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...fact, much of Hall's ability to produce outsized profits for Citi comes from the creative ways he had found to make money off the oil markets, doing things that would either be impossible for the average small trader or that most traders just won't think of. Earlier this year, for instance, Hall and his traders rented a tanker and filled it with 1 million barrels of oil. Oil prices were down, but most traders thought they were going up again, so futures contracts pegged to distant-month deliveries were expensive. The better deal was the real thing...

Author: /time Magazine | Title: How Citi's Andrew Hall Made $100 Million Last Year | 10/19/2009 | See Source »

...sanctions. Than Shwe met Webb as part of a campaign to portray the Nobel laureate as "the enemy of the Burmese people [who] is too stubborn to lift sanctions," he says. But even Suu Kyi's pro-sanctions stance is no longer a given. U.S. engagement was "a good thing," she admitted recently through a spokesman for her National League for Democracy party...

Author: /time Magazine | Title: Getting to Know Burma's Ruling General | 10/19/2009 | See Source »

...when the Berlin Wall came down, there were 12 members of the European Community, as the E.U. was then known. Now there are 27. Inevitably, institutional reform of this metastasizing body has dominated debate for years, as its members have tried to figure how to make the damn thing work. The attention of political leaders has been directed inward, at just the time when tectonic movements outside Europe - the revival of political Islam, the economic rise of Asia - have both threatened and diminished Europe's centrality in world affairs. (Read: "Irish Ayes on Lisbon Treaty Have Europe Smiling...

Author: /time Magazine | Title: The Next Step for the European Union | 10/19/2009 | See Source »

...slogan: "Satisfy Your Wife Emotionally and Protect Your Marriage." Officers at the General Presidency stress that the religious police should help protect women from abuse and violence, and insist they no longer demand that women cover themselves. "Now we just tell people that covering up is the right thing to do," says Bandar al-Mutairi, a Vice and Virtue officer in Riyadh. "Just like when you see someone smoking. You can't take away their cigarette. You just tell them smoking...

Author: /time Magazine | Title: New Rights, and Challenges, for Saudi Women | 10/19/2009 | See Source »

...diplomatic training institute. Awadh al-Badi, a political scientist at the King Faisal Center for Research and Islamic Studies, says the reason that King Abdullah and the royal family are still cautious on women's rights is that they themselves are products of Saudi culture. "It's a generational thing," al-Badi says. "The King is an 85-year-old Arab man and he himself sees women in a certain way." Abdullah, he thinks, struggles with the special burden of modernizing the home of Islam's most revered sites. "But eventually, whatever the King decides the people will follow," says...

Author: /time Magazine | Title: New Rights, and Challenges, for Saudi Women | 10/19/2009 | See Source »

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