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...high - Sal Buccellato, a currency trader with Gallant FX, warned that not everyone was going to enjoy the end-of-the-year holidays, but he was more optimistic over the long term. Buccelato - who said he made money during the bloodletting - saw a silver lining even for those who lose their jobs. "They'll take a nine-month vacation and the government will pay for that, too" - referring to severance packages, unemployment benefits, unused time-off and other subsidies that would come their way. Greg Barton, an equities trader with NWT Financial, was also optimistic as the trading day began...

Author: /time Magazine | Title: The Down-Up-Down Day on Wall Street | 10/8/2008 | See Source »

...Western Europe shares many characteristics with the United States, so its upcoming path will be a challenging one. But when it comes to poor countries, they are more likely to lose sleep over the rising food and other commodity prices than to suffer directly because of the evaporation of some companies in America. In fact, when America’s consumption slows down, the upward pressure on prices of scarce commodities will dwindle. Foreign countries will surely welcome appropriate restructuring of the U.S. economy (American shoppers make growth much easier in a number of countries), but they are not standing...

Author: By Jan Zilinsky | Title: Lessons from the Financial Crisis | 10/7/2008 | See Source »

...even begin to root out the government waste in city and town spending.” Yet legislators argue that the initiative will affect the aid the state can give to local communities. “One would find it hard to believe that they would be able to lose 40 percent of revenue stream and not have to reduce state aid to local cities and towns,” said Cambridge Budget Director David J. Kale. State senator Anthony D. Galluccio, a former Cambridge city councillor, expressed similar concerns. “The initiative would have a dramatic impact...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Mass. Voters To Consider Income Tax | 10/6/2008 | See Source »

...more big time players start jumping across the pond for briefcases full of Euros, the NBA will lose the foundation of its business: talented players. While this movement has not taken off yet, it makes sense that if one league loses its best talent, the level of play will decrease. Tom Brady, star quarterback of the Patriots football team, offers an object lesson for these issues. Brady completely changed the scope of the 2008 NFL season when he tore a muscle in his left knee during the first game of the year against the Kansas City Chiefs. While many Patriots...

Author: By Marcel E. Moran | Title: The NBA’s Euro-Trip | 10/6/2008 | See Source »

...good about where we are," he said over and over, in different iterations, as Giuliani's languid campaign performance turned off voters in state after state. DuHaime called certain New England states "momentum-proof," while saying he felt "very good" about other states, like Florida, that Giuliani would eventually lose. At some point, reporters covering the race could no longer handle it all with a straight face...

Author: /time Magazine | Title: Can McCain Map Out a Comeback Strategy? | 10/6/2008 | See Source »

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