What Happened The Last Time We Saw Gold Drop Like This?

The rapidity of gold’s drop is impressive, concerning, and disorderly. We have seen two other such instances of disorderly ‘hurried’ selling in the last five years. In July 2008, gold quickly dropped 21% – seemingly pre-empting the Lehman debacle and the collapse of the western banking system. In September 2011, gold fell 20% in a short period – as Europe’s risks exploded and stocks slumped prompting a globally co-ordinated central bank intervention the likes of which we have not seen before. Given the almost-record-breaking drop in gold in the last few days, we wonder what is coming?

 

 

This is what it looked like in Q3 2008…

 

and in 2011…

 

and now…

 and it seems safety is bid dramatically elsewhere as 2Y Swiss rates plunge 4bps to -7bps – their lowest in 4 months…

Charts: Bloomberg

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What Happened The Last Time We Saw Gold Drop Like This?

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Syria - Fighter Jet Downed (As It Happened)

Whatever Happened to the $100 Million Mark Zuckerberg Gave to Newark Schools?

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Reports are surfacing that Mark Zuckerberg and other technology leaders are planning to launch a new, yet-to-be-named advocacy group that will push for immigration and education reform. The move is a big deal for Zuckerberg, who has mostly avoided politics in the past, but has a reported $ 13.3 billion to put into the game if he chooses to.

What would this influence look like? There could be clues from Zuckerberg’s last foray into advocacy work, the high-profile $ 100 million he donated to Newark public schools in the fall of 2010. That September, Zuckerberg appeared with New Jersey Governor Chris Christie and Newark Mayor Cory Booker to announce the donation on the Oprah Winfrey Show. This was right before the premier of The Social Network, which portrayed Zuckerberg as a narcissist who stole the idea for Facebook.

News of the donation captured national attention for a moment, then faded. In Newark, a local foundation established by Zuckerberg and the state have spent more than two years deciding how to best create a schoolyard revolution with $ 100 million dollars. At first, the “Facebook money,” as it’s called in Newark, helped the state hire consultants and establish several new charter schools. But the reform effort has floundered at moments: The first million dollars went towards a poorly conducted community survey that had to be re-worked by Rutgers and New York University, and criticism was fierce when a foundation board established to decide how the Facebook money was spent included only one Newark resident: Cory Booker. (“Yes, it’s their money. But it’s Newark’s kids,” an op-ed that ran in the Star-Ledger read.)

Then last November, nearly $ 50 million of Zuckerberg’s money went to pay for a new teacher’s contract, the first in New Jersey to offer performance pay for teachers who are deemed as “highly effective.” The contract offers up to $ 12,500 in bonuses for the teachers rated as the best in the district. It’s the first contract in New Jersey to offer performance-based pay, a policy that’s been instituted in a few cities such as Washington, DC. In DC, the plan was so controversial that it might have cost Mayor Adrian Fenty his job. “I think it helped—I know it helped—to be on our side of the table and have deeper pockets,” one school district official said about the Newark negotiations.

Continue Reading »

Politics | Mother Jones

Whatever Happened to the $100 Million Mark Zuckerberg Gave to Newark Schools?

Whatever Happened to the $100 Million Mark Zuckerberg Gave to Newark Schools?

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Reports are surfacing that Mark Zuckerberg and other technology leaders are planning to launch a new, yet-to-be-named advocacy group that will push for immigration and education reform. The move is a big deal for Zuckerberg, who has mostly avoided politics in the past, but has a reported $ 13.3 billion to put into the game if he chooses to.

What would this influence look like? There could be clues from Zuckerberg’s last foray into advocacy work, the high-profile $ 100 million he donated to Newark public schools in the fall of 2010. That September, Zuckerberg appeared with New Jersey Governor Chris Christie and Newark Mayor Cory Booker to announce the donation on the Oprah Winfrey Show. This was right before the premier of The Social Network, which portrayed Zuckerberg as a narcissist who stole the idea for Facebook.

News of the donation captured national attention for a moment, then faded. In Newark, a local foundation established by Zuckerberg and the state have spent more than two years deciding how to best create a schoolyard revolution with $ 100 million dollars. At first, the “Facebook money,” as it’s called in Newark, helped the state hire consultants and establish several new charter schools. But the reform effort has floundered at moments: The first million dollars went towards a poorly conducted community survey that had to be re-worked by Rutgers and New York University, and criticism was fierce when a foundation board established to decide how the Facebook money was spent included only one Newark resident: Cory Booker. (“Yes, it’s their money. But it’s Newark’s kids,” an op-ed that ran in the Star-Ledger read.)

Then last November, nearly $ 50 million of Zuckerberg’s money went to pay for a new teacher’s contract, the first in New Jersey to offer performance pay for teachers who are deemed as “highly effective.” The contract offers up to $ 12,500 in bonuses for the teachers rated as the best in the district. It’s the first contract in New Jersey to offer performance-based pay, a policy that’s been instituted in a few cities such as Washington, DC. In DC, the plan was so controversial that it might have cost Mayor Adrian Fenty his job. “I think it helped—I know it helped—to be on our side of the table and have deeper pockets,” one school district official said about the Newark negotiations.

Continue Reading »

Politics | Mother Jones

Whatever Happened to the $100 Million Mark Zuckerberg Gave to Newark Schools?

Whatever Happened to the $100 Million Mark Zuckerberg Gave to Newark Schools?

Tweet

Reports are surfacing that Mark Zuckerberg and other technology leaders are planning to launch a new, yet-to-be-named advocacy group that will push for immigration and education reform. The move is a big deal for Zuckerberg, who has mostly avoided politics in the past, but has a reported $ 13.3 billion to put into the game if he chooses to.

What would this influence look like? There could be clues from Zuckerberg’s last foray into advocacy work, the high-profile $ 100 million he donated to Newark public schools in the fall of 2010. That September, Zuckerberg appeared with New Jersey Governor Chris Christie and Newark Mayor Cory Booker to announce the donation on the Oprah Winfrey Show. This was right before the premier of The Social Network, which portrayed Zuckerberg as a narcissist who stole the idea for Facebook.

News of the donation captured national attention for a moment, then faded. In Newark, a local foundation established by Zuckerberg and the state have spent more than two years deciding how to best create a schoolyard revolution with $ 100 million dollars. At first, the “Facebook money,” as it’s called in Newark, helped the state hire consultants and establish several new charter schools. But the reform effort has floundered at moments: The first million dollars went towards a poorly conducted community survey that had to be re-worked by Rutgers and New York University, and criticism was fierce when a foundation board established to decide how the Facebook money was spent included only one Newark resident: Cory Booker. (“Yes, it’s their money. But it’s Newark’s kids,” an op-ed that ran in the Star-Ledger read.)

Then last November, nearly $ 50 million of Zuckerberg’s money went to pay for a new teacher’s contract, the first in New Jersey to offer performance pay for teachers who are deemed as “highly effective.” The contract offers up to $ 12,500 in bonuses for the teachers rated as the best in the district. It’s the first contract in New Jersey to offer performance-based pay, a policy that’s been instituted in a few cities such as Washington, DC. In DC, the plan was so controversial that it might have cost Mayor Adrian Fenty his job. “I think it helped—I know it helped—to be on our side of the table and have deeper pockets,” one school district official said about the Newark negotiations.

Continue Reading »

Politics | Mother Jones

Whatever Happened to the $100 Million Mark Zuckerberg Gave to Newark Schools?

Whatever Happened to the $100 Million Mark Zuckerberg Gave to Newark Schools?

Tweet

Reports are surfacing that Mark Zuckerberg and other technology leaders are planning to launch a new, yet-to-be-named advocacy group that will push for immigration and education reform. The move is a big deal for Zuckerberg, who has mostly avoided politics in the past, but has a reported $ 13.3 billion to put into the game if he chooses to.

What would this influence look like? There could be clues from Zuckerberg’s last foray into advocacy work, the high-profile $ 100 million he donated to Newark public schools in the fall of 2010. That September, Zuckerberg appeared with New Jersey Governor Chris Christie and Newark Mayor Cory Booker to announce the donation on the Oprah Winfrey Show. This was right before the premier of The Social Network, which portrayed Zuckerberg as a narcissist who stole the idea for Facebook.

News of the donation captured national attention for a moment, then faded. In Newark, a local foundation established by Zuckerberg and the state have spent more than two years deciding how to best create a schoolyard revolution with $ 100 million dollars. At first, the “Facebook money,” as it’s called in Newark, helped the state hire consultants and establish several new charter schools. But the reform effort has floundered at moments: The first million dollars went towards a poorly conducted community survey that had to be re-worked by Rutgers and New York University, and criticism was fierce when a foundation board established to decide how the Facebook money was spent included only one Newark resident: Cory Booker. (“Yes, it’s their money. But it’s Newark’s kids,” an op-ed that ran in the Star-Ledger read.)

Then last November, nearly $ 50 million of Zuckerberg’s money went to pay for a new teacher’s contract, the first in New Jersey to offer performance pay for teachers who are deemed as “highly effective.” The contract offers up to $ 12,500 in bonuses for the teachers rated as the best in the district. It’s the first contract in New Jersey to offer performance-based pay, a policy that’s been instituted in a few cities such as Washington, DC. In DC, the plan was so controversial that it might have cost Mayor Adrian Fenty his job. “I think it helped—I know it helped—to be on our side of the table and have deeper pockets,” one school district official said about the Newark negotiations.

Continue Reading »

Politics | Mother Jones

Whatever Happened to the $100 Million Mark Zuckerberg Gave to Newark Schools?

Whatever Happened to the $100 Million Mark Zuckerberg Gave to Newark Schools?

Tweet

Reports are surfacing that Mark Zuckerberg and other technology leaders are planning to launch a new, yet-to-be-named advocacy group that will push for immigration and education reform. The move is a big deal for Zuckerberg, who has mostly avoided politics in the past, but has a reported $ 13.3 billion to put into the game if he chooses to.

What would this influence look like? There could be clues from Zuckerberg’s last foray into advocacy work, the high-profile $ 100 million he donated to Newark public schools in the fall of 2010. That September, Zuckerberg appeared with New Jersey Governor Chris Christie and Newark Mayor Cory Booker to announce the donation on the Oprah Winfrey Show. This was right before the premier of The Social Network, which portrayed Zuckerberg as a narcissist who stole the idea for Facebook.

News of the donation captured national attention for a moment, then faded. In Newark, a local foundation established by Zuckerberg and the state have spent more than two years deciding how to best create a schoolyard revolution with $ 100 million dollars. At first, the “Facebook money,” as it’s called in Newark, helped the state hire consultants and establish several new charter schools. But the reform effort has floundered at moments: The first million dollars went towards a poorly conducted community survey that had to be re-worked by Rutgers and New York University, and criticism was fierce when a foundation board established to decide how the Facebook money was spent included only one Newark resident: Cory Booker. (“Yes, it’s their money. But it’s Newark’s kids,” an op-ed that ran in the Star-Ledger read.)

Then last November, nearly $ 50 million of Zuckerberg’s money went to pay for a new teacher’s contract, the first in New Jersey to offer performance pay for teachers who are deemed as “highly effective.” The contract offers up to $ 12,500 in bonuses for the teachers rated as the best in the district. It’s the first contract in New Jersey to offer performance-based pay, a policy that’s been instituted in a few cities such as Washington, DC. In DC, the plan was so controversial that it might have cost Mayor Adrian Fenty his job. “I think it helped—I know it helped—to be on our side of the table and have deeper pockets,” one school district official said about the Newark negotiations.

Continue Reading »

Politics | Mother Jones

Whatever Happened to the $100 Million Mark Zuckerberg Gave to Newark Schools?

Whatever Happened to the $100 Million Mark Zuckerberg Gave to Newark Schools?

Tweet

Reports are surfacing that Mark Zuckerberg and other technology leaders are planning to launch a new, yet-to-be-named advocacy group that will push for immigration and education reform. The move is a big deal for Zuckerberg, who has mostly avoided politics in the past, but has a reported $ 13.3 billion to put into the game if he chooses to.

What would this influence look like? There could be clues from Zuckerberg’s last foray into advocacy work, the high-profile $ 100 million he donated to Newark public schools in the fall of 2010. That September, Zuckerberg appeared with New Jersey Governor Chris Christie and Newark Mayor Cory Booker to announce the donation on the Oprah Winfrey Show. This was right before the premier of The Social Network, which portrayed Zuckerberg as a narcissist who stole the idea for Facebook.

News of the donation captured national attention for a moment, then faded. In Newark, a local foundation established by Zuckerberg and the state have spent more than two years deciding how to best create a schoolyard revolution with $ 100 million dollars. At first, the “Facebook money,” as it’s called in Newark, helped the state hire consultants and establish several new charter schools. But the reform effort has floundered at moments: The first million dollars went towards a poorly conducted community survey that had to be re-worked by Rutgers and New York University, and criticism was fierce when a foundation board established to decide how the Facebook money was spent included only one Newark resident: Cory Booker. (“Yes, it’s their money. But it’s Newark’s kids,” an op-ed that ran in the Star-Ledger read.)

Then last November, nearly $ 50 million of Zuckerberg’s money went to pay for a new teacher’s contract, the first in New Jersey to offer performance pay for teachers who are deemed as “highly effective.” The contract offers up to $ 12,500 in bonuses for the teachers rated as the best in the district. It’s the first contract in New Jersey to offer performance-based pay, a policy that’s been instituted in a few cities such as Washington, DC. In DC, the plan was so controversial that it might have cost Mayor Adrian Fenty his job. “I think it helped—I know it helped—to be on our side of the table and have deeper pockets,” one school district official said about the Newark negotiations.

Continue Reading »

Politics | Mother Jones

Whatever Happened to the $100 Million Mark Zuckerberg Gave to Newark Schools?

Whatever Happened to the $100 Million Mark Zuckerberg Gave to Newark Schools?

Tweet

Reports are surfacing that Mark Zuckerberg and other technology leaders are planning to launch a new, yet-to-be-named advocacy group that will push for immigration and education reform. The move is a big deal for Zuckerberg, who has mostly avoided politics in the past, but has a reported $ 13.3 billion to put into the game if he chooses to.

What would this influence look like? There could be clues from Zuckerberg’s last foray into advocacy work, the high-profile $ 100 million he donated to Newark public schools in the fall of 2010. That September, Zuckerberg appeared with New Jersey Governor Chris Christie and Newark Mayor Cory Booker to announce the donation on the Oprah Winfrey Show. This was right before the premier of The Social Network, which portrayed Zuckerberg as a narcissist who stole the idea for Facebook.

News of the donation captured national attention for a moment, then faded. In Newark, a local foundation established by Zuckerberg and the state have spent more than two years deciding how to best create a schoolyard revolution with $ 100 million dollars. At first, the “Facebook money,” as it’s called in Newark, helped the state hire consultants and establish several new charter schools. But the reform effort has floundered at moments: The first million dollars went towards a poorly conducted community survey that had to be re-worked by Rutgers and New York University, and criticism was fierce when a foundation board established to decide how the Facebook money was spent included only one Newark resident: Cory Booker. (“Yes, it’s their money. But it’s Newark’s kids,” an op-ed that ran in the Star-Ledger read.)

Then last November, nearly $ 50 million of Zuckerberg’s money went to pay for a new teacher’s contract, the first in New Jersey to offer performance pay for teachers who are deemed as “highly effective.” The contract offers up to $ 12,500 in bonuses for the teachers rated as the best in the district. It’s the first contract in New Jersey to offer performance-based pay, a policy that’s been instituted in a few cities such as Washington, DC. In DC, the plan was so controversial that it might have cost Mayor Adrian Fenty his job. “I think it helped—I know it helped—to be on our side of the table and have deeper pockets,” one school district official said about the Newark negotiations.

Continue Reading »

Politics | Mother Jones

Whatever Happened to the $100 Million Mark Zuckerberg Gave to Newark Schools?