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Relates News And Gossip

The IRS is Totally Fine with Swimmer Michael Phelps

After initially reporting that Michael Phelps owes more than $20,000 in back taxes, TMZ has issued a correction. While a Michael Phelps does indeed owe tons of cash, it’s not the Olympic games’ swimming golden boy, just another guy who happens to share his name. Woops!“There is definitely a Michael Phelps who owes $20,000 to [...]

Michael Phelps Owes $23,000 in Taxes

Golden boy Michael Phelps‘ reputation just became a little more tarnished: According to TMZ.com, the Olympic swimming champ owes more than $20,000 in taxes. A tax lien filed last year reveals that the gold-medalist owes the State of California $23,289.16 for tax returns back in 2005 and 2006. This isn’t 24-year-old Michael’s first scrape since Beijing. [...]

Gold surges to a fresh record

Gold rallied to an all-time high Monday, climbing ever closer to $1,200 an ounce, as the U.S. dollar slid and investors showed nervousness about the economy.

Phelps looking ahead to better times in 2010 (AP)

AP - Michael Phelps is ready to put an up-and-down post-Olympic year behind him and focus on the challenges that await in 2010, including adjusting to a ban on the high-performance suits that rocked his sport.

Gold hits record above $1,170/oz as dollar slides

LONDON (Reuters) - Gold hit a record high at $1,170.55 an ounce on Monday as dollar weakness pushed the metal through key technical resistance levels, fuelling momentum buying after the metal's sharp run higher earlier this month.

Dow at 13-month high

Stocks rallied Monday morning after a report showed home sales surged to the highest level in 2-1/2 years and the falling dollar goosed commodities, sending gold to another record.

Lochte ends Phelps's reign as swimmer of year (AFP)

AFP - Ryan Lochte beat out superstar Michael Phelps and veteran Aaron Peirsol for male swimmer of the year Sunday at USA Swimming's Golden Goggles awards.

Wall Street may follow the world higher

Stocks were set for a higher open Monday, joining overseas markets, as the surge in commodity prices -- including another record for gold -- continued.

Adam Lambert at AMAs: Shocked?

By Michael Slezak Michael Slezak wishes Adam would've set tongues wagging with his golden voice, not an iffy spectacle

Gold hits another new record

Read full story for latest details.

Radiation leak investigated at Three Mile Island (Reuters)

Reuters - Federal officials are investigating a radiation leak at Three Mile Island, scene of the worst U.S. nuclear power accident, but said on Sunday there was no threat to public health or safety.

Gold at record; resource plays boost stocks

SINGAPORE (Reuters) - Gold rose more than 1 percent to a record high on Monday as concerns about accelerating inflation and weak economic growth prompted investors to seek relatively safer assets, while supply concerns boosted oil and copper.