Word: turnings
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...huge stock-market losses on Thursday - a 7.3% drop in the Dow Industrials, a 7.6% decline in the S&P 500 - were just the latest in a string of traumas for investors already afraid to open brokerage statements or turn on cable TV for fear of what the news might bring. It was the seventh straight day of declines for the Dow, driving the group of blue-chip stocks below 8,600, a level not broached in five years. Since the market's high - ironically enough, exactly a year ago - the Dow has shed nearly...
...making compost from my lawn clippings and household refuse. I have planted some 300 trees. I've replaced all my light bulbs with energy-saving bulbs. I conserve water and electricity by boiling the kettle only three times a day, keeping the hot water in a vacuum flask. I turn the hot-water heater on only to heat water for a shower. In doing all this, I tell myself I am helping to solve the world's environmental problems. But this will never be enough so long as overpopulation continues. While I say bravo to all your environmental heroes...
...leading the bailout, is a former Goldman Sachs CEO, and mega-investor Warren Buffet, who called the bailout "the right thing" for Congress to do, had just bought a huge stake in Goldman Sachs. These are clear signs that the big money-men are likely to turn the bailout to their own profit. Banks and firms that bet on paper securities not backed by real assets should be left to die on their own swords. Sivaswamy Mohanakrishnan, Auckland...
There may also be political reasons for this unexpected turn. When the crisis intensified in mid-September, Washington acted quickly. There was a Treasury Secretary to devise and present a rescue plan, and a Congress - after an initial case of the vapors - to act on it. But there is no Hank Paulson in Europe, nor a precise counterpart to Federal Reserve Chairman Ben Bernanke. Jean-Claude Trichet heads the European Central Bank, but it cannot play the lender of last resort, as the Fed did on Sept. 16 by loaning $85 billion to prop up the U.S. insurance giant...
RockNRolla Written and directed by Guy Ritchie; rated R; out now As Anglo meanies battling Russian toughs over a real estate deal, Gerard Butler is the star, Tom Wilkinson has the star turn, and Mark Strong steals the show. Fans of early Ritchie (Lock, Stock and Two Smoking Barrels; Snatch) won't find a lot new in Mr. Madonna's latest dredging of the London underworld, but it has the same high quotient of rude...