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Investors and money managers in Asia were relieved yesterday after the 7% plunge in the Dow Jones Industrial Average, which marked the largest one-day points drop in Wall Street history, did not ignite a calamitous selloff on Asian markets. There was some damage after Washington failed to pass a $700 billion bailout plan for the U.S. financial system, the catalyst for Wall Street's plunge. Japan's Nikkei Index fell 4.1% on Sept. 30; after declining in early trading, stocks in China and Hong Kong eked out small gains. "The reaction was not as bad as I had feared...
...when it is needed, will require the approval of Congress. And the money comes with strings. Paulson must report back to Congress more often and transactions must be posted online within two days. The House is expected to take up the bill on Monday and the Senate aims to pass it by Wednesday...
...ElBaradei replaced Hans Blix atop the U.N.'s nuclear watchdog agency in 1997, and has announced plans to pass the torch when his third term expires in November 2009. It's been a tumultuous tenure. He has clashed with the Bush Administration and weathered protests stemming from his negotiations with Tehran, and he has been chided for wavering when forced to confront intractable leaders. But it's been a decorated run as well: in 2005, ElBaradei and the IAEA were jointly awarded the Nobel Peace Prize. The Vienna-based agency kicks off its 52nd General Conference on Sept...
...goal line. You keep looking, was there a flag? You want to believe it all, I mean it wasn’t until the last snap [that I believed].”Harvard had just completed a 15-play, 75-yard drive that culminated in a 3-yard touchdown pass from backup quarterback Liam O’Hagan to an open Matt Luft in the back of the endzone. O’Hagan’s entrance also signalled the end of an impressive outing for starting signal-caller Chris Pizzotti, who completed 25-of-45 passes for 320 yards...
...other corner, junior Derrick Barker, routinely came in against three- and four-receiver sets last season. But, as last Friday night’s game against Holy Cross showed, Barker has yet to prove himself in the one-on-one slot. Twice he was beaten, resulting once in a pass interference call and once in a touchdown.“They were picking on him a little bit early, and we certainly knew that going into the game, but we just sort of wanted to see if we could get a bigger body over there against that receiver...