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...speculation in the gold market is nothing like speculation in other markets. Unlike oil, gold is not consumed, and even when it is used in products like jewelry, it is recoverable and thus maintains its value as the gold that went into it. In other words, the total supply of gold is increasing with gold mining...
...According to The Wall Street Journal, "Under the forthcoming rules, bonuses could come to no more than one-third of the total annual compensation paid to employees covered by the restrictions...
...After the firestorm over bonuses at AIG (AIG), all programs to keep total compensation for bankers high are going to get a government rebuke. The AIG incident has made it almost impossible for the Administration to allow any Wall St compensation that appears excessive to be used to retain bankers. (Read "Obama's Challenge: Containing the AIG Bonus Outrage...
Despite the discrepancy, Harvard still lags behind the University of Pennsylvania in the competition—which purchases enough RECs to account for nearly half of its total energy consumption—for the third year...
...China because of the greater freedom from censorship enjoyed online by writers and readers. Shanda Literature, which controls over 90% of China's online-reading market, rakes in an estimated revenue of 100 million yuan ($15 million) per year. Running three popular online-novel websites, Shanda boasts a total readership of 25 million and is growing at 10 million per year, according the company. "The Chinese people need a platform to express their creativity," said Hou Xiaoqiang, founding CEO of Shanda Literature. "I think our online-literature sites can partly cater to that need." (See pictures of China's electronic...