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Gold: The Once and Future Money

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For most of the last three millennia, the world's commercial centers have used one or another variant of a gold standard. It should be one of the best understood of human institutions, but it's not. It's one of the worst understood, by both its advocates and detractors. Though it has been spurned by governments many times, this has never been due to a fault of gold to serve its duty, but because governments had other plans for their currencies beyond maintaining their stability. And so,...
A man leans against a wall to read his newspaper before entering the subway in Grand Central Station in New York

Manhattan loses jobs as outer boroughs grow: study

Manhattan lost nearly 110,000 jobs from 2000 to 2009 while its outer boroughs were gaining jobs, thanks to the growth of two sectors, education and healthcare, a think tank's report said on Wednesday.
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Gold near $1,400/oz, supported by Mideast unrest

Gold held near $1,400 an ounce in Europe on Friday, supported by interest in the metal as a haven from risk as violence flared in Libya, but struggled to maintain traction as some investors cashed in this week's hefty gains.
A man burns a picture of Libyan leader Muammar Gaddafi during a demonstration near the Libyan consulate in Paris

UN, NATO meeting on Libya crisis; sanctions, war crime probes considered

Amidst reports of thousands of deaths in Libya as a result of a brutal crackdown against protesters, the United Nations (UN) Human Rights Council is meeting in a special session in Geneva, Switzerland today to discuss possible sanctions against Moammar Gaddafi’s embattled government.

Boeing awarded $35-bln contract by USAF to build fueling tankers

The U.S. Air Force has awarded a $35-billion contract to Boeing Co. to (NYSE: BA) build a fleet of aerial fueling tankers in favor of its rival EADS (European Aeronautic Defense and Space Co.) ending a three-year epic battle, according to a report in The New York Times, quoting politicians and industry executives.
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Which Commodities Are Speculators Buying?

It’s no secret that speculators are buying up long contracts of commodities futures. However, the crowding of speculators in into one trade (in this case, long all kinds of commodities) usually spells an imminent reversal, especially if commercial users are on the other side of their trades.
LinkedIn site disrupted in protest-wary China

LinkedIn site disrupted in protest-wary China

Access to the networking site LinkedIn was disrupted in China on Thursday, following online calls on other sites for gatherings inspired by protests against authoritarian regimes across the Middle East.
Malikah Shabazz and her sisters appear together outside Jacobi Medical Center in New York City shortly after the death of their mother Dr. Betty Shabazz on June 23, 1997

Twin daughter of Malcolm X denied bail in identity theft case

Malikah Shabazz, one of the children of slain civil rights leader Malcolm X, has been denied bail by a North Carolina court in connection with grand larceny, forgery and identity theft and could face trial in New York City where warrants have been issued against her.

Jobless claims fell last week

Initial jobless claims applications dropped to 391,000 for the week ended February 19, down from 413,000 in the previous week, according to the Labor Department, a sign that the labor market is finally showing some signs of strength,

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