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Business Journalism: How to Report on Business and Economics by Keith Hayes

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Commodities and Other Exotic Financial Products

The small town of Barkerville is located some 400 miles from the major city of Vancouver in the interior of the Canadian Province of British Columbia. Its itinerant population today is about 200; and it is essentially a tourist town with dance hall girls, a hanging judge, and historic buildings. Visitors can also pan for gold.

And that’s how Barkerville was born. A prospector named Billy Barker struck gold in 1860 and the inevitable gold rush began. Barkerville sprang from nothing to a population of 5,000, making it a fairly large town in those days.

As so often happened when gold fever struck, ...

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