Word: yes
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...small. Dangerously small. To limit trading would make it smaller still. If the government decides to curb trading in the oil-futures market, it would limit trading by purely financial speculators. Instead, the government should focus on trade activity by oil companies, oil suppliers and oil hedgers like airlines. Yes, you read correctly: oil traders with physical ties to crude represent the greatest threat for another price hike...
...Another common misconception is that speculators only buy and hold assets. More accurately, speculators try to benefit from fluctuations in prices. In other words, speculators cannot profit from sustained high prices, only from changing prices. So, yes, the recent volatility in the oil market can certainly be attributed to speculation, but speculation cannot support an extended price rally. Major players like banks, on the other hand, are more than just pure speculators, having the resources to drive prices...
...strike on a compound after coming under fire from it. A number of civilians died, and McChrystal was not pleased. "I want you all to stop dropping compounds," he quietly told the 100 members of his staff gathered inside his command center and others linked via video. "Yes, sir," responded the commander involved. Three days later, when troops in Helmand came under fire from such a compound, they followed his order. "We made the decision to isolate the compound and not destroy it," a Marine captain said, "because we couldn't confirm if civilians were inside...
...world's oldest profession isn't about to take the recession lying down. Brothels and bathhouses have launched promotions - including free shuttle buses and senior-citizen discounts - in a bid to arouse interest among wary spenders. As part of a new deal at Yes Sir! in Hanover, Germany, customers pay $111 to have as much sex as they want (or can) for one hour. At Geizhaus, recent promotions allowed guests to have sex for free on Halloween and Easter if they wore a costume or brought in a decorated egg. And Berlin's Pussy Club charges guests a $98 flat...
...During the final stretch of the presidential election last fall - when Diarra's fantasy of an African American in the White House began to seem probable - he downloaded a new ringtone onto his phone, of Obama chanting "Yes we can! Yes we can!" As the election results rolled in, Diarra joined the celebrations on Bamako's streets, and changed his ringtone again, to Obama's victory song by Stevie Wonder, "Signed, Sealed, Delivered," which he has kept ever since. His taxi's dashboard is decorated with stickers of Obama's face. And during the hours he spends chugging through Bamako...