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What do you make of the fact that bonds have rallied, a bet on deflation, while commodities have also rallied, a bet on inflation? There's still a lot of risk aversion among investors, which is why the bond market is so strong. In other words, if you are fearful of stocks, you're just going to stay in the fixed-income market. But we are in a low-yield environment now, so those same investors - individuals and investment managers - are reaching out for riskier assets to get more yield. That's why you see things like junk bonds rallying...
...original unknown soldier buried at Arlington in 1921 was among four who had previously been interred in France. Once the caskets were exhumed, Sergeant Edward F. Younger, a decorated officer, walked around them several times and arbitrarily chose one of the four by placing a handful of white roses upon its top. The coffin lies in a tomb adorned with the phrase, "Here rests in honored glory an American soldier known but to God." In subsequent wars - including World War II, Korea and Vietnam - a solitary unidentified soldier was selected to be honored with an Arlington burial. Other nations have...
...Once they're assigned," a senior Pentagon official says of DCIS officers, "they work for the task force, not us." FBI Director Robert Mueller has ordered a review of the bureau's knowledge of Hasan to determine whether "any policies or practices should change based on what we learn." Among other challenges will be figuring out how to distinguish real threats from provocative behavior and how to train agents to be confident enough to make that judgment. At this moment, there are hundreds of thousands of people on terrorist watch lists. "When you have that many people," says a senior...
...that strategy is under renewed scrutiny among gay activists, some of whom are calling for a more pointed and even confrontational approach. "While time may be on our side, if we leave these issues up to the voters to eventually change or overturn, there is no telling how much time it will take," says Chris Hartman, executive director of the Fairness Campaign in Louisville, Ky. Hartman's group has successfully pushed for a local ordinance giving gays there protection against discrimination at work and in housing, but so far has been unsuccessful in convincing lawmakers to allow gay marriage. "LGBT...
...report doesn't sugarcoat the future when it comes to climate change, saying the world faces a looming disaster if its leaders drag their feet in Copenhagen. Among the predictions likely to alarm the big energy consumers...