Word: overnighters
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...making hundreds of billions of dollars readily available to financial institutions, but so far that hasn't broken the vicious circle, and interbank lending remains gummed up. "It's like pushing on a string," says Maughan. He points out that banks are hoarding the money they can borrow overnight from central banks rather than using it to lend to others; as a result, "You're not really achieving anything...
...taxpayers and homeowners--but mostly staying out of the way. He didn't really act like a leader, but he doesn't hold a leadership position, and so far voters seem to appreciate his cool response. While Washington Mutual and Wachovia were disappearing and investment banks were going extinct overnight, Obama was pulling ahead in the polls...
...their 401(k)s drop[ping] $50,000 in a day, and they call and scream at me and say, You rat bastard, I'm never voting for you again!" Representative Elton Gallegly, a 64-year-old California Republican who voted no, said his hostile-call ratio went virtually overnight from 40 to 1 to a mixed bag--and he can understand why, because he lost $50,000 in savings on Monday. "And I'm getting to the point in my life where I can't start over," he says...
Japan's Nikkei and Hong Kong's Hang Seng indexes fell by 5% or more in overnight trading before ending Tuesday down 4.1% and .85 respectively; exchanges in London, Paris and Frankfurt all opened slumping before winding up 1.7%, .4%, and 2% ahead. Compare that with Monday's 7% drop the Dow Jones and 9.1% slide on the Nasdaq...
...bike. The bicyclist, who Tempesta identified as a Lesley College graduate student, was taken by ambulance to a hospital for a complete medical evaluation. According to Tempesta, the student suffered an ankle injury in addition to some scratches and bruises. The shuttle, which was running on the extended overnight service line, was not damaged from the collision, according to Tempesta. He added that the collision delayed shuttle service that night, but the shuttle resumed services Sunday morning. Sunday’s collision is the second shuttle-related incident this past weekend as a Harvard shuttle was struck by another vehicle...