Word: yorke
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...academics in the room tried to provide some historical perspective. Robert Engle, a finance professor at New York University, put up a chart showing how volatility has played out over the past 80 years. Two bulges were large enough to rival the amount of volatility we're seeing today, representing the stock market crashes of 1929 and 1987. The difference between the two: while the market quickly calmed down after 1987, it took years to regain a sense of normalcy after 1929. "We don't know if this is a '29 or '87 type of spike," Engle said...
...stock-market action was a microcosm: in Tokyo the Nikkei was down 9.6%; in Frankfurt the DAX - after dropping as much as 10% during the session - was down 5%; in São Paolo the Bovespa was down 6.35%. It was a global panic! Until things got to New York. The Dow and S&P both ended the day down about 3.5%. Big deal...
McCain, Cindy •unhappiness of with New York Times story about...
...York Times Magazine, The •chaos of McCain campaign is detailed...
...been working at the Weston, W.V., office of the Philadelphia-based firm, 1.2.1 Direct Response, for a few months to make money for school, mostly selling cable packages. (As it happens, Obama himself had done the same thing during one school year at Columbia University, selling New York Times subscriptions over the phone.) When she saw the anti-Obama script, which linked Obama to bombings at the Pentagon and the Capitol, it bothered...