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...pictures of the stock-market crash...
...seem silly," said Vilsack, "unless you're a pork producer. Then, you have to tell your family you can't afford to pay the bills because you're now selling your product for less than it cost you to produce it." (Read "Amid Swine Flu Fears, the Pork Market Falls...
...soon after the first reports of the so-called swine flu emerged in the spring of 2009 that the already soft hog market practically collapsed. In China, a major consumer of U.S. pork, fully two-thirds of the 1.3 billion population stopped eating pork altogether, and Beijing responded with a ban on any pork produced in North Carolina, Iowa or Oklahoma. Russia and Ukraine followed with prohibitions of their own, and soon there were 27 countries that wanted nothing to do with any hog raised in America. Institutional buyers in the U.S. grew skittish too, as did big state...
...sharp shock of the 2008 financial crisis paralyzed the U.S. economy. Mass layoffs have been at a record high, flooding the labor market with job hunters. Six years of manufacturing-job losses were compressed into 18 months, overwhelming retraining programs. The collapse of home values and the tightening of credit make worker mobility a moot issue. Instead of connecting the jobless to new jobs, the employment system has seized up. After 33 weeks of searching for work, Whitfield is looking warily to December, when his unemployment insurance ends...
India's stock market rally seems to have run out of steam, if results of recent initial public stock offerings are any indication. A spate of companies rushing to raise capital in recent weeks has resulted in big names trading below listing prices and some follow-on offerings struggling to find enough investors...