Word: oz.
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...often go up as interest rates go down. Reason: low interest rates make it more attractive to hold precious metals because money-market accounts and other such instruments are offering lower yields. Last week the metals continued to follow that pattern. The price of gold went up $31 an oz. to $433 while silver rose...
BORN. To Fernando Valenzuela, 21, Los Angeles Dodgers pitching marvel, and,Linda Valenzuela-Burgos, 21, a former schoolteacher: their first child, a son; in San Pedro, Calif. Name: Fernando Jr. Weight: 7 lbs. 14 oz...
BORN. To Larry Holmes, 32, world heavyweight boxing champion who calls himself "the world's baddest heavyweight," and Diane Holmes, 28: their fifth child, first son; in Easton, Pa. Name: Larry Jr. Weight: 7 lbs. 2 oz...
...list is very confusing," admits Octavio Muñoz Corral, president of the Juárez Chamber of Commerce, who is futilely struggling to persuade Americans to keep buying below the border. Indeed, the uncertainty has been the main factor keeping Americans from shopping for much of anything in Mexico. "The tourists are scared away," says Salesman Manuel Vasquez, surveying his empty marble-products shop in Juárez, which logically should be packed with Texans seeking more for their dollar. "Our business is off about 50%. Capitalism works. This type of stupid socialism doesn...
...also cause a wild new burst of inflation, since the U.S. Federal Reserve would have to pay for those loans with dollars, thereby dramatically increasing the money supply around the world. Greenspan argued that the recent run-up in the price of gold, which has jumped about $100 per oz. in the past four weeks to reach $441.50, is a result of fears that such an inflationary bailout of banks may be inevitable...