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On January 2, oil prices hit a milestone when a trader on the New York Mercantile Exchange bid $100 a barrel for crude oil futures. Since then, oil
has risen and fallen and risen again. The effect of such turbulence on
public confidence (as well as on prices at the pump) has prompted increased
interest in oil trading. And, perhaps because they are more photogenic than
numbers on a screen, the oil traders themselves, whose bizarre
gesticulations (known as "open outcry" trading) have become a metonym for
the market.

Some suggest that open outcry - trading via shouts and hand signals - is a
dying art, threatened by electronic systems. Yet Raymond Carbone, who trades
energy options on the New York exchange, is sanguine: "People have been
saying that these signals will only be around for another couple of years.
But they've been saying that for a decade." And, he notes, "I can signal a
trade faster than you can type it."

Here, Mr.Carbone demonstrates the hand signals he uses to make himself
understood in turbulent times.

Published 7 April, 2008, The New York Times
Click here for an interactive guide.
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A miscellany of hoaxes, rags, shams, spoofs, leg-pulls, flimflam, chicanery,
hoodwinkery, legerdemain, and "cruellest month" eyewash.

Published 1 April, 2008, The Times
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“It’s been nearly five years since 9/11, but it seems like a lifetime. Certainly, a lifetime’s worth of events for America and the world – elections and insurgencies, hurricanes and tsunamis, attacks and threats of attack – have unfolded with such speed that it can be hard to sort through, or even recall, everything of consequence. The chart below is an attempt, admittedly selective and incomplete, to survey the first five years of our post-9/11 world — a world that is certainly new, though not always brave.”

Published 7 September 2006, The New York Times ( link)
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