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First, you'll need money. How much? Let's say you want to 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...

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

...pulled the government together and give "hope of a fair, just and united society under his One Malaysia banner," says political scientist Denison Jayasooria. Mr Najib saw to it that more non-Malays were employed in the civil service, started several new, government-managed, big-sized unit trust schemes allowing non-Malay participation. He even allowed unsold portions of the units reserved for Malays, to be offered to non-Malays after a stipulated time. (See pictures of former prime minister Dr. Mahathir Mohamad...

Author: /time Magazine | Title: Why the Honeymoon is Over for Malaysia's New PM | 8/6/2009 | See Source »

...would lead. This was the problem, of course: the uncertainty. Regimes like the Islamic Republic excel in sowing doubt. Without transparency, and allowed unfettered access to my own imagination, I started to question everyone, including my own friends. Had one of them sold me out? Who could I trust? It was a path of suspicion that led unexpectedly to myself. I began to understand Rubashov in his cell, in Arthur Koestler's Darkness at Noon, a man driven by his own logic to accept and even defend the judgment of his tormentors. Maybe I deserved it, maybe...

Author: /time Magazine | Title: A Reporter's Diary: Making a Tricky Exit From Iran | 8/3/2009 | See Source »

...don’t know if it’s because she once worked at Vogue, or if she simply possesses a Jewish-mother-knows-everything trait, but my mum always suggests the best places to shop. 20 years of experience have taught me to trust her advice, and so I confidently lead my dubious friend past the designer labels and expensive leather in San Remo, towards a little shop that seems to specialize in buckets and spades...

Author: By Olivia M. Goldhill | Title: Bargain Hunting | 7/31/2009 | See Source »

...Bush Administration would have none of it. "The Americans just couldn't bring themselves to trust the Iranians, even though they had been pretty straight in their dealings over al-Qaeda and the Taliban," says the official. Instead, the U.S. decided to protect the MEK, even over the objections of Iraq's elected government. (Read "Bin Laden's Son Loses Political-Asylum Bid in Spain...

Author: /time Magazine | Title: U.S. Spurned Iran Offers to Turn Over bin Laden's Son | 7/30/2009 | See Source »

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