Many investors are probably about ready for this week to end. It's been a cardiac-inducing one that set a record yesterday: For the first time in history the markets swayed more than 400 points four days in a row.
Animal imagery has been used since the early 18th century to describe human behavior on Wall Street, says Charles R. Geisst, a professor of finance at Manhattan College and author of Wall Street: A History.
Imagine you're a kid — maybe 10-years-old. And you're at a Dodgers game sitting in a prime spot, behind home plate, close enough to hear the grunts of the umpire as deals verdicts on balls and strikes.
Then you hear the crack of a bat, you look up and there it is, your shot at a Major League foul ball. It lands near you, you scramble, you've got it. You're so happy, you jump to your seat clutching a ball that barely fits in your fist.
They traded attacks and insults, argued about war funding, and disparaged the man in the White House whose job they want.
The two-hour, eight-candidate Republican presidential debate Thursday in Iowa, coming just days before the state party's presidential straw poll and in the midst of a national financial crisis, had the potential to matter — to elevate or, perhaps, eliminate a contender or two.
The United States Postal Service, which has been facing tough financial times, is proposing to cut 20 percent of its workforce and moving its retired workers out of federal health and retirement programs.
The Scrapbook is a special section from The Weekly Standard.
While the New York Times can barely conceal its glee at the phone-hacking scandal embroiling the rival Murdoch empire, The Scrapbook confesses to a certain schadenfreude of its own at the Gray Lady's latest embarrassment. The Times's slanted coverage of the natural gas industry continues to generate radioactive fallout.