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...better in this respect. However, I wonder why there has been no one from Wall Street or the White House who would apologize to the American people or even to the global community for the horrible financial mess we are now facing - someone who would have the guts to stand up and say, "I am sorry for my mishandling, my misjudgment, my negligence." Wang Zhixue, Monterey Park, California...
...Career: • Moved to New York after graduating from college, where he reportedly worked briefly as nanny, sold marijuana on the side and performed stand-up at clubs • Was a guest star on Murder She Wrote (1989-1990) and many other TV shows and starred in a movie called Cannibal Women in the Avocado Jungle of Death (1989) • Made several appearances on the Tonight Show with Johnny Carson, his childhood hero (1986-1991) • Moved to Los Angeles in 1983 and got his first major TV role in 1985 with a spot on the sitcom Sara, starring Geena...
...tumult at the top of financial markets has not filtered down evenly, but that doesn't mean it's not seeping. There are cracks on Main Street, but whether or not you see them largely depends on where you stand. Just ask anyone who wants to buy a house with a subprime mortgage - they're not all evil, but these days they are exceedingly rare - or with a jumbo loan, which now carries an average rate 1.2 percentage points above a regular mortgage. (In normal times, the spread is closer to a quarter of a percentage point.) "Some people...
...experts are right, the nation now risks great financial hardship, because there was no one to stand up and explain the situation. The Dow Jones industrial average dropped 778 points on the news. Treasury Secretary Hank Paulson warned Monday afternoon that car loans and student loans were likely to tighten. Other economists have warned of the possibility of widespread corporate failures and unemployment, if the short-term credit markets freeze up. Bank failures, or mergers, are likely to continue. The taxpayer costs of federal insurance on deposits could increase...
...Many of the gatherings were packed to the door, and at the IOP—where the John F. Kennedy, Jr. Forum was filled to capacity—students dropping by late were met with locked doors. Freshmen crowded into the Wigglesworth common room, leaving little room even to stand. Upwards of 100 students gathered at the Student Organization Center at Hilles as part of an event put on by the Black Students Association. And, of course, dorm and House televisions across campus were tuned in. While this contest will be the first time that most undergraduates can vote...