Word: columbuses
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...show their seriousness about the package, Pelosi and the Democrats actually came to work on Columbus Day, when the federal government - the Postal Service, the Pentagon, the Pension Benefit Guaranty Corp. and all the rest - was shut down. "Even a holiday of such importance could not stand in the way of our coming together here in Washington to deal with the financial crisis that is facing our country," Pelosi said after the Capitol session. FDR would certainly understand: he proclaimed the first Columbus Day in 1934, in the depths of the Great Depression...
...asked my 10-year-old brother what he had learned in school about Columbus. “Well,” he said with confidence, “his ships were the Niña, the Pinta, and the Mayflower…” I told him I didn’t think the Mayflower was one of the ships on Columbus’s voyage to America. Then I asked him what Columbus did once he got to America. “He met some Indians and the Indians died,” my brother replied. Perhaps this...
...Columbus Day was made a national holiday in 1934 by Franklin D. Roosevelt, class of 1904. John F. Kennedy ’40 revived it in 1963 to generate enthusiasm for space research with the proclamation: “we continue to honor Columbus’ daring as we search out the far reaches of space and of human possibility.” It is only in the past two decades that indigenous peoples and revisionist historians have objected to the celebration of Columbus Day, calling attention to the less-than-glorious eradication of the Indians that began when Columbus...
...might keep in mind that one characteristic of such a volatile market is that news, good or bad, gets amplified - and that there will be plenty of news to digest the rest of the week. On Tuesday, bond markets in the U.S. will reopen after having been closed for Columbus Day, and investors will get their first real look since the weekend at how much, if at all, credit has thawed. The rest of the week will bring a slew of economic reports - retail sales, consumer prices, housing starts - and corporate earnings, including those from financial firms such as JPMorgan...
...things look even worse. Arizona is projecting a billion-dollar budget shortfall, as is California. New Jersey is falling $1.7 billion short, while New York is $1.2 billion behind. Among the cities that have already announced spending and job cuts are Indianapolis, Tempe, Ariz., Columbus, Ohio, and New York City. "The economy has changed rather dramatically," says Christopher Hoene, director of research at the National League of Cities. "We're going to be facing this for the next two or three years...