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Aug 26, 2012

ICE Futures U.S.: Weekly Analysis of US Equity and Currency Markets.



Nick McDonald of Trade With Precision presents a concise technical analysis of these markets for the week ahead, using the Russell 2000® index and the ICE US Dollar Index® as pivotal focuses.

View the video market commentaries »

The Purpose of Market Intervention By Alasdair Macleod | GATA | THE GATA DISPATCH Sunday, 26, 2012

Alasdair Macleod: The purpose of market intervention

6:26p ET Sunday, August 26, 2012
Dear Friend of GATA and Gold:
GoldMoney research director Alasdair Macleod explains today why big business loves government intervention in the economy: It's a source of subsidy and price fixing and thus is anti-market and anti-consumer. Macleod's commentary is headlined "The Purpose of Market Intervention" and it's posted at GoldMoney here:

http://www.goldmoney.com/gold-research/alasdair-macleod/the-purpose-of-m...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

NYT GLOBAL UPDATE - August 26, 2012 - : Mass Burials Held in Damascus Suburb Amid Army Crackdown.

The New York Times International Herald Tribune
August 26, 2012

Global Update


TOP NEWS

Mass Burials Held in Damascus Suburb Amid Army Crackdown

By an EMPLOYEE of THE NEW YORK TIMES in SYRIA and DAMIEN CAVE
With more than 200 bodies found over the weekend, the assault in Daraya, a suburb of Damascus has begun to look like one of the deadliest and focused short-term raids of the uprising.

U.S. Foreign Arms Sales Reach $66.3 Billion in 2011

By THOM SHANKER
The huge number, triple that of 2010, was largely driven by sales to Persian Gulf nations looking to shore up their defenses against Iran.

German Central Banker Sees Danger in Euro Rescue Plan

By JACK EWING
Jens Weidmann, the president of the Bundesbank, said he was firmly opposed to government bond purchases by the European Central Bank.
N.Y. / Region

Video: Calling All Refugee Kids

The Refugee Youth Summer Academy in Manhattan helps immigrant children and their families find their footing in the United States.
Opinion

Op-Ed Contributor

Rip Lance Time

By SAMUEL ABT
A reporter who knew Lance Armstrong well recalls their meetings, and the fallen champion's fearsome stare.
WORLD

Ragtag Revolts in Parts of Afghanistan Repel Taliban

By ALISSA J. RUBIN and MATTHEW ROSENBERG
While distrusting the government, many villagers have also come to loathe the Taliban for their dictatorial cruelty and are fighting back.

Storm Adds to Misery in Haiti's Homeless Camps

By RANDAL C. ARCHIBOLD
Tropical Storm Isaac delivered strong winds and rain on Saturday, which caused flooding, mudslides and several deaths, according to preliminary reports, but not the kind of destruction feared.

At Least 39 Killed in Blast at Refinery in Venezuela

By WILLIAM NEUMAN
Balls of fire rose over the Amuay refinery, one of the largest in the world, in video posted online. At least 53 were wounded in the explosion, which was blamed on a gas leak.
BUSINESS

Spain Expects to Use €60 Billion of Rescue Funds

By RAPHAEL MINDER
Spain expects to use about €60 billion of the €100 billion of banking rescue financing offered by European finance ministers in June, Economy Minister Luis de Guindos said.
News Analysis

Apple-Samsung Case Shows Smartphone as Legal Magnet

By STEVE LOHR
The smartphone patent wars are unusually complex, and the courts, rather than the patent office, are pushing companies toward a truce. In the end, consumers may be the losers.

French Leader Hails Greeks for 'Painful Efforts' in Crisis

By STEVEN ERLANGER
President François Hollande of France expressed his commitment Saturday to keep Greece in the euro zone, but he urged its new prime minister, Antonis Samaras, to go all out to solve the economic crisis.
TECHNOLOGY

Activist Challenges a Sweeping Revision in Patent Law

By STEVE LOHR
An inventor named Mark Stadnyk is suing the United States government, aiming to head off a patent law that he says will favor big companies and hurt lone inventors like himself.

Jury Awards $1 Billion to Apple in Samsung Patent Case

By NICK WINGFIELD
The jury found that Samsung infringed upon a series of Apple patents on mobile devices, in a closely watched court case that could have broad implications for the industry.

A Verdict That Alters an Industry

By BRIAN X. CHEN and LISA ALCALAY KLUG
Companies that make smartphones will have to be cautious in how they design products to avoid being accused of imitating Apple.
SPORTS

The Gift of Roddick

By HARVEY ARATON
A decade has passed since Andy Roddick burst on the scene, all serve and American swagger, in stark contrast to Roger Federer. He will turn 30 on Thursday.

Bitter Pill for Australia Coach

By EMMA STONEY
Robbie Deans led Australia to its 14th loss in 17 matches against New Zealand, raising questions about whether he will last through the Rugby Championship.

Spirit, and Goals, Fly at Chelsea

By ROB HUGHES
With Eden Hazard putting his stamp on Chelsea and Fernando Torres rejuvenated, the club looks like a different beast,
U.S. NEWS

Young and Alone, Facing Court and Deportation

By JULIA PRESTON
An unexpected surge of children, some of them barely school age, have been caught by border agents as they tried to cross illegally into the United States.

Genes Now Tell Doctors Secrets They Can't Utter

By GINA KOLATA
Much genetic research is predicated on study subjects being anonymous, but increasingly researchers are discovering things these subjects, or their relatives, might need or like to know.

Border Cities Are Burdened With Calls for Help

By IAN LOVETT
From San Diego to Brownsville, Tex., requests for assistance have become a drain on the resources of fire departments in cities on the United States border with Mexico.
OPINION
Opinion

Where the Mob Keeps Its Money

By ROBERTO SAVIANO
Organized crime must be hit in its economic engine, which often remains untouched.
Op-Ed Columnist

Big Chem, Big Harm?

By NICHOLAS D. KRISTOF
Chemicals in everything from canned food to A.T.M. receipts could affect you, your children and your children's children.
Op-Ed Columnist

I Made the Robot Do It

By THOMAS L. FRIEDMAN
A coming revolution in innovation and robotics may eliminate bad jobs and create good ones.

GATA | THE GATA DISPATCHES:Sunday, GATA August 26, 2012 Summary of Selected Articles

GATA | THE GATA DISPATCHES Sunday, August 26 2012 Selected Releases




Libertarian legion stands ready to accept torch from Ron Paul


By John Harwood
The New York Times
Sunday, August 26, 2012
http://www.nytimes.com/2012/08/26/us/politics/ron-paul-passing-torch-to-...
TAMPA, Florida -- The future of what Ron Paul started rests with supporters like Ashley Ryan, who will attend Mr. Paul's final presidential campaign rally here with decidedly mixed feelings.
Ms. Ryan, a 21-year-old college student, will take over as Maine's national committeewoman after sitting as a Paul delegate at this week's Republican National Convention. But in a credentials dispute, hard-bargaining party leaders left Paul forces with only half the Maine delegates they thought they had won this year -- a blunt reminder of Mitt Romney's grip on the proceedings.
"It was a huge slap in the face," Ms. Ryan said. Though her unseated Maine colleagues can attend with guest passes furnished by the Iowa delegation, she said, "I was very disappointed."

Yet Mr. Paul's supporters can celebrate achievements that an earlier generation of libertarians never tasted. Despite Tropical Storm Isaac, Mr. Paul is still scheduled to stage a valedictory rally on Sunday before an estimated 10,000 supporters at the University of South Florida's Sun Dome. Its speakers, including Ms. Ryan, were planning to send the Republican Party a message about their commitment to grow in influence as the 77-year-old Mr. Paul moves on.

The libertarian movement has always boasted intellectual champions. But it has gotten something new from Mr. Paul, the iconoclastic veteran House member from Texas, whose small-government, low-tax, noninterventionist views found new attention in the Tea Party era and served as the focus of a determined grass-roots effort to shake up the Republican establishment.

Over three separate presidential bids, Mr. Paul has given libertarians a leader from the world of electoral politics, a beachhead within the party and a passionate if disparate army of activists. The onetime obstetrician has even bequeathed the movement a successor: his son, Senator Rand Paul of Kentucky.
"We used to say most people found libertarianism by reading Ayn Rand," said David Boaz of the Cato Institute, a libertarian research organization in Washington. "In the last five years, most people have found libertarianism by listening to Ron Paul."

Brian Doherty, an editor at Reason magazine and a historian of the libertarian tradition, goes so far as to call the Texas Republican "a miracle." Before Mr. Paul, the movement found many admirable traits in political figures like Barry M. Goldwater and Ronald Reagan -- but also big disappointments.

Even now, backers like Ms. Ryan see the Paul campaign ending in a fizzle rather than a bang at the convention. In addition to disappointments over delegates, Mr. Paul, who finished second to Mr. Romney in New Hampshire's signature primary, will not get to address the party convention.

That reflects both sides of the movements new circumstances. To enhance its long-term viability among Republicans, Paul campaign leaders decided to cooperate with Romney forces for a smooth convention, while eschewing compromises that would have alienated core supporters even more.
Mr. Paul, in an interview, said convention planners had offered him an opportunity to speak under two conditions: that he deliver remarks vetted by the Romney campaign, and that he give a full-fledged endorsement of Mr. Romney. He declined.

"It wouldn't be my speech," Mr. Paul said. "That would undo everything I've done in the last 30 years. I don't fully endorse him for president."

Mr. Paul's campaign chairman, Jesse Benton, acknowledged the frustrations that the Paul high command had been forced to manage.

Some true believers want to "dress in black, stand on a hill and say, 'Smash the state,'" said Mr. Benton, who is married to one of Mr. Paul's granddaughters. But "it's not our desire to have floor demonstrations. That would cost us a lot more than it would get us."

Just eight years ago, "it was fringy people in the John Birch Society" who were espousing Mr. Paul's ideas for taking on the Federal Reserve system, Mr. Benton said. "Now it's the Republican Party" that has drafted a platform plank calling for auditing the central bank.

The purity of the movement's principles has long left it in self-imposed isolation. The minimalist role it envisions for government repels a vast majority of Democrats; its noninterventionist foreign policy and live-and-let-live social views repel most Republicans.
The Pew Research Center's most recent study of groups within the electorate, conducted last year, categorized 10 percent of registered voters as libertarians. But even that relatively small group, said the center's president, Andrew Kohut, held more moderate views on the role of government and foreign affairs than Mr. Paul.

Still, Mr. Paul has managed to expand the movement's ranks. The two million votes he received in this year's Republican nominating contests were nearly five times the number he received as the Libertarian Party's presidential nominee in 1988.

He largely credits fortunate timing. The 2008 financial crisis and growing fatigue with the wars in Afghanistan and Iraq made some voters more receptive to his message on monetary and military policies.
"There's a lot of luck in politics," he said.
Simple generational change could give the movement a boost in elections to come. Younger voters of all stripes display increasing tolerance on social issues like same-sex marriage; the fiscal conservatives among them will fit into the libertarian camp far more easily than older, conservative Christian Republicans.
In New Hampshire, for instance, Mr. Paul drew half his votes from people under 45. Three-fourths of Mr. Romney's votes came from people 45 and older.

Mr. Doherty, the author of a history of libertarianism called "Radicals for Capitalism," credited Mr. Paul with "normalizing" a movement once derided as kooky. But he said the movement must remain aggressive to grow more rapidly and avoid being taken for granted the way, in his view, Republicans have taken for granted the religious right.

"It can't be growth just by age attrition," he said. "The young people have to start connecting with the older people."

A further challenge is expanding the movement's support among women, who tend to express higher support for activist government than men do. The most promising avenue, Mr. Benton said, may be the antiwar stance that Mr. Paul has articulated.
Balancing pragmatism and principle could prove tricky for Rand Paul, who Mr. Boaz said "sees himself as a potential presidential nominee."

Senator Paul has shown a greater commitment than his father to operating within Republican Party institutions. The foremost recent example: in June, he gave Mr. Romney the endorsement that his father would not. "There were a lot of people who were upset" at the endorsement, said Ms. Ryan, the Maine delegate. "Rand's going to have a lot of work ahead of him to secure his base if he wants to be the next liberty candidate."


Peter Brimelow: Is gold heading to $4,500?


By Peter Brimelow
MarketWatch.com
Thursday, August 23, 2012

http://www.marketwatch.com/story/is-gold-heading-to-4500-2012-08-23

NEW YORK -- Gold makes its move. The bugs are rampant.
The yellow metal made life very difficult for commentators trying to keep a regular schedule on Wednesday.
MarketWatch's Claudia Assis can hardly have hit the send button on her story headed "Gold ends lower as other metals gain," which dealt with the close of floor trading -- the December gold contract was down $2.40 -- when the Fed minutes set the market roaring.
By the stock market close, gold had risen over $17 to stand 1% above Tuesday's stock market closing level and at the highest since early May.
  Gold shares too came surging out of negative territory to finish with strong gains. The NYSE Arca Gold Bigs Index (HUI) closed up 2.21%, the highest since June 19 and up 17.2% since the recent low on July 24.
This late development followed a strong day on Tuesday, which saw a floor close in the CME December contract of up $19.90 (1.23%) and a 1.69% gain in the HUI.
This was enough to stimulate exuberant commentary by the Aden Forecast's GCRU service, published early Wednesday morning: "And. they're off! The markets have taken off. The train has left the station, and another leg up in the bull market is getting started."
"Whether it be gold shares on their own, compared to gold, versus bonds or versus the stock market, gold shares are rising from the dead."
GCRU had a particularly kind world for silver: "Silver broke above its 75-day [moving average] for the first time in four months, showing impressive strength! Silver's rise is the strongest it's been since the rise earlier this year."
GCRU's prognostication: "Silver must break above $30 to confirm strength that could push it to the February highs near $37."
The silver situation is exciting particular interest. Letter editors have noted that the metal had been achieving technical objectives earlier than gold during this move.
Furthermore, according to Bill Murphy at the LeMetropoleCafe website, rumors of large silver purchases in London have been followed by stories of delivery problems being experienced by London Bullion Market Association members.
Stories of this type, unfounded or not, could have an explosive effect on the thin silver market.
The gold action caught the attention of market veteran Richard (Dow Theory Letters) Russell.
Using a point-and-figure chart with a 2:30 p.m. Eastern Time cutoff, he noted: "Gold may finally be on its way to higher levels. Gold has risen to fill the $1,640 box, which is constructive. The next bullish action would be a rally to the $1,650 box. This would take gold clear out and above its consolidation base, and would put it in line to try for $1,680." (By 4 p.m., gold had cleared $1,650).
Russell concluded his Wednesday evening note: "If gold takes off, the gold miners will look dirt cheap."
The Got Gold Report last weekend quantified an expectation about the HUI: "A print above 445 would be very convincing to skeptics and set up a test of the 40-weekly moving average currently near 474."
Wednesday's close was 454.44.
And further? The Golden Truth website, reportedly written by a gold-market professional, says on Wednesday after a detailed chart discussion: "From both a fundamental and technical standpoint, the indicators for gold to make a run to new highs have not been this bullish in the 11-year bull market."
At JSMineset, ultra-experienced old gold hand Jim Sinclair confines himself to republishing an Aug. 1 essay from technician Alf Fields: "The bottom line is that we now have a really strong probability that the correction which started at $1,913 on Aug. 23, 2011, has been completed both in terms of Elliott waves and also in terms of time elapsed."
"If this is correct, the gold price should soon be expressing itself in violent upside action as it moves into the third of third wave, which is still targeted to reach $4,500.

Financial Sense Newshour interviews GATA Chairman Bill Murphy



GATA Chairman Bill Murphy is interviewed for a half hour by Jim Puplava on the latest Financial Sense Newshour Internet radio program. They discuss gold market manipulation, suppression of gold mining share prices, GATA's history, and the prospects for the monetary metals. The program is posted here:

http://www.financialsense.com/financial-sense-newshour/guest-expert/2012...

 CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

GATA | THE GATA DISPATCH - August 26, 2012 - : Reuters finally cites GATA, but just to help disparage Republican tease about gold

Reuters finally cites GATA, but just to help disparage Republican tease about gold

Republicans Tease with Gold Standard, but Idea Seen Full of Bugs
From Reuters
Sunday, August 26, 2012

http://www.reuters.com/article/2012/08/26/gold-republicans-committee-idU...

NEW YORK -- Republicans have all but guaranteed the backing of the "gold vote" this November by raising an idea that even the most bullish mainstream bullion boosters believe is unrealistic -- a return to the gold standard.

Gold prices would likely surge to $10,000 an ounce, the greenback's credibility would vanish, and global superpowers would risk a new trade war if Republicans were to restore the link between the U.S. dollar and gold that was severed 40 years ago.

But that isn't stopping Republicans from considering the idea, who will call for a commission to look at restoring a fixed value for the dollar, according to a draft of the party platform to be adopted at the Republican National Convention that begins on Monday in Tampa, Florida.

Gold has returned to the political discourse recently with the growing prominence of politicians like Ron Paul, the congressman from Texas who has said that he decided to enter politics on the day that President Richard Nixon shut the "gold window" in 1971, and with the Tea Party, which helped Utah pass a law last year to make gold legal tender.

But their support won't change the practical hurdles that would face such a wrenching shift in the currency system, one likely to have catastrophic effects on trade and growth.
To back the U.S. monetary base, currently at around $2.56 trillion, by the 262 million ounces of gold held by the United States government means bullion prices would soar as high as $10,000 an ounce, Capital Economics strategists said.

A sudden appreciation of the dollar's value would crush the greenback's credibility as the world's reserve currency and severely undermine the international trade balance.

"It is hard to conceive of the circumstances under which no one would want to hold any dollars," they said.
The World Gold Council, a trade group funded by gold mining companies to promote the many uses of bullion, including by investors, deems such a move "unlikely," citing international disagreement over the converting price and the fact that annual growth in gold stock may not match the monetary base.
Even the Gold Anti-Trust Action Committee (GATA), a group dedicated to exposing what its founders say is a conspiracy by Wall Street banks, the Federal Reserve, and others to depress the price of gold and silver, doesn't see it happening.

At best they're hoping that the convention will provoke an audit of U.S. holdings, proving GATA'S claim of a conspiracy.
"It really would be something for the Republican platform to call for a truly independent audit of the Fed and U.S. gold reserves," said GATA's chairman, Bill Murphy, a former Boston Patriots wide receiver who worked as a commodity broker on Wall Street before founding GATA in 1998.
Despite widespread disbelief, a reintroduction of the gold standard has gained more support in recent years amid an intensifying debate over how to tackle U.S. debt levels and spending, and increased global anxiety over the stability of fiat currencies -- a government-issued currency whose value is based on the issuer's guarantee to pay the face amount on demand.

"The idea is that it forces the U.S. to live within its means," said Mark Luschini, chief investment strategist of broker-dealer Janney Montgomery Scott, which has around $54 billion in assets under management. "Think of it as a person with a debit card rather than a credit card. The debit card holder can spend only what he or she has in the bank."

Governments abroad are also renewing their interest in owning gold as part of their reserves due to economic uncertainty. World central banks as a group became net buyers in 2010 after two decades of net sales. Official-sector purchase is on track to rise to a record high this year, WGC said.

The world official sector currently holds about 29,500 tonnes, or 17 percent of the world's above-ground stocks. This compares to 19 percent held by investors and nearly half of the stocks made into gold jewelry.
The Republican proposal is reminiscent of a Gold Commission created by President Ronald Reagan in 1981, 10 years after President Richard Nixon broke the link between gold and the dollar during the 1971 oil crisis.
Reagan's commission ultimately supported the status quo, saying "restoring the gold standard does not appear to be a fruitful method for dealing with the continuing problem of inflation."
In 1973 the U.S. government raised the official dollar price of gold to $42.22 per ounce. A year later, Americans were permitted to own gold other than just jewelry.

The Congressional Budget Office warned on Wednesday that massive government spending cuts and tax hikes due next year will cause even worse economic damage than previously thought if Washington fails to come up with a solution.
Instead of planning for a gold standard return, the Republicans are trying to placate supporters at next week's convention and to gain more firepower in the party's promoting responsible U.S. fiscal and monetary policies in the upcoming federal elections in November, analysts said.

Minutes from the Federal Reserve's latest meeting suggests the U.S. central bank will adopt stimulus fairly soon unless economic conditions improve dramatically. Some expect Fed Chairman Ben Bernanke could use his speech at the central bank's gathering in Jackson Hole, Wyoming, at the end of this month to send a strong message to markets.

"Examining a return to the gold standard is one avenue to show the public and markets a level of seriousness about the U.S dollar, monetary policy and the budget deficit," said Jeffrey Wright, managing director of Global Hunter Securities.

* * *

Join GATA here:
Toronto Resource Investment Conference
Thursday-Friday, September 27-28, 2012
Toronto Sheraton Centre Hotel
Toronto, Ontario, Canada
http://www.cambridgehouse.com/event/toronto-resource-investment-conferen...

NYT Today's Headlines: -: Romney Adopts Harder Message for Last Stretch

The New York Times
August 26, 2012

Today's Headlines


TOP NEWS

Romney Adopts Harder Message for Last Stretch

By JEFF ZELENY and JIM RUTENBERG
Mitt Romney is heading into his nominating convention with his advisers convinced he needs a more combative footing against President Obama.

For Big Givers, Cash and Clout Arrive Together

By NICHOLAS CONFESSORE
Lobbyists, corporate executives, trade associations and donors exploit legal loopholes, making each party's quadrennial convention a gathering of money and influence unrivaled in politics.
Neil Armstrong 1930-2012

Made 'Giant Leap' as First Man to Step on Moon

By JOHN NOBLE WILFORD
Neil Armstrong became a global hero as the first human to set foot on an extraterrestrial body.
QUOTATION OF THE DAY
"They are willing to risk the uncertain dangers of the trip north to escape certain dangers they face at home."
JESSICA JONES, of the Women's Refugee Commission, on an advocacy group, on young Central American migrants who said they were seeking to escape gangs and drug traffickers at home.

Science

Slide Show: Remembering Neil Armstrong

A quiet, private man, at heart an engineer and crack test pilot, Mr. Armstrong made history as the commander of the Apollo 11 spacecraft.
Opinion
Opinion

An Immune Disorder at the Root of Autism

Future doctors will need to correct the postmodern tendency toward immune dysregulation.
POLITICS
The Caucus

Citing Weather, Republicans Cancel First Day of Convention

By MICHAEL D. SHEAR
The Republican National Convention will officially open on Monday but will immediately recess until Tuesday afternoon because of the expectation of bad weather in Tampa, Fla.

Lessons Learned From '08 Ticket, Romney and Ryan Present a United Front

By TRIP GABRIEL and ASHLEY PARKER
Unlike Sarah Palin, the Republican running mate in this election, Representative Paul D. Ryan, is staying in the background and giving ground on policy.

Libertarian Legion Stands Ready to Accept Torch From Paul

By JOHN HARWOOD
After a valedictory rally on Sunday in Tampa, Fla., supporters of Representative Ron Paul are eager to build on his electoral advances and youth support.
BUSINESS

The Best Book Reviews Money Can Buy

By DAVID STREITFELD
The growing business of self-published books has spawned an industry in which hired reviewers produce favorable online reviews.
Novelties

Early Detection for Brain Injuries

By ANNE EISENBERG
Using magnetic sensors that can spot changes in brain waves, researchers are working on a new, relatively inexpensive way to spot injuries and monitor brain diseases.
Fair Game

When a 401(k) Is Locked in the Freezer

By GRETCHEN MORGENSON
After their company's bankruptcy, a group of workers has waited four years for their retirement money.
TECHNOLOGY
News Analysis

Apple-Samsung Case Shows Smartphone as Legal Magnet

By STEVE LOHR
The smartphone patent wars are unusually complex, and the courts, rather than the patent office, are pushing companies toward a truce. In the end, consumers may be the losers.
Bits

Turn Off the Phone (and the Tension)

By JENNA WORTHAM
In taking a forced break from her smartphone and social media, a writer reclaims a sense of serenity.

A Hardware Renaissance in Silicon Valley

By NICK BILTON and JOHN MARKOFF
Faster ways to design, finance and build prototypes are cutting the costs and reducing the risks of developing new products, helping Silicon Valley return to its hardware roots.
SUNDAY REVIEW
Capital Ideas

Romney's First 100 Days

By DAVID LEONHARDT
A Republican sweep of Washington could make possible the change they have been talking about for three decades: a significant shrinking of government.
News Analysis

The Sun Belt, Eclipsed

By ADAM NAGOURNEY
The Sun Belt remains a force, but the Republican National Convention is a sign that the Republicans' grip on it is loosening.
News Analysis

How Long Do You Want to Live?

By DAVID EWING DUNCAN
New biomedical discoveries may bring a steeper increase in life span - but not everyone wants it.
ON THIS DAY
On Aug. 26, 1920, the 19th Amendment to the U.S. Constitution, guaranteeing women the right to vote, was declared in effect.