Word: overnighting
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Dates: during 2000-2009
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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...
...even felt it. Why, you may be asking yourself, does everyone think there's such a big a problem when you're still being offered credit cards in the mail and 0% financing at the car dealership? Maybe you used to bank with Washington Mutual or Wachovia and overnight you've become a Chase or Wells Fargo customer, but if your money's still there, why does the rest matter...
...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...
...Obama and McCain have been cautious in adapting their messages to the new reality because no one is sure what the new reality actually means. But they may be reluctant to show their hands in an economy that can turn from forgiving to punishing overnight. On balance, McCain would be a lower-tax, lower-spending President who would agree to stiff regulation when necessary. Obama would be quicker to spend, quicker to regulate but also probably faster to react to economic weakness at home. The choice might be as much about reflexes as about ideology...
...would have to be sold brilliantly. But we have seen our system of high finance transformed overnight. It may be time for a dramatic Information Age renovation of government as well. (To see how TIME has covered Wall Street over the years, click here...