The combination of a falling dollar and higher oil prices has raised gold's appeal as the precious metal is expected to have its largest weekly gain in seven years. "In the short term, at least for another month or so, gold will stay in this consolidatory phase of rebounding on price drops and falling when gains get too much," said Lin Yuhui of China International Futures. "These movements will largely continue to be driven by movements in the U.S. dollar and crude oil."
The Las Vegas Strip has been affected by the lending crisis, prompting unemployment in the construction industry to reach 7.4% in July. Delay of the multi-billion-dollar Echelon Place Development has dimmed prospects for recovery in early 2009.
In a study comparing different green roofs, all the roofs reduced air conditioning costs, but some roofs fared better than others in capturing rainwater. Researchers created 24 experimental green rooftops using roofing materials from six manufacturers.
U.S. manufacturing output rose 0.7% in March, marking the largest gain since May 2000, according to a Federal Reserve report released today. The increase beat expectations and indicates that high demand is helping to pull the industrial sector out of recession.