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...though, there's at least one measure you can't keep down: fear. Wall Street's favorite measure of market volatility and investor jitters, the Chicago Board Options Exchange Volatility Index - VIX for short - briefly topped 80 points for the first time Thursday, as U.S. stocks slipped on a pile of poor economic news. The VIX, dubbed the "fear gauge", eventually closed at a touch under 68, three times the average over its 18-year history. Prior to this past week, the index hadn't even scaled the 50 mark...
...widely trusted but mostly mysterious agency known as the Federal Deposit Insurance Corporation has ever had a public face, it was probably that of Lydia Lobsiger, the happy and relieved East Peoria, Ill., widow who in 1934 was the first American to get her little pile of savings back from the feds after a terrifying run on her local Fon du Lac State Bank. Now, almost 75 years later, the FDIC has been busy projecting a newer face, and it belongs to Sheila Bair, a 54-year-old lawyer from Kansas...
...your life changes for the better. At 21 years old, I have very recently slain this beast after a relatively brief encounter with it. I consider myself lucky. Chemotherapy and radiation used to eradicate Hodgkin's lymphoma might make you look really unattractive, make you feel like a miserable pile of nothing and bring forth an array of various other discomforting conditions; but surviving cancer makes everyday life so much sweeter. Activism, research, funding and politics are instrumental for developing strategies for creating awareness and combating cancer. Cancer, as conversation topic, is taboo among the young. Youngsters (especially young...
...eight adults standing in that driveway planned to vote for Obama in November. Their support ranged from enthusiastic to reluctant. And of course, there's nothing scientific about one driveway. But I heard similar things throughout my trip. Among white voters, Obama appeared to be rising on a pile of empty wallets. Many folks in Lincoln County shared that impression...
...markets have devoured last week's passage of the titanic $700 billion bailout package without a trace. By the end of Tuesday, the Dow had dropped 1,400 points in five days, the biggest point loss ever. As increasingly gloomy job numbers pile on top of the continuing problems in the credit market, it seems the U.S. government may be running out of economic hash to sling...