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Archive for August 25th, 2006

An undersea grave for WWII heroes

They were heroes in their day, submariners who showed Americans they could take the fight deep into enemy waters. But for sailor William E. Davison, his first patrol with the Navy's great undersea ace of World War II was also the last.
This summer, a dive team visited the resting place of Davison; his skipper, Cmdr. [...]

Friday, August 25th, 2006

Japan Faces a New Russia

The recent flare-up of a fishing row between Japan and Russia near by Sakhalin Island serves as a vivid reminder of how explosive the two countries' long-standing territorial disputes remain. It also reflects Russia's recent harder line on the World War II legacy.
Russia has accused three Japanese fishermen detained since a clash on Aug.16 of [...]

Friday, August 25th, 2006

Why high oil prices are good for gold

As a general rule when the price of crude oil rallies, the price of gold tends to follow suit. The link is straightforward. Gold is seen by some investors as the ultimate hedge against inflation. So as energy prices rise, industry and transport costs rise, inflation goes up and so does demand for gold bullion. [...]

Friday, August 25th, 2006

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