Word: returner
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...great investment in the sense that buying into Microsoft in 1986 or Google in 2004 has been a great investment. The price of gold in dollars has more than quadrupled since the end of the long gold bear market in April 2001, but over the long run the return has averaged about 2% a year, says George Milling-Stanley, managing director for government affairs at the World Gold Council in New York. (That compares with about 8% for stocks.) It's less a ticket to riches than what Milling-Stanley calls an "insurance policy." Many of the commodity investors...
...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...
Feoktistov stayed with the Soviet space program after his return to Earth, helping to design its later fleet of ships, including the elegant Mir space station. Like only a handful of other cosmonauts and astronauts, he lived to see a crater on the moon bear his name. And like too many of them--the Deke Slaytons and Gus Grissoms and Wally Schirras and others--he now passes into celestial memory...
David Von Drehle picked the right guy to top your 10 Best College Presidents list [Nov. 23]. As you disclose, Gee took a pay cut to return to Ohio State University, but not reported is that he earned more than $220,000 in bonuses this year--all of which he gave back for student scholarships. Gee leads academics by inspiration. Buckeyes and the nation can now cheer for an OSU academic team that impacts the world with innovation...
...appears to have peaked. According to the Centers for Disease Control and Prevention and other groups, new infections are declining in most states, though the virus continues to spread in Eastern Europe and Asia, as well as remote parts of the U.S. Experts also caution that H1N1 might return later this winter. The virus has killed at least 6,700 people worldwide since April...