Adam Davidson,The V.C.s of B.C.
Through a series of incredibly unlikely events, archaeologists have uncovered the comprehensive written archive of a few hundred traders who left their hometown Assur, in what is now Iraq, to set up importing businesses in Kanesh, which sat roughly at the center of present-day Turkey and functioned as the hub of a massive global trading system that stretched from Central Asia to Europe. Kanesh’s traders sent letters back and forth with their business partners, carefully written on clay tablets and stored at home in special vaults. Tens of thousands of these records remain. One economist recently told me that he would love to have as much candid information about businesses today as we have about the dealings — and in particular, about the trading practices — of this 4,000-year-old community.[more inside]
President Hugo Chavez of Venezuela wants to bring his country's gold back home. Eleven billion dollars worth of Venezuelan gold (211 tonnes ) is currently deposited among a number of US and European banks, at least some of which will have difficulties meeting the call. Transporting the gold will be expensive and complicated - not because of the physical volume but because of its immense value. (via) [more inside]
For the past 20 weeks I have been engaged in a very strange dialogue with the two noble Lords, in the course of which I have been trying to bring to their attention the willing availability of a strange organisation which wishes to make a great deal of money available to assist the recovery of the economy in this country. For want of a better name, I shall call it foundation X. [more inside]