Sto. Tomas...then UP, now Ateneo...what's next?

The year of 2011 is the year of overhauls and overprints of the current Philippine notes. The most controversial of which, is the issue behind some landmarks of the country and the proper way of writing scientific names, the portrait of figures who were made to look younger, the unattractive and eye sore bright colors, and so on. Most controversial among the changes is the phrase placed on the face of the banknote itself aside from the confusion it brought to the public as they became unfamiliar with the association of the notes color with its face value. Bangko Sentral Ng Pilipinas (BSP) quickly withdrew the notes and instead of revising...

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Gold, Platinum Drop on Concern Recession May Lessen Demand on Metal

Gold futures fell on speculation a global recession will damp demand for precious metals and other raw materials. Platinum and silver also declined. Equities in Asia, Europe and the U.S. fell today. More than $28 trillion in value has been erased from global equity markets this year as banks have posted more than $920 billion in credit losses and writedowns. The Reuters/Jefferies CRB Index of 19 raw materials is down by almost a third this year. ``We're back to focusing on the recession,'' said Leonard Kaplan, the president of Prospector Asset Management in Evanston, Illinois. ``You're seeing a bear market in everything....

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Bullion Report: Gold Parties Instead Of Tupperware Parties

On a quiet, tree-lined street in this upscale Chicago suburb, a gaggle of women noshed and drank wine as they waited their turn to have their once-fashionable gold rope chains and unmatched earrings scrutinized under a magnification loupe, poked at by a gold tester and even put through an acid test. Say good-bye to Tupperware and hello to gold.This was a gold party, and some of the women walked away with wads of cash in exchange for what they considered junk, unlike other neighborhood parties where they write out checks for plastic salad spinners or skincare and cosmetics. Debbie Johnson was handed $1,600 after she turned in broken gold chains, earrings without pairs and the wedding bands from a marriage gone sour more than two decades ago. ...

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