See Source »

...with a new appreciation of our astronauts [July 27]. It was carefully researched and beautifully written and filled in the gap in my knowledge of the lives of these men after their missions. Kluger's last paragraph on the "enduring legacy" of the 24 men's unique "comradeship" will stay with me. They are more human and more heroic than I ever imagined. Gerry Mandel, ST. LOUIS...

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

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