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...changes in information about economic fundamentals," Summers said just after the crash, "they've got to be disabused of that notion by Monday's 500-point movement." The crash also demonstrated that prices didn't follow the statistical model of a random walk--if they did, a 20% one-day market drop like that of 1987 should happen only once in billions upon billions of years...

Author: /time Magazine | Title: The Myth Of the Rational Market | 6/22/2009 | See Source »

...President's one-day message may briefly calm the storm, but after the Administration's inattentive first six months in office, the gay and lesbian community has made it clear they're unwilling to take a passive role as other legislative items trump their concerns. "In the first several months of the Administration, there has been a belief that we are not really in the mix," says Steven Elmendorf, a gay Democratic lobbyist. "Obama himself needs to sort of lay out at some point, 'Yes, I want to do these things ... I am going to use some political capital...

Author: /time Magazine | Title: On Agenda, Gays Ask, but Obama's Not Telling | 6/18/2009 | See Source »

India's benchmark stock index on Monday surged a stunning 17%, a record one-day gain powered by investor euphoria over a resounding victory in nationwide elections by Prime Minister Manmohan Singh's Congress Party...

Author: /time Magazine | Title: After Elections, India Stocks Soar 17% | 5/18/2009 | See Source »

...August. Such a scheme can lead to laziness - drag out the old faves for the 30th time - but the staff often spotlights less obvious names, actors whose careers merit a close look: Marie Dressler, Constance Bennett, Peter Lorre and Trevor Howard all have shone in what amount to one-day retrospectives. In June, TCM will try a similar tack with the stars behind the camera: two directors a day for 30 days...

Author: /time Magazine | Title: 15 Reasons to Love Turner Classic Movies | 5/2/2009 | See Source »

...blazing. On the evening of April 15, the company was able to price its IPO at $18 per share, above the estimated range of $15-17. It was the first IPO to price above its range in nearly a year. The next day, shares shot up 40%, the best one-day IPO rise in the last year (on April 23, the stock closed at $25.60 per share, 42% above the IPO price...

Author: /time Magazine | Title: Rosetta Stone: Speaking Wall Street's Language | 4/25/2009 | See Source »

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