Word: dows
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...take a different look at that beating on the Dow. Turn the $1.2 trillion into a gain (say, by passing a bailout law that actually loosens stuck gears of credit) and the long-term capital gains tax on it is $180 billion, which could buy a lot of crap CDOs. And then perhaps resell them at a profit. If we take that $1.2 trillion as a loss, the government foregoes tax money, because taxpayers will report lower incomes after they write off investment losses. Revenues drop, so the government then has to keep priming the pump by increasing spending, which...
...professional investment clubs, but it is probably one of the least well known. A select group of seven undergraduates pooled thousands of dollars—at least $1,000 each—and invest and manage those funds in the market. The nearly 800-point nose dive in the Dow Jones on Monday was enough to make even the most experienced fund managers wince. But Acumen, it seems, weathered the storm with a smile on their face. “We had a very, very good day,” said Vikram R. Modi ’09, co-president...
...Although half of the campus knows that the Dow closed down 700 points, few are aware of what the poverty line is or how many people live under those circumstances,” said Courtney L. Blair...
...experts are right, the nation now risks great financial hardship, because there was no one to stand up and explain the situation. The Dow Jones industrial average dropped 778 points on the news. Treasury Secretary Hank Paulson warned Monday afternoon that car loans and student loans were likely to tighten. Other economists have warned of the possibility of widespread corporate failures and unemployment, if the short-term credit markets freeze up. Bank failures, or mergers, are likely to continue. The taxpayer costs of federal insurance on deposits could increase...
...Republicans blamed the Dems, the House blamed the Senate, the Senate blamed the House, John McCain blamed Barack Obama, Barack Obama blamed - well, you get the picture. Only one player remained relatively restrained in the aftermath of the defeat, which led to a 777-point free fall for the Dow Jones industrial average, the largest single point drop in history, and a market loss of $1.2 trillion. "We're not going to play the finger-pointing blame game, which is what today devolved into," sniffed White House spokesman Tony Fratto...