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...beholden to national politics. The downside is that its supply increases fitfully, with no regard for the state of the world economy. That's why John Maynard Keynes called the gold standard a "barbarous relic," and why you won't find anyone outside the goldbug fringe calling for a full return to the gold standard now. But a partial return, in which central banks hold gold as a hedge against financial turmoil (the Reserve Bank of India just bought $6.7 billion of the stuff from the International Monetary Fund) and gold begins to play a role in the pricing...
...full name was Jeanne-Claude Denat de Guillebon. The daughter of a French military officer stationed in Casablanca, she was born there on June 13, 1935. That also happens to be the birth date of the Bulgarian artist Christo, whom Jeanne-Claude met in Paris in 1958. At the time, Christo was already making enigmatic wrapped artworks out of things like packages and oil drums. It was a gesture rooted in the Surrealist insight that it was possible to make familiar objects unfamiliar--and by that token strangely fascinating. The two would soon marry and form a creative partnership...
Health care reform legislation cleared an important hurdle on Nov. 21, when the U.S. Senate voted to open full debate on a proposed 10-year, $848 billion overhaul of the industry. Democrats relied on a coalition of centrists and liberals to advance the measure with a filibuster-proof 60-to-39 vote; all the nays came from Republicans. Maintaining the fragile Democratic alliance could mean weeks of legislative haggling and debate: four key moderate Senators oppose the inclusion of a public-insurance option, which some colleagues on the left consider nonnegotiable. A final vote is probably a month or more...
...sent two proton beams bashing into each other for the very first time, bringing scientists one step closer to finding the hypothetical Higgs boson particle and unlocking the secrets of the universe's creation. If preliminary tests continue to go smoothly, the LHC will start running full-speed collisions in early...
...workers over what the P.N.G. nationals considered to be workplace apartheid: everything, from their food and toilets to salaries and dormitories, they alleged, was far inferior to those of the Chinese workers. "The Chinese think we are animals," says a welder named Nenge, who refuses to give me his full name lest he get fired from his job. "No days off, sometimes tinned fish for overtime pay, dirty latrines with a bad smell. How can they respect themselves after treating us so poorly...