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...market since May, after a decisive general-election victory by India's Congress Party boosted investors' hopes that the ruling coalition government would have the votes to push through key financial sector reforms and privatization. From May through Sept. 9, the Bombay Stock Exchange's benchmark Sensex index rose 42%, bouncing back from a 52% decline in 2008. As stocks revived, so did India's moribund IPO market. Since May, eight companies have raised about $2.5 billion in initial offerings; there was just one IPO in the first five months of 2009, according to Indian capital-markets tracker Prime Database...
...9/11, which was officially designated by Congress this year as an annually observed National Day of Service and Remembrance. ServiceNation and MyGoodDeed have long worked to establish 9/11 not only as a day of remembrance but also as a forward-looking day that honors all the people who rose in service in response to the tragic events...
...only we had known that Mr. Kane rose to prominence in Yale's registrar's office by spearheading its transition to the then-unknown "interweb," we would have been able to predict the inevitable disappearance of the Tolstoy-sized course catalog that we've enjoyed for so long. Kane piloted a move to online course selection at Yale before doing the same at Harvard...
...price of gold? Adam says demand. And that's a good thing. As the credit crisis and global recession eases, more and more consumers, and industrial users like electronics manufacturers, are buying gold again. According to World Gold Council, demand for gold, while down from a year ago, rose 19% in the second quarter vs. the first three months of the year. Indeed, gold prices might be rising in anticipation of the normal holiday buying season...
...gold is not alone. A number of commodities are up. The price of silver, which has many more industrial uses than gold, rose 40% this year vs. just 15% for gold. Copper prices have nearly doubled. Indeed, the broad rise in commodity prices that are occurring now is usually an indication of a resurgence in the economy, not trouble ahead...