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Latest From Brien Lundin August 5, 2009
Obama to Abandon the Dollar? Obama to Abandon the Dollar?»
There is a growing movement internationally for a new reserve currency system that would diminish the role of the U.S. dollar. While acknowledging that such chatter can be bearish for the dollar, I have dismissed the likelihood of it actually happening. Now I’m not so sure. Read this article to find out why… More »




Support for healthcare bill declines as Republicans intensify criticism Support for healthcare bill declines as Republicans intensify criticism»
As Congress heads off for summer recess, after having failed to debate the healthcare proposal, a new poll has found Americans are increasingly concerned about its final shape. More »

Are we seeing signs of a recovery? Are we seeing signs of a recovery?»
After a better-than-expected housing report, new economic data suggest the pace of the general economic decline has slowed substantially in the second quarter of 2009. More »

Depression may increase the risk of Alzheimer’s Depression may increase the risk of Alzheimer’s»
New research has provided more reasons for those who combat depression to seek help, such as alternative medical treatments, because it has shown that depressed individuals are more likely to develop Alzheimer's disease. More »

Expert offers tips to protect vision throughout summer and every day Expert offers tips to protect vision throughout summer and every day»
Sunny summer days present particular danger to the eyes, but one expert says simple and effective steps can prevent bigger problems later in life. More »



In San Francisco, a Crooner, Cable Cars and a Dying President
Monday was Tony Bennett's 83rd birthday. In honor of the occasion, let's toast the city where he left his heart—San Francisco, the City by the Bay.

On Aug. 2, 1873, the first San Francisco cable car began operating, on Clay Street between Kearny and Jones. To this day, San Fran was the first and the last city in the world to operate cable cars. More than 100 other cities have tried them, but all the others have fallen by the wayside.

Fifty years later to the day, on Aug. 2, 1923, a United States President literally left his heart in San Francisco, when President Warren G. Harding died of an embolism in the Palace Hotel. This was six days after he had suffered heat stroke in Fairbanks, Alaska (it was 94 degrees in Alaska that day).

Later that night (11:43 p.m. in the West, 2:43 a.m. the next day in the East), Calvin Coolidge was sworn in by his father, a notary public, in Plymouth, Vermont. When the stock market opened later in the morning, the Dow Jones Industrial Average dropped just a single point. One point on the death of a President!

Aug. 2nd is significant to Californians for at least one other reason. On Aug. 2, 1769, the city of Los Angeles was founded as "Nuestra Senora la Rena de Los Angeles de Porciuncula." ("Our Lady the Queen of the Angels of ... Pork"?) Understandably, the city fathers long ago dropped the "de Porciuncula" from the name.

—Chip Wood

 

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