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...unconscious" didn't sound quite so gooey. At that time, MDMA had a small following among avant-garde psychotherapists, who gave it to blindfolded patients in quiet offices and then asked them to discuss traumas. Many of the therapists had heard about MDMA from the published work of former Dow chemist Shulgin. According to Shulgin (who is often wrongly credited with discovering MDMA), another therapist to whom he gave the drug in turn named it Adam and introduced it to more than 4,000 people...
...stagnant. Hiring by U.S. companies is down, for the first time in more than four years. But there might be some help wanted on Wall Street soon, because Friday's unemployment report is the stuff rallies are made of. Just a half-hour into the trading day, the Dow was up 175 and the Nasdaq almost 200 (with inflation-fearing bonds whooping it up right alongside them) as investors saw visions of the long season of economic overdrive, interest-rate hikes, and neurotic markets drawing to a close. "This is the latest sign that the economy is slowing down...
Said Secretary of Commerce Bill Gates, "Under this Republican administration, the free market has flourished; we've come a long way since the days of Democratic antitrust witch hunts." The Dow Jones industrial average is expected to hit a record high of 30,000 within the next month. Investors were particularly exuberant this week after the announcement that the bug in Windows 2004, in which the newly-functional Internet refrigerator plug-in caused widespread failures during Fourth of July weekend last year, will be fixed in the new version...
...said, and the future is always bright for geeks. Now, two months and a staggering 37 percent later, NASDAQ is the wisp in the Fed's wind. Tuesday, week-old worries about another interest rate raise in the wake of last week's half-percent hike comments hit the Dow for 120 and the NASDAQ for 200 (to 3164, low for the year), a disproportion that is becoming old hat for index watchers...
Wall Street may be sounding a collective "Are we there yet?" to Alan Greenspan. The NASDAQ tumbled to its low point for the year Monday, losing more than 5 percent of its value in a brisk sell-off that also took the Dow down more than 250 points before both markets recovered in late-afternoon trading - the Dow finishing down 84 points down and the Nasdaq shedding 26.2 points. While analysts struggled to pinpoint a precise reason for the market's stormy Monday, the specter of more interest-rate hikes was a recurring theme, particularly in light of record trade...