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...equally frenzied buying. The Dow Jones Industrial Average index lost nearly a quarter of its value between Oct. 1 and Oct. 27, including an epic 700-point drop on Oct. 15. The carnage was followed on Oct. 28 by a 900-point rise, the second largest points gain on record...

Author: /time Magazine | Title: Looking for the Bottom | 11/6/2008 | See Source »

...were called Democratic on the basis of exit polls before mysteriously ending up on the GOP side, costing the Democrats both elections. In the two cases, state officials at the helm of the electoral process were GOP loyalists, intimately involved in the presidential campaigns. With a dismal ethics record and an ideologically rationalized "end justifies the means" worldview, is there any doubt that an increasingly desperate Republican Party will continue to resort to what has worked in the past? Francisco Rocco, Los Angeles...

Author: /time Magazine | Title: Inbox | 11/6/2008 | See Source »

Last Week’s Record...

Author: By Loren Amor, CRIMSON STAFF WRITER | Title: AROUND THE IVIES: PA Key to Bears, Obama Victories | 11/6/2008 | See Source »

...chance. For all his cred as a maverick, McCain built that reputation on issues like tobacco, campaign finance, pork-barrel spending, immigration and torture, all of which were peripheral to the general-election debate. Meanwhile, on problems that worried voters most - the economy, health care, jobs - neither McCain's record in the past nor his proposals for the future were distinguishable from the standard Republican fare promoted by President Bush for the previous eight years. That McCain may have lost an unwinnable race won't stop Republicans or reporters from blaming him anyway. Much as Duberstein warned, some conservatives will...

Author: /time Magazine | Title: Looking Past Defeat: How Can McCain Recover? | 11/5/2008 | See Source »

...Still, it could have been worse. After eight ugly years of AIG, WMDs, Abu Ghraib, Enron, Blackwater, freedom fries, yellowcake, record deficits, Fannie and Freddie and Brownie, Mark Foley and Duke Cunningham and Tom DeLay, the Republican Party should qualify for a bailout. Retiring GOP Congressman Tom Davis memorably declared that if Republicans were a dog food, they'd be pulled off the shelves. Their usually well-funded candidates were badly outspent this cycle, but they've survived to fight for more kibble in the future. (See the screwups of Campaign...

Author: /time Magazine | Title: For the Republicans, It Could Have Been Worse | 11/5/2008 | See Source »

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