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Gold is unlikely ever to be a great investment in the sense that buying into Microsoft in 1986 or Google in 2004 has been a great investment. The price of gold in dollars has more than quadrupled since the end of the long gold bear market in April 2001, but over the long run the return has averaged about 2% a year, says George Milling-Stanley, managing director for government affairs at the World Gold Council in New York. (That compares with about 8% for stocks.) It's less a ticket to riches than what Milling-Stanley calls an "insurance...
...Moon,” but also the second season of the popular HBO television series “True Blood” and the premiere of the more PG-rated “Vampire Diaries” on the CW channel. Of course, these modern vampire hunks bear little resemblance to Count Dracula—there’s none of that cape-wearing, sleeping-in-a-coffin nonsense...
...before announcing more resources. "The timeline is diminishing. European support will last for a year, maybe two," says Greg Austin, vice president of program development and rapid response at the EastWest Institute. "But in the long term, it is not sustainable for the U.S. and its NATO allies to bear the burden. There has to be a more hard-nosed diplomacy to mobilize neighboring countries. Countries like India and Pakistan will be able to better provide police training in Afghanistan than Denmark." (See pictures of Afghanistan's dangerous Korengal Valley...
...course, this burden is not ours alone to bear. This is not just America's war. Since 9/11, al-Qaeda's safe havens have been the source of attacks against London and Amman and Bali. The people and governments of both Afghanistan and Pakistan are endangered. And the stakes are even higher within a nuclear-armed Pakistan, because we know that al-Qaeda and other extremists seek nuclear weapons, and we have every reason to believe that they would use them...
...autumn of 1987 made him, for a time, one of the most influential Wall Street gurus. After the market started its 1990s bull run, though, Prechter seemed to lose his touch. In 1995 his book At the Crest of the Tidal Wave predicted the onset of a "great bear market." The bear arrived, but not for five years. In 2002's Conquer the Crash he predicted the onset of a "deflationary depression." Again, he was years early. (See 10 big recession surprises...