July 19, 2011

The nation’s second-largest chain of bookstores will be shuttered for good. Borders faces liquidation after a plan fell through to sell the bankrupt bookseller to a buyer who would keep it open. The closing of all 399 Borders locations will cost over 10,000 people their jobs and leave Barnes and Noble as America’s only national chain of bookstores. Source Link

The battle over budget cuts and raising the government debt ceiling has been the Midas touch for gold prices. The precious metal is trading near $1600 an ounce on fears about a possible U.S. debt default next month. And it’s not peaked yet, as some analysts see prices for gold rising to $2,000 an ounce within the year. Source Link

For the first time, a national poll shows a majority of Americans are in favor of a public ban on smoking. The Gallup poll found that 59% of those surveyed want to prohibit smoking in public places. But only 19% are in favor of a complete ban on smoking. The same survey showed about one-in-five Americans are smokers -- a figure that’s been unchanged for the past five years. Source Link