Word: cnbc
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Dates: during 2000-2009
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...Richard Corliss needs to get a life! a Romanian horror film among his best of the year? If I want to get depressed, all I have to do is watch CNBC. Seriously, we are in a deep recession, and the world is suffering. Please get out of those artsy theaters, visit the multiplex, have some popcorn and find us a funny movie. Edward Shute, Gulph Mills...
...during all of that, there was also persistent anecdotal evidence that lending to credit-worthy borrowers was doing just fine - it seemed every other day some community bank CEO was on CNBC talking about how many loans his institution was making to small businesses and people who wanted to buy cars or houses. As the story of Chari, his surprise realization, and the academic dialogue that followed make clear, understanding what is happening in the economy - let alone how to fix it - is an incredibly difficult task, even for people who have built their entire careers around doing just that...
...their new stadium. On Oct. 19, the first day of a public auction for personal-seat licenses that give you a right to buy season-ticket packages for future games, the Jets exceeded their benchmark target of $25,000 for the premier seats in their new stadium, according to CNBC. (Though prices have dropped since then.) Overall, baseball's 2008 revenues rose to $6.5 billion, from $6 billion last season, and NHL season-ticket sales are up almost...
Historians trying to decide when the Panic of 2008 began may look to the morning of Oct. 6, when the U.S. government's vaunted $700 billion rescue plan barely slowed the market meltdown. The usually ebullient CNBC host Jim Cramer went on Today and implored, "Whatever money you need for the next five years, please take it out of the market right now." Retirees were frantic. Even Fed Chairman Ben Bernanke, his face a rictus of worry, said the economy probably won't improve until next year. Stocks veered wildly...
...Monday afternoon, Wall Street basically stopped trading to watch TV - mainly CNBC - to see how the House of Representatives would vote on the $700 billion bailout package. When it first started looking like the bill would fail, the Dow plummeted 389 points, or 3.6%, in just seven minutes. If it had continued at that pace for much longer, this would have been perhaps the most harrowing day in stock market history. It didn't, but things were still really, really bad. The Dow ended the day down 778 points, or 7%, and the S&P 500 - a better measure...