Word: tuesday
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...Tuesday night in the Lundholm Gymnasium, the Harvard women’s volleyball team pulled out a clutch performance to beat the University of New Hampshire, 3-2. “We wanted to be tough heading into this game,” sophomore Mikaelle Cormie said. “New Hampshire ran offense inside-out so we worked hard to set a strong solid block and our block allowed us to play really good defense. "Our strong block is really disturbing to their hitters and took them out of their game and helped push the energy in our favor...
Japan's Nikkei and Hong Kong's Hang Seng indexes fell by 5% or more in overnight trading before ending Tuesday down 4.1% and .85 respectively; exchanges in London, Paris and Frankfurt all opened slumping before winding up 1.7%, .4%, and 2% ahead. Compare that with Monday's 7% drop the Dow Jones and 9.1% slide on the Nasdaq...
Timing made a difference between market reactions in Asia and Europe on Tuesday. While the Nikkei and Hang Seng rallied to 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...
...Tuesday's less than catastrophic showing in Asia and Europe does not mean traders there are ignoring the potential disaster of a collapsing U.S. financial system. But there was in many foreign markets a confidence - perhaps unfounded - that U.S. legislators will eventually realize they have no choice but to pass a bill to avoid economic disaster...
...Tuesday, France, Belgium and Luxembourg said they'd pump $9.2 billion into troubled bank Dexia after news of its U.S.-linked losses sent its share price falling 30%. That followed Sunday's announcement that Fortis, the Dutch-Belgian insurance and banking giant, had been partially nationalized through a $16.4 billion injection from the three Benelux governments, each of which will acquire a 49% stake in operations in their respective countries. In Britain, meanwhile, the government announced this week it had taken control of problem mortgages from Bradford & Bingley, Britain's second biggest mortgage lender. Despite those moves amid the spreading...