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Gold Resumes Long-Term Uptrend
The shiny metal has rallied 30% since November and could be setting up for another run at $1,000 and beyond.
Forbes

wednesday update
SHORT TERM: market rally extends on quot;badquot; bank proposal, DOW 201 Shortly...
Mr. Swing

IMSA: John Hancock Life & Health Insurance Company Achieves National Ethics Recognition
BETHESDA, MD (MARKET WIRE) John Hancock Life & health Insurance Company has attained qualification in the Insurance Marketplace Standards Association (IMSA), the leading independent standards-setting and compliance solutions organization for the life insurance, annuity and long-term care insurance marketplace.
Marketwire.com

Mickey Rourke won`t rumble with WWE superstar
A spokeswoman for actor Mickey Rourke says he won't be taking his role as a professional wrestler into a real-life ring after all. Paula Woods told The Associated Press on Wednesday night that Rourke will not wrestle WWE superstar Chris Jericho at...
San Francisco Chronicle

Southwest Airlines Navigates Near-Term Turbulence (LUV, AMR, UAUA)
This is one of the best operators in the industry, but its longer-term outlook is less secure.
Investopedia.com

Global News Item: Employment conditions and collective bargaining to be modified
The Australian government has introduced into Parliament a Fair Work Bill that aims to provide a framework for good workplace relations and guarantees a set of minimum terms and conditions of work. Additionally, the Bill creates a new agency, Fair Work Australia (FWA), which will replace existing government bodies. Among the FWA?s duties will be: overseeing the collective bargaining process, approving enterprise agreements, adjusting minimum wages and handling unfair dismissal claims and workplace disputes. [AUSTRALIA]
Watson Wyatt

Citi grounded
After US politicians raised a stink over Citigroups plans to spend $50 million to buy an executive jet, the bank has cancelled its plans. Reuters quotes a person familiar with the deal to say the jet in question was a Dassault Falcon 7X. The bank has been quoted as saying that it will have to pay millions in terms of penalties for cancelling a deal it had entered into way back in 2005 presumably this is less costly than the possibility of turning Congress against it, especially since the bank could just need to go there again for another bailout. Corporate jets are a big thing with Congress when the chiefs of Big Auto firms came to Washington to plead for a bailout, the fact that they flew in on separate corporate jets had become a big issue as well.
Business Standard

What Don`t We Know About Life In A Recession?
We know you're doing your best to keep your job, or looking hard for a new one. We know some are going back to school, and we know everybody's scrimping. But what don't we know? Tell us what you, your friends, family, co-workers and communities are doing now that's new.
NPR

Failed asylum seekers `dumped and forgotten` in detention centres, says report
Hundreds of failed asylum seekers and foreign ex-offenders are being held in detention centres for indefinite periods because political sensitivity means the Home Office cannot remove or release them, according to a report.In one case highlighted by the study, which is due to be published tomorrow, a detainee was held for eight years before finally being deported.Keeping detainees in limbo is wasting millions of pounds of taxpayers' money, said Jerome Phelps, director of the London Detainee Support Group (LDSG), which provides support to those held in British immigration centres.Phelps said people who could not be deported were being 'dumped and forgotten'. The practice had a huge psychological impact on detainees, with significant numbers developing mental health problems, self-harming and attempting suicide, he said.Of 188 long-term detainees studied by the LDSG over a period of 20 months, only 18% were deported. A quarter were eventually released and 57% remained in detention.The gr
The Guardian

100 Corporations That Will Survive 100 Years
Investing for the long term? These companies--the year's Global 100--are sustainable enough to be around longer than you will be.
Forbes

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