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South African Rand

S.Africa's rand hits 30-mth low, bonds weaken

South Africa's rand tumbled to its weakest level since May 2009 against the dollar on Wednesday, with market players seeing further losses as investors dump risky assets on worries that euro zone leaders are not getting to grips with the debt crisis in their region.
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Homelessness

Hungry New Yorkers Increasing: Study

New York City Coalition Against Hunger said that 1.4 million New Yorkers do not have the necessary funds to feed themselves or their families, according to a study released on Tuesday.
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Inwood Suspects Pulled Gun on Cops

A police shootout in the Inwood section of Manhattan left two men injured on Tuesday night. None of the police officers involved were injured.
Moscow Restaurant

Celebrity restaurant fad takes hold in glossy Russia

Celebrity restaurants, long a fixture of New York and London, are now a confirmed Russian fad with the recent opening of a Moscow venue by a home-grown filmmaker raising the tally of eateries and bars backed by artists, actors, socialites.
Christine Quinn

Living Wage Bill Battle Divides New York City Council

On Tuesday, a City Council committee debated the proposed living wage bill, a controversial legislation that would require companies subsidized by the city to pay employees a minimum of $10 an hour with benefits or $11.50 without benefits.
The Bank of Korea, South Korea's central bank, for the second time this year, raised its holdings of gold in November as part of measures to diversify its portfolio of foreign exchange reserves. In a statement on Friday, the Bank of Korea said it purchase

Gold Rebounds Amid U.S., Eurozone Debt Crisis

Gold prices have recouped its losses as the failure of the U.S. congressional committee to reach a deal on reducing the budget deficit and the ongoing eurozone crisis brought back the bargain hunters.
Megyn Kelly

Fox News’ Megyn Kelly Petitioned to Eat Pepper Spray on TV

Fox News' Megyn Kelly on Monday told Bill O'Reilly that the pepper spray that was recently used on UC Davis protesters is essentially a food product. Since then, a petition has been posted on the Web site Change.org, asking Kelly to back up her claim by eating as much pepper spray as was used on each protester's face.

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