Ode To Capitalism

WSJ Markets

• Gold's Fall Stings Universities' Endowment
  Gold's slump has saddled the second-largest U.S. college endowment with more than $300 million in paper losses.
• Apple CEO, Lawmakers Square Off Over Taxes
  Apple's tax strategies came under harsh scrutiny Tuesday in the Senate, where lawmakers are finding it far easier to call for a simpler tax code than to produce one.
• Tech Oldie H-P Might Still Be a Goody
  Beleaguered Hewlett-Packard is a notable beneficiary of this year's reversal, with its shares having beaten once-highflying Apple's by 66 percentage points so far.
• Labor Woes Jolt South African Assets
  South Africa's currency stumbled to a four-year low and the country's bonds sold off, signs that escalating labor unrest is starting to outweigh the lure of high yields for many investors.