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Just as in the case of crude oil, supply and demand do not paint the full picture. As of Aug. 24, the U.S. Natural Gas Fund, an exchange-traded fund listed as UNG on the NYSE, held about 10% of the contracts in the October 2009 futures market traded on NYMEX. Combine that position with its over-the-counter swap holdings, and UNG held the equivalent of more than 50% of the October contract's open interest. In following its plan to buy and hold natural gas, UNG keeps rolling its position into the next futures month. In other words...
...while he failed to win the office his brother had once held, Kennedy carved out for himself a niche as one of the senate’s most powerful legislators...
...civil rights victories included successfully fighting to protect the Voting Rights Act, increasing the minimum wage in the 1990s, and passing the Americans with Disabilities Act in 1990, a bill that held personal significance due to his older sister Rosemary's mental disability...
...been gapping up. His daughter Vanessa is getting married in October, and he has thrown himself rather dramatically into wedding-planning, in part because his ex-wife Julia Thorne, Vanessa's mother, died of cancer in 2006. (Walking back to his office from the Senate floor recently, Kerry held forth at length about the coming nuptials and his hopes of persuading his daughter to do a Red Sox bridal-party outing.) Kerry isn't utterly changed, of course. He retains the sometimes aloof bearing that made him a hard sell to some voters in 2004. He still likes to slip...
...with fine wine in France or Italy, the trick is to buy at source. If you're in the country from August to October, head for the Cape Winemakers Guild auction, www.capewinemakersguild.com, to be held this year on Oct. 3. Or try the Soweto Wine Festival, www.sowetowinefestival.co.za, on Sept. 4-5. If you're overseas, contact an exporter like Wine Cellar, www.winecellar.co.za, or Caroline's Fine Wine Cellar, carolineswine.com. Both assemble tailor-made consignments and ship to your door. The word this year is that the sauvignon blancs, always good, may be great enough to reconquer Europe all over again...