Friday, November 13, 2009

Globe, Gold, and Goo

Related: Boston Globe Glue

"Globe launches new electronic option" by Robert Gavin, Globe Staff | November 12, 2009

The Boston Globe is launching a new electronic version of the newspaper for which it will charge $4.98 a week, the company said yesterday.

I'm not paying twice. I guess I stop reading the Boston Globe and stop purchasing the newspaper.

Related: The Boston Globe Has Blocked Arteries

(Blog editor's note: I just got back from CVS and same old story with the Globe's on the rack: not a one moved and it was after noon)

The product, known as GlobeReader, resembles the look of the print edition while offering electronic features that make it easy to search and scan. It can be downloaded to desktops, laptops, and netbooks, and read offline or online.... GlobeReader features Globe content but is different from the paper’s website, Boston.com, which remains free.

They should be PAYING ME to read it!

Like other news organizations, the Globe continues to evaluate whether to charge for access to some or all of its website....

I will be here until they do, readers. Then I'll have to think of something else.

The new version will add comics, sports scores, weather, and the crossword puzzle....

No NEWS, huh?

Related: Slow Saturday Special: A Growing Globe

Oh, the SPORTS and OTHER CRAP COVERAGE is EXPANDING, huh?

So this is what the DEATH THROES of a ONCE-GREAT NEWSPAPER is like, huh?

The Globe is also offering a package in the Boston metropolitan area that includes daily access to the GlobeReader and home delivery of the Sunday print edition, also for $4.98 a week.

Who wants that fat piece of propaganda showing up on the front porch?!

Take it from me, it has RUINED many a SUNDAY!

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Sad, too, because newspapers used to be good as gold!


"Investors’ fervor making gold an ever more precious metal" by Dave Carpenter, Associated Press | November 12, 2009

Gold cracked the $1,000-an-ounce level for just the second time last month, and it’s making its first sustained $1,000-plus run since briefly eclipsing that mark a year-and-a-half ago.
Gold cracked the $1,000-an-ounce level for just the second time last month, and it’s making its first sustained $1,000-plus run since briefly eclipsing that mark a year-and-a-half ago. (Karl Mathis/ Keystone/ Associated Press/ File)

CHICAGO - The new gold rush is on.

The price of the precious metal is soaring, hitting a record $1,119 an ounce yesterday - confounding market analysts who thought there was no way gold would remain so expensive when it first cracked the unheard of $1,000 mark last year.

Yeah, I think I am going to STOP READING what the LYING "experts" say.

Same crew that says RECOVERY is UNDERWAY as the nation still sheds thousands of jobs!

The remarkable run has implications far beyond savvy investors. In New York’s diamond district, more people started showing up late last year to sell their gold, and the crush hasn’t let up, said Anthony Iannelli, owner of Iannelli Diamonds. “They’re bringing in jewelry from the ’70s and ’80s they don’t wear anymore,’’ he said. “They’re following the news and see prices are high. They realize they have a little cache, and want to take it out of the vault.’’

Yeah, NOT a GOOD SIGN in a HEALTHY ECONOMY or COUNTRY!

People are DESPERATE!!!

Typically, gold is a safe place for investors to park money, not something they buy to make money. It doesn’t earn interest, and because it’s always sought, its value tends to be fairly stable.

For example, when gold first reached $1,000 it was March 2008, shortly after the collapse of Bear Stearns. Investors bought it then because they feared for the financial system’s stability.

Investors this time are buying gold to protect themselves against the falling dollar.

Yeah, DON'T WORRY about that DYING DOLLAR, America!

Go back to sleep.

Currencies are weak investments because of record-low interest rates. Foreign banks that hold substantial amounts of US debt, such as China’s, want to diversify holdings. News earlier this month that India’s central bank bought nearly $7 billion worth of gold from the International Monetary Fund triggered a gold buying frenzy....

But the rising price of gold has put a dramatic dent in jewelry sales, already suffering from the recession. Far fewer customers are looking to buy gold jewelry because of the soaring price, said Ernest Perry’s antique and estate jewelry store in Charlotte, N.C.:

“I think it will just about kill the gold jewelry business.’’

That's one business we can do without.

And the PRICE is SOARING because YOUR DOLLAR is WORTH LESS, America!!!

For the most part, though, demand for gold is coming from investors and speculators, not from people who use it. Gold prices could fall when optimism about the economy takes hold again, as happened briefly the first time gold reached $1,000. If....

It is hard to forget what happened with oil prices, which shed more than half their value in less than a year after peaking at $147 a barrel in July 2008. No one knows when a seemingly unstoppable rally will end badly.

So WHY am I SEEING BUSINESS HORSE S*** day after day in the Globe?

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Related: Massachusetts' Economic Magic

Another obfuscation:

NEW YORK - Oil prices ticked higher yesterday.... despite indications that US crude supplies are growing.

How many times do I have to say it? Your DOLLAR is WORTH LESS, America!

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