Word: nears
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Faced with ubiquitous signs of global economic meltdown, investors sold stocks in force on Tuesday, dragging the broad market indexes down near the lows reached last November. The Standard & Poor's 500 index, weighed down by financials, fell 4.56%, while the Dow Industrials sank 3.8%, falling to within a fraction of its November 2008 low. Among the hardest hit sectors were bank stocks, down 10%, oil service stocks, down 8.2%, and semiconductor stocks, which fell 6.7%. Gold Mining was among the rare winners Tuesday, with the industry group rising 2.5%. (See pictures of the top 10 scared traders...
Dragging the stock market down is a near universal acceptance that this recession is going to be longer and deeper than the consensus thought just three months ago. Late last week, for example, investment firm Credit Suisse lowered the projected operating earnings for S&P 500 companies to $58. It had been expecting $70 per share. The firm now expects overall operating earnings for the S&P 500 to fall 34% in 2009. In lowering its estimate, Credit Suisse analysts added a note of caution to the grim forecast: "We worry that while financial earnings have already seen considerable weakness...
...through her later years. Worth and Des Forges met at Radcliffe and bonded over a shared dedication to the Phillip Brooks House Association, a student-run public service organization. They quickly became friends and spent the summer after their junior years in Tanzania, working in an abandoned refugee camp near the Rwandan border. The summer sparked Des Forges’ interest in Rwanda, and she wrote her Ph.D. thesis about the nation while working toward a degree at Yale’s Graduate School of Arts and Sciences. In 1999, Des Forges was awarded the MacArthur “Genius...
...Using the ashes of minute wood samples, Nagyvary analyzed the chemical makeup of violins made by Stradivari and a contemporary Cremonese maker Giuseppe Guarneri del Gesù, whose violins are thought to be near equals to Strads. The ashes of the Strad's wood contained numerous chemicals - most notably borax and chromium - that suggest it had been aggressively treated with a varnish designed to protect against infestation. The analysis also found that the organic matrix of Stradivari's wood was damaged and weakened, almost certainly by the application of the mineral preservative, leading Nagyvary to speculate that the wood...
...Crazy sequence marked by a few near turnovers, Oliver McNally hitting the floor twice, and a Kenyi swat. Harvard ball. HARVARD 10, COLUMBIA...