stephen wright

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Salon’s ultimate book guide for 2013

Got gift certificates to spend? James McBride, Elizabeth Gilbert, Junot Diaz and many more have suggestions<p>Salon reached out to a bunch of writers who had new books out this year to find out what their favorite book of the year was. We saw a lot of books by big-name writers: Donna Tartt, Jonathan …

Gold Poised to Post Worst Year Since '82

Gold traded flat around $1,200 an ounce on Tuesday as activity slowed before Christmas, while signs of a steady U.S. economic recovery could deter investor interest as the metal heads for its biggest annual loss in 32 years.<p>U.S. economic data on Monday showed consumer spending rose in November at …

Three States In The US Are Contracting

The Philadelphia Fed has just released November data updating its monthly series of coincident indices for the 50 U.S. states.<p>The data, visualized in the map below, show that only three states are contracting: Alaska, Ohio, and Wyoming.<p>Here's what goes into the indices:<p>The coincident indexes …

Markets

Andreessen Horowitz On Why It's Betting On Drones, Bitcoin and 3D Printing

One of Silicon Valley’s best known venture capital firms, Andreessen Horowitz explains why it thinks drones, 3D printers, big data and Bitcoin will be even bigger in 2014, as well as why it’s never been easier to start a company.<p>Margit Wennmachers, a Partner at Andreessen Horowitz said the firm is …

The 50 Philanthropists Who Have Given Away The Most Money

When Centre College in Kentucky declared in July that it had received a $250 million donation from its former trustee chair, Houston entrepreneur Robert Brockman, via a trust created by his father, it garnered national headlines. As one of the largest-ever gifts to higher education, it would almost …

Cutoff in federal jobless aid looms Saturday

About 1.3 million jobless Americans are due to lose emergency benefits on Saturday when funds run out for a federal aid program.<p>Some 1.3 million Americans are set to lose their unemployment benefits Saturday, escalating a battle between proponents of smaller government and advocates for the jobless …

10-year Treasury closes at key 3% level

The 10-year Treasury note closed above the psychologically important 3% level Friday for the first time since July 2011 as investors price in a less-easy Federal Reserve and stronger economic growth.<p>NEW YORK — The 10-year U.S. government bond closed at the key 3.00% level on Friday for the first …

Economics

Gold Smuggling Spikes In India As Tax Meets Bridal Season

MUMBAI, India (AP) — With India's wedding season in full swing, the glass sales counters in Mumbai's famed Zhaveri gold bazaars are crowded with customers eyeing elaborate headpieces, nose rings and necklaces.<p>No one does jewelry quite like an Indian bride, who by tradition wears all the gold she …

Deeply

Ebay post-Christmas auction shines spotlight on unloved gifts

Sought-after iPad Airs appear immediately on auction site alongside DIY tools and unloved women's clothes but Lady Gaga album dominates rival resale site MusicMagpie • What to do with those unwanted Christmas gifts<p>Listings for tablet computers shot up 25% on auction site eBay on Christmas Day, …

10-Year Treasury Yields Top 3%, Hit 2-1/2 Year Highs

The yield on the benchmark 10-year Treasury bill vaulted above the 3% threshold on Friday, hitting the highest level in 2-1/2 years as investors move away from fixed income amid the improving economy and shifting Fed policy.<p>Market participants are closely watching the action in the bond market as …