Originally published on Wed August 1, 2012 3:32 pm
Decorated fencer Mariel Zagunis, who carried the U.S. flag into Olympic Stadium as part of the London 2012 opening ceremony, lost in the bronze medal match in the sabre Wednesday afternoon, falling to Olga Kharlan of Ukraine, 15-10.
The loss means that Zagunis, 27, will leave London without a medal — there is no team sabre medal at this year's Olympics (we'll post more about that situation soon).
U.S. gymnast Danell Leyva has won the bronze medal in the men's all-around competition in London. The gold was taken by Japanese star Kohei Uchimura, while the silver medal went to Marcel Nguyen of Germany.
With a final score of 92.690, Uchimura was nearly 2 points ahead of Leyva, at 90.698. And with his win, Uchimura vanquished the disappointments of his 2008 Beijing, when his struggles on the pommel horse cost him a gold medal.
Originally published on Wed August 1, 2012 4:00 pm
While it does indeed appear that "economic activity decelerated somewhat over the first half of this year," the Federal Reserve also said in its policy statement this afternoon that it is not — as of yet — taking any news steps to give the economy a boost.
Three years into the economic recovery, the unemployment rate is still disastrously high. So today's big economic question is whether the Federal Reserve will announce new measures to bring down unemployment when it releases its policy statement this afternoon.
Update: The new statement is out. The Fed isn't doing anything new right now.
Weighing 400 grams, the Olympic gold medals that are being doled out at the London 2012 Summer Games are the heaviest ever, according to reports. But that doesn't mean they're the most valuable: at an estimated $620.82, they're nearly $590 short of the $1,207.86 value held by a gold medal from the Stockholm Games of 1912.
The discrepancy stems from the fact that the 2012 gold medals contain only 6 grams of gold; the rest is silver and copper. In fact, the London bling contains more copper than gold, which is only used to coat the medals with a plating layer.