Word: fallenness
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...bailout plan presented by Treasury Secretary Hank Paulson, the stock market sell-off was dramatic: the Dow fell nearly 7% that day, a one-day drop that has been matched only 17 times since the index's birth in 1896. From its peak last October, the Dow has fallen more than...
...What's more, this is no longer an exclusively American crisis. European banks are going under as well. Growth rates in the euro zone and Japan have fallen further than in the U.S. Emerging markets too are suffering. With the exception of Brazil, stock markets in the BRIC economies (Brazil, Russia, India and China) are now down about 40% or more on the year...
...more convincing still needs to be done. Financial stocks plunged on news of the bailouts, and Datastream's index of European bank stocks has now fallen by 45% in a year. Even shares of some of the biggest and seemingly most solid financial institutions such as Royal Bank of Scotland have been mauled. Some depositors have taken fright, too. A day after the U.K. Treasury announced the nationalization of Bradford & Bingley and the sale of its branches to Spain's Banco Santander, Kusum Patel, a 50-year-old chef from Ilford, a gritty commuter suburb 9 miles (14.5 km) northeast...
...estate bubble," Merrill Lynch warned in a September report. A recent survey of households by China's central bank found only 13% were planning to buy property, the lowest figure since the survey started in 1999. In the wealthy industrial city of Shenzhen, reports suggest property prices may have fallen 30% from recent highs...
...Hampshire campaign stop; Obama's came from Wisconsin. More than 50,000 bracelets have been sold so far, and since the debate, HeroBracelets founder Chris Greta says he has received numerous requests for copies of Obama's bracelet--including an order from the relatives of the fallen soldier...