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...Jackson biographer and family friend Stacy Brown says Joe's re-emergence is not out of character. "No one can put reins on Joe," Brown says. "With a potential custody battle and knowing that he would likely be among the negatives discussed [in any court battle], Joe does what Joe wants...
...dominate? Ostensibly, Ben and Andrew's conversations are about sexual boundaries and the ways in which straight men, even enlightened ones, recoil at the thought of gay sex (male, that is), but they are just as much about the limits of adult friendships and the boxes we often put our oldest friends in. "You're not as Kerouac as you think you are, and I'm not as white picket fence as you think I am," Ben tells Andrew...
...futures market is tiny compared with the physical oil market: less than 3% of the world's oil consumption over the next year is accounted for in the open interest - the contracts currently being traded - at the New York Mercantile Exchange (NYMEX). To put it in perspective, Saudi Arabia alone produces four times that much oil. Consider the leverage that the futures market allows - you can trade more than 10 times your money in oil - and suddenly every dollar you put into the futures market controls well over $300 worth of oil. We can put a price...
...While speculators affect the market in both directions, commercial participants tend to put upward pressure on prices. If airlines fully hedged themselves in the futures market, the price of oil would jump enormously. The futures market cannot support hedging for energy, let alone for other things; for example, investors might buy oil to hedge against losses in other investments, like stocks. With speculators out of the market, an airline's hedge would have an even bigger impact, further raising the global price...
...streets of Tehran were broken in the evening of July 9 when thousands marched through the central districts of the Iranian capital to protest the June 12 presidential election. Another anniversary helped precipitate the show of apparent defiance: the 10th anniversary of a bloody student uprising that was brutally put down by the government. Despite threats earlier in the day of a "crushing" response, men, women and even some children went onto the streets with chants of "Death to the dictator" and "Mousavi, Mousavi...