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With his mellifluous voice and unmistakable cadence, William Shatner could make reciting the ingredients on a cereal box sound philosophical - or at least as if he thought they were. From his 1978 spoken-word rendition of Elton John's "Rocket Man" to his latest lyrical spoof of Sarah Palin's farewell speech on The Tonight Show, Shatner has proven himself to be the reigning master of self-mockery. TIME spoke with the Emmy Award-winning Star Trek icon turned Priceline pitchman about his off-camera relationship with Conan O'Brien, buying dinner for J.J. Abrams and why, when it comes...

Author: /time Magazine | Title: William Shatner | 8/10/2009 | See Source »

...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 1,000 barrels of crude...

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

...lost a grand per contract. Remember that on both trades, you're going to pay high transaction fees and commissions, and you'll likely be forced to take a worse price in order to guarantee that your trade executes. In all, you'll probably give up at least $20 per contract. That adds up, and can easily eat away at any potential profits. If you made one trade per day, you'd be losing 1% of your account value per week just on fees and slippage. At least at the roulette wheel they bring you free cocktails when...

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

...concerns over U.S. economic policy, given its position as Washington's largest foreign creditor. Beijing never signed on to what became known in the late 1990s as the Washington Consensus on global economic policy, which called for free trade, privatization, light-touch regulation, prudent fiscal policies and - at least as many interpreted the consensus - free capital flows. The U.S. Treasury, in the wake of the credit meltdown, has put forward a plan to enhance regulation of its own capital markets, but that is unlikely to prevent Beijing from continuing to push for the IMF to take a greater role...

Author: /time Magazine | Title: Can China Save the World? | 8/10/2009 | See Source »

...that going to happen occasionally or at least that I'm not going to be able to get what I want? Here's how I've described it, and this is the truth as I see it: there is nothing that would make you healthier that health reform would prevent you from getting...

Author: /time Magazine | Title: Obama: 'This Has Been the Most Difficult Test for Me.' | 8/10/2009 | See Source »

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