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...them have the ability to execute at lightning speed, and the closer their computers are to the ultimate destinations, i.e. exchanges, the more of an advantage they have," says Arnuk, whose paper began circulating several months ago, setting Wall Street abuzz. (See pictures of TIME's Wall Street covers...

Author: /time Magazine | Title: High-Frequency Trading Grows, Shrouded in Secrecy | 8/5/2009 | See Source »

...driving force is China, whose gangbusters economy requires ever more energy. Beijing says it wants to lift nuclear-generated power from its current 11 gigawatts to 86 gigawatts by 2020 - an increase equivalent to France's current total output. China is already adding 14 reactors to the 11 it operates, including three third-generation installations supplied by Areva and Westinghouse. And it won't stop there: Beijing has signed on for an additional 35 plants to be built over the next decade, and is studying a further 80. (See pictures of China's wild side...

Author: /time Magazine | Title: Areva's Field of Dreams | 8/5/2009 | See Source »

...much as an anti-Karzai but as an alternative Karzai, offering the same promises of peace, security and stability with a new face, scrubbed clean of the corruption charges that have dogged the President's recent tenure in power. (The anti-Karzai title more properly goes to Ashraf Ghani, whose campaign is grounded in exhaustive, intelligent - some might say too intelligent - and effective policy initiatives that get to the root of the country's problems.) Change and hope are Abdullah's slogans, though like Karzai's, his leadership abilities seem to be based more on personal charisma and networking than...

Author: /time Magazine | Title: Karzai's Challenger Dr. Abdullah Abdullah | 8/5/2009 | See Source »

...release removes one obvious thorn between Washington and Pyongyang, whose relations in the past six months have sunk to a level "that's as bad as I've ever seen them," as Clinton's former ambassador to the U.N., Bill Richardson, said on Tuesday. Now the question of the moment is, Will the former President's visit reverse that deteriorating dynamic? Clinton met with Kim for 3½ hours on Tuesday evening. Even if the former President didn't - as the White House insisted - bring a specific message to Kim from Obama, it's safe to assume...

Author: /time Magazine | Title: Can Clinton Reverse the U.S.–North Korea Downward Spiral of Diplomacy? | 8/5/2009 | See Source »

...Wrongful eviction and Social Security-related issues remain “popular” as well. The most noteworthy case I worked on involved a woman whose welfare benefits were terminated after bureaucrats determined that taking her mom to chemotherapy wasn’t a “good excuse” for missing a job training program; her case is still awaiting resolution...

Author: By Max J Kornblith | Title: Back Home and Down to Earth | 8/4/2009 | See Source »

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