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...market, while the iconic Porsche logo on their steering wheel stares back at them. That's because the venerated Stuttgart sports-car manufacturer on Monday inflicted losses estimated to be as high as $38 billion on hedge funds, banks and other investors who had been short-selling Volkswagen stock. It was more than just patriotic fervor that got Germans cheering this week when shares in VW shot up to more than $1,276, making it, for a few minutes on Tuesday, the most valuable company in the world. It was plenty of schadenfreude, too, directed at these big foreign investor...

Author: /time Magazine | Title: Hedge Funds Shorting VW Stung By Porsche | 10/29/2008 | See Source »

Prior to Palin’s nomination, the town’s most recent claim to fame was that its Wal-Mart sold more duct tape than any Wal-Mart in the world in 2002, Howk said. (The Department of Homeland Security had issued a directive to stock up on duct tape and plastic sheeting to seal windows during chemical or biological attacks...

Author: By Aditi Balakrishna, CRIMSON STAFF WRITER | Title: Gov. TF from Wasilla Dishes on Palin | 10/28/2008 | See Source »

...Lookin' for a job." Wassup Dude #2, calling from a slightly inexplicable battlefield payphone, is "Still in Iraq. Watchin' my ass." Their uninsured buddy has an arm cast and neck brace and needs "money for painkillers." A four-eyed Dookie, still in front of the computer, is watching his stock portfolio tank; Intercom Guy, who shows up at the end of the first commercial with a six-pack of Budweiser, is clinging to the doorway in the teeth of a violent hurricane...

Author: /time Magazine | Title: The Wassup?! Dudes Return — For Politics | 10/28/2008 | See Source »

Indeed, there is a sense of deja vu in the proposals of the government and regulators to stabilize the financial system. On Monday, Prime Minister Taro Aso called for a drafting of emergency measures, such as purchasing stocks held by banks, limiting the short selling of stocks and increasing the amount of taxpayer money to be injected into banks from 2 trillion yen to 10 trillion yen - all reminiscent of Japan's 1990s meltdown. The government action appears to be focused on preempting losses caused by share prices. Declared Aso, "Stock prices greatly influence the real economy...

Author: /time Magazine | Title: Troubles Hit Morgan Stanley's Japanese Savior | 10/27/2008 | See Source »

...That’s like, really bad. Like, imagine if I got 37 pieces of candy on Halloween, and some kid named Eli got six pieces of candy. Oh man, I’d so get him. He’d be so done, just the laughing stock of every kid in school. Man, what a lame-zoid...

Author: By Walter E. Howell, CRIMSON STAFF WRITER | Title: WALLY'S WORLD: Time to Unleash Crimson Dragon | 10/27/2008 | See Source »

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