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...futures market is like a perpetual roulette 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...

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

...behind the wheel of your car, someone may be on to you. More and more cities are equipping patrol officers, toll booths and even access roads with computer sidekicks that can keep track of vehicle movements. By doing so, they are changing the face of 21st century law enforcement - and sparking debate over privacy issues...

Author: /time Magazine | Title: License-Plate Scanners: Fighting Crime or Invading Privacy? | 7/30/2009 | See Source »

...doesn't take much research to figure out that driving and text-messaging is not a wise combination. But a new report is among the first to demonstrate just how distracting it can be to multitask behind the wheel. The Virginia Tech Transportation Institute conducted several high-tech, "naturalistic" studies monitoring truck drivers by video camera as they covered more than 6 million miles. (The authors have said they believe the results are applicable to all drivers). While the report has not formally been released, its initial findings showed that drivers who took their eyes off the road...

Author: /time Magazine | Title: Texting Drivers, Tempting Fate | 7/29/2009 | See Source »

...Lowdown: This research confirms what common sense already tells us - texting behind the wheel is a really bad idea. Two recent examples: two months ago a Boston trolley driver slammed into another trolley just after text-messaging his girlfriend, injuring 62 people. In September, 25 people were killed when a California train engineer struck a freight train after texting a friend. And a video of a Texas bus driver apparently striking a car while texting has been making the rounds on YouTube. It's hard to argue against banning the practice for drivers - 14 states already do - though it remains...

Author: /time Magazine | Title: Texting Drivers, Tempting Fate | 7/29/2009 | See Source »

...well have been hooked up to tubes and on the brink of death. I was forbidden from riding in cars with friends. As for my own license? If even Christine, my "responsible" friend, managed to get us into an accident, then I shouldn't ever be allowed behind the wheel. Since I was in no position to pay for my own car or insurance, I didn't argue...

Author: By Lena Chen | Title: The View from the Passenger Seat | 7/27/2009 | See Source »

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