Word: tuesday
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...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 firms whose acquisition of German companies in the past has resulted in thousands of Germans losing their jobs...
Seventy-nine years ago this week, the New York Stock Exchange experienced the worst financial panic the country had ever seen. There have been more crashes since - with bigger numbers and bigger losses - but nothing quite rivals the terror and devastation of Black Tuesday: October...
...story goes, the opening bell was never heard on Black Tuesday because the shouts of "Sell! Sell! Sell!" drowned it out. In the first thirty minutes, 3 million shares changed hands and with them, another $2 million disappeared into thin air. Phone lines clogged. The volume of Western Union telegrams traveling across the country tripled. The ticker tape ran so far behind the actual transactions that some traders simply let it run out. Trades happened so quickly that although people knew they were losing money, they didn't know how much. Rumors of investors jumping out of buildings spread through...
...October here and hammering Obama as Barack the Redistributionist, an old-fashioned tax-and-spend liberal who wants to "spread the wealth around" and can't be trusted on national security. McCain was back in Pennsylvania earlier this week, while Palin arrived for a series of appearances on Tuesday. Both are likely to visit again before Election Day. "It's wonderful to fool the pundits, because we're going to win in Pennsylvania," McCain told supporters in Hershey on Tuesday...
...mission that, if fully staffed, would supercede that in the D.R.C. as the biggest in the world. "The concept is focused on mass atrocity crimes," says Gareth Evans, who heads global-conflict watchdog the International Crisis Group and who launched a book, Responsibility to Protect, in Washington on Tuesday. "The whole point is to develop an international reflex response that goes, 'Of course we have to do something. Let's figure out what...