Word: goldings
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...Mail deliveries, like hemlines, always drop in economic downturns. But the current pinch is worse than usual. One reason: the housing and financial sectors were once gold-star postal customers, but since their cash flows have slowed to a trickle, their direct-mail marketing campaigns have all but dried up. Mortgage direct mailings declined 57% from the first quarter of 2007 to the first quarter of 2008, according to the Chicago-based mail and advertising tracker Mintel Comperemedia. And credit card offers by mail sagged 28% from the third quarter of 2007 to the third quarter of 2008, dropping...
...trickier still is that not all attraction is equal. Some materials are drawn much more powerfully together than others - particularly on the nano (billionth of a meter) scale. And that difference can be exploited. In the Nature experiment, the research team began by placing a microscopically small sphere of gold on a glass surface. Gold and glass get along well enough and under the right circumstances will attract. But what they both like a whole lot more is a liquid called bromobenzene. When the researchers introduced a little bromobenzene to the other two materials, they both began drawing so much...
...from the 1920s, but in their day, they were quite the celebrities, even giving false names when traveling by ocean liner in order to dodge the press. These were the men who - in the wake of WW I and the economic destruction it wrought - returned the world to the gold standard, used interest rates to bolster the value of currencies and let stock speculation run rampant. In short, they helped lay the groundwork for the Great Depression. In Lords of Finance: The Bankers Who Broke the World, investment manager Liaquat Ahamed tells the story of these men - a tale with...
...central bankers of the time is that you read their letters to each other, and they really were very worried in a way; I don't think Greenspan was worried enough two years ago. But they had these intellectual blinders on and basically were so rigidly tied to the gold standard that they had almost given up almost all degrees of freedom. They didn't do anything but agonize...
...Africa - arguing that they hurt blacks more than whites. And while she earned the admiration and friendship of Mandela - in 1997 Mandela praised her "courage born of the yearning for freedom" and "hatred of oppression, injustice and inequity whether the victim be oneself or another" while awarding her a gold medal of honour - she did not flinch from criticizing his African National Congress (A.N.C.) once they won power. (See pictures of Mandela...