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...limit losses to 4.1% and .8% respectively by the closing bell, they combined with an early 3.5% drop on Mumbai's Sensex and declines in Australia, South Korea, Singapore and the Philippines to darkened moods in Asia. By contrast, London's FTSE 100 reversed its initial dip to post a 1.7% gain for the day, while Frankfurt's DAX surged to end 0.4% up and Paris' CAC 40 finished the session a full 2% higher. Compare those with Monday closings of -5.3%, -4.2%, and -5% respectively...
...illogical and rash to grant Paulson $700 billion when he was unable to prevent the crisis in the first place, or even to sense it was coming. As a guardian of the American economy in one of the highest offices in the nation, he has failed at his post. Some might argue that the economic factors leading to this crisis are difficult to control or predict, but that is not the case. President Bush admitted in his September 24 address to the nation that “most economists agree that the problems we are witnessing today developed over...
...with the Journal of Commerce and then with TIME. In 1955 he was hired by Newsweek, then TIME's distant competitor, and rose rapidly up the editing ranks. In 1960 he worked with his friend Ben Bradlee - then Newsweek's Washington bureau chief, later the editor of the Washington Post - to persuade the Graham family, which owned the Post, to buy the newsmagazine. Oz became Newsweek's editor...
...shadow. He revolutionized American - in fact, global - journalism. If Britton Hadden and Henry Luce, who founded TIME, were the fathers of the newsmagazine, Oz was the person who showed that the format could be a place for great, campaigning journalism, giving it a new relevance as America's post-1945 golden age gave way to the social and political tumult of the 1960s. In 1963, with a special issue titled "The Negro in America" - one of the handful of truly revolutionary pieces of American journalism - Oz made Newsweek a force to be reckoned with and demonstrated that great journalism could...
...Some other news organizations have started their own fact checking operations, including the Washington Post's The Fact Checker. Do they raise your game? Politifact is the other one that's pretty comparable to what we do. It's sponsored by the St. Petersburg Times and Congressional Quarterly. We don't view them as competition, we view them as colleagues. The more the better on this...