Word: trustfulness
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There is no question that gold's price run-up is purely speculative. Since the beginning of 2009, the number of outstanding shares in the SPDR Gold Trust (NYSE: GLD), the most popular exchange-traded gold fund, has climbed about 33%. Demand for gold has increased significantly...
Traditionally, gold has been a store of value when citizens do not trust their government politically or economically. In Asia, ordinary people -not investors by any means - historically have held tremendous amounts of gold in jewelry. Now that same concept has extended to more-sophisticated investors, who hold gold not in jewelry but in bars and derivative contracts...
...luminaries in the American conservative tradition. His father, Irving Kristol, chartered the school of thought known as “neoconservatism,” and he studied for his doctorate under Harvey C. Mansfield, Jr., ’53, conservativism’s elder statesman and principal brain trust. Despite these credentials, Mr. Kristol’s short run on the Times’s editorial page had yielded little more than uninspired boilerplate. With Mr. Douthat taking his stead, the Times will now feature a conservative whose intellectual vintage is much younger but who has already earned a reputation...
...study proclaims. Websites like Global Post now allow individual journalists to become independent contractors, "in much the way photographers have operated for years at magazines." But the demise of an institutional framework to ensure quality and reliability would mean that consumers themselves would have to decide which journalists to trust. And already, there are growing doubts about "whether the generation in charge has the vision and the boldness to reinvent the industry ... [And] it is unclear, say some, who the innovative leaders are, and a good many well-known figures have left the business." A special report on "citizen journalists...
...every bank to survive; it needs most. Right now, we need to know which ones. By propping up financial institutions that are subject to unknown potential losses, the government is prolonging the uncertainty about whether they will fail. This perpetuates the crisis of confidence in which banks do not trust one another enough to loan money...