"Gold rose to a record above $1,880 an ounce in New York, poised for the longest run of weekly gains since April 2007, as escalating concern that the global economy is slowing drove equities lower. The metal is set for a seventh weekly advance as worse- than-expected U.S. economic data and Europe’s debt crisis boost speculation that growth will falter. The MSCI All-Country World Index of equities fell as much as 1.7 percent, heading for the fourth straight weekly drop, after Morgan Stanley cut forecasts for global growth. 'Lack of confidence in the global economy is pushing people towards gold,' Tom Pawlicki, a Chicago-based analyst at MF Global Holdings Ltd., said in a telephone interview. 'Gold will continue to advance unless leaders are able to resolve the European or U.S. debt crisis.'" (BusinessWeek)
"HBO has always been innovative. It was the first cable channel to specialise in films—the initials stand for 'Home Box Office'—and the first channel to be delivered via satellite. In 1991 HBO pioneered 'multiplexing', a way of distributing multiple channels without using more bandwidth. The offering for which HBO is now mostly known—original series—developed slowly. In the late 1980s it carried a gleefully unpleasant show called 'Tales from the Crypt'. In 1992 it launched 'The Larry Sanders Show', a dyspeptic comedy about a talk-show host. Its first hour-long drama, 'Oz', began in 1997. By the early 2000s it had 'The Sopranos', 'Sex and the City' and 'The Wire' as well as ambitious mini-series like 'Band of Brothers'. In the process it garnered a prodigious number of Emmy nominations, the television Oscars—104 this year, far more than anyone else. It also makes money, turning over $4 billion in 2010, estimates SNL Kagan, a research outfit." (TheEconomist)
"During his maiden week on the hustings, when he knew every word would be carefully tracked, Perry declared that global warming is a hoax perpetrated by scientists greedy for grant money. This earned him a rare Four Pinocchios from The Washington Post’s “Fact Checker” column, which in PerryWorld is, of course, merely proof about how right he is. Nearly every day has brought forth a new gem. On Thursday, he told a New Hampshire school-age child that he’s “not sure anybody actually knows completely and absolutely” how old the Earth is. He preceded these with a remark about Barack Obama not being respected by the military. And, of course, there was the infamous statement that Ben Bernanke would be committing 'treason' by priming the economy. Not bad—nail the black guy and the Jew in your very first week on the trail!" (TheDailyBeast)
"The Knickerbockers were wealthy but careful, generally, with their money. The men often did not have "jobs" but managed their assets as a part of their lifestyle. They lived the life of a 'gentleman.' They involved themselves in civic, rather than political activity such as charities. They created and belonged to clubs, engaged in athletic pursuits. Many of them engaged in carnal pursuits also, although very discreetly. Discretion was accomplished by general agreement. Men shared their secrets and the women would be shielded from them. The time provided for discretion with a variety of whorehouses placed discreetly yet obviously within a short drive's distance (often in Murray Hill – JP Morgan hired Horace Trumbauer to design an elegant townhouse for his mistress just around the corner from his own house on Madison Avenue, on the Murray Hill side of Park Avenue). The wives managed their houses and their families and engaged in planning social activities. They were the messengers of decorum, in the name of their husbands (wherever they might be). This was not in any way a desirable world for any women by today's standards, even the very rich. All women were virtual prisoners of these social mores, pretending an image of the united and happy hearth, almost virgins except for their pregnancies. The men, bored with, or uninterested in their wives, were free and had the money to pursue carnal pleasure, and even romance, elsewhere. It was a world where young women were still not allowed to be alone with young men. This was a pretense imitating British aristocracy." (NYSocialDiary)
"August, at a friend’s house for the weekend in Water Mill. I came to participate in the East Hampton Library fund raiser. What I love about the Hamptons is the sound of the crickets at night, hearing the whistle of the train in the distance, the smells of cut lawn and sweet flower-scented air. The library event was spectacular. Bigger than ever, the tent was bulging. I had planned to walk around and meet the authors but that never happened. I was selling books and chatting with people. And soon, of course, I got competitive and needed to sell more books than the authors seated on either side of me. To my right was a gaunt man with a book about an accident, human error, lives were lost, yawn. Along for the ride was his wife, obviously the eater in the family, who insisted on wedging her way in between us, which was impossible so I had to growl at her. To restore her equilibrium she tore into plate after plate of boiled shrimp which was pretty disgusting. To my left an angelic lady with a book about an art theft told from the point of view of a dog. I figured I would probably win my secret competition. Besides, I was armed. I did this event last year so I knew to come prepared. I had extra books to foist on anyone with the least bit of clout who could advance my career (or improve my mood). I had business cards and spread them in a tidy fan on my bit of table. Most importantly I brought a cut crystal bowl that I filled with tiny silver wrapped chocolates. I was going to get people to visit my bit of table one way or the other. 'Chocolate or literature?' I asked those sauntering by. My pile of books began to dwindle." (Christina Oxenberg)
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