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Why Today's Record High Gold Price Matters

The record high price set by gold Tuesday confirms, more dramatically than ever, that Wall Street's lack of confidence in paper assets extends even to companies that mine the world's most reliable store of value, gold.

Wall Street Slides; Gold Sets Record

Photo illustration shows one-tael gold cubes at a jewellery store in Hong Kong
Gold set a record high Tuesday and U.S. stocks fell on fresh concerns over weakness in Europe's biggest economy, doubt that European leaders will be able to solve its sovereign debt problems and the languishing U.S. economy.
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A boy watches through a window of an Amtrak train from Birmingham to Anniston

U.S. Infrastructure Woes: A Roadblock to Growth

Long famous for its top-notch highways and passion for cars, the United States is letting bridges rust as traffic chokes overburdened roads, threatening a pillar of its economic strength.
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Pastor Zachery Tims Found Dead in NY Hotel: Drugs Suspected

The death of Zachery Tims, Florida megachurch pastor and televangelist, has stirred controversies.While autopsy results returned inconclusive and no criminal activity has been suspected, a white powdery substance believed to be narcotics was found in his pocket.
Facebook Beats Apple as ‘Worst Dress’ in Silicon Valley, Zuckerberg MVP

Facebook Lawyers Prove Ceglia's Contract Was Fabricated: Court Filing

Paul Ceglia, the wood pellet salesman from New York claiming he was a founder of Facebook along with Mark Zuckerberg, filed a lawsuit against Zuckerberg in 2010, alleging that they have signed a contract in 2003 that entitled Ceglia to half the company. A court filing on Monday suggests that an authentic contract found embedded in electronic data on Mr. Ceglia's computer did not mention Facebook at all. All it had was a company called Street Fax that Mr. Ceglia reportedly owned.
Two children sit on a bench outside the New York Stock Exchange

Fitch Affirms U.S. at AAA, Outlook Stable

Fitch Ratings said on Tuesday it affirmed the United States' top-notch credit rating at AAA, giving the world's largest economy a reprieve after it was downgraded by Standard & Poor's little more than a week ago.
Vancouver Canucks' Rypien battles Chicago Blackhawks' Seabrook for the puck in the second period of their NHL game in Chicago

Winnipeg Center Rypien Found Dead at Home

Winnipeg Jets center Rick Rypien was found dead at his Alberta home on Monday, with the police telling local media there were no suspicious circumstances surrounding the 27-year-old's death.
Facebook founder and CEO Mark Zuckerberg

Facebook Finds no Facebook in Celgia Contract

Facebook says it has found the ?authentic contract? that seeks half ownership of Facebook, signed by Mark Zuckerberg and Paul Ceglia the New York man who sued Facebook in July 2010.
Verizon Strike

Verizon Strike Update: Scenes from the Picket Line (PHOTOS)

The strike of 45,000 Verizon land line employees continued onto its ninth day on Monday, as groups across the country picketed in front of Verizon stores. IBTimes was on the scene to capture a group of picketing Verizon workers in Lower Manhattan.
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G-Resources Delaying Indonesian Venture

G-Resources Group Ltd , backed by Mount Kellett Capital and BlackRock Inc , is delaying production of its $1 billion gold mine in Indonesia to the end of the first quarter next year due to adverse weather conditions and harder ground conditions than previously expected.
Rick Rypien

NHL Player Rick Rypien Found Dead

Winnipeg Jets centre forward Rick Rypien, who signed with the Jets just a month ago, was found dead at his Alberta home on Monday. Police did not find any suspicious circumstances in the National Hockey League (NHL) player.
U.S. President Obama speaks during a town hall-style event in Decorah

Obama Says Warren Buffett is Right About Taxes

Small-town Americans probably don't make as much money as Warren Buffett, but they pay more of their income in taxes, President Barack Obama said on Monday, citing the billionaire investor to argue that the government needs more revenues to balance the budget.
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Zachery Tims? Cause of Death Remains Unknown

Tims, 42, was found dead at the W Hotel in Times Square, New York City, on Friday. A housekeeper found him unresponsive on the floor of the hotel room and he was pronounced dead at the scene, CNN reported. Grace Brugess, spokeswoman for the New York Medical Examiner's Office, told CNN that more tests will be needed to determine a cause of death and that could take a few weeks.
GOP

Brickbats, Few Bouquets, Greet Lawmakers at Home

For weeks during the rancorous debate over the debt ceiling limit, Americans were treated to the widely televised spectacle of their lawmakers drubbing each other in a bruising partisan jousting match.

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