Word: coppers
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Dates: during 2000-2009
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...Copper is trading above $1 a pound for the first time in more than six years. Gold broke $420 an ounce. Nickel is at a 14-year high. The Reuters/CRB commodity index rose 9% in 2003, to its highest level since 1996. Do soaring prices for raw materials mean inflation for finished goods, as in the '70s and '80s? "Almost certainly not," Ben Bernanke, a Federal Reserve Board governor, said recently. Sure, China's infrastructure and consumer-spending boom have bolstered demand for commodities. China purchased some 20% of the world's copper last year, compared with...
...Commerce--Economic Cycle Research Institute index, which began in 1949. How can individual investors profit from the rush? Analysts don't recommend esoteric futures and options, which are subject to vagaries like war and weather. A more prudent option, analysts say, is buying stock in companies that supply copper and tin, or an exchange-traded fund like the Materials Select Sector SPDR Trust, which rose 32% this year. --By Sean Gregory
...your information, universities in Russia are all called state universities. No one has $20 billion to fund a kindergarten like Harvard. Furthermore, if you think they are just copper bells you know nothing of metallurgy (the bells are bronze with a high silver content). Why else would the Communists have wanted to melt them down? Of course, I do not expect Harvard or the snot-nosed children spending their daddy’s fortune to understand the concept of cultural or national treasure. To Harvard, the bells are just Cold War souvenirs...
...experiment in miserable failure. But the group of Orthodox monks that stumbled its way from Moscow to Cambridge recently didn’t seem to have any plans as logical as establishing a dictatorship of the proletariat up their embroidered sleeves—they were trying to reclaim the copper bells that a kindly Harvard alum saved from Stalin’s icy clutches seventy years ago before giving them a nice home on the Charles. Let’s review: if the bells weren’t annoying Harvard students every Sunday at one with their incessant ringing, they?...
...course, that was before the monks kindly offered to foot the bill for returning the bells. With that obstacle removed, even the most possessive Harvard bell enthusiasts have had to consider the suddenly-serious option that St. Danil will get back his copper toys. And maybe they should. But frankly, all sacramental significance aside, one can’t help suspect that our bearded visitors would think twice about their mission if they actually got to hear them ring a few weekends...