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Dow closes below 8,000 Nasdaq down 7 percent

Dow closes at 7,997.28Stocks fell hard on Wednesday as a selloff gained momentum near the close and the major indexes tumbled to 5-1/2 year lows.The Dow closed below 8,000 for the first time since March 2003 as investor confidence dried up amid ongoing worries about the economy and the

Touch and Go ...

Squeezing through ...U.S. stocks fell Tuesday, with the major indexes headed to their lowest close in more than five years, after a gauge of home building sank, erasing optimism that came as retailer Home Depot Inc. reported better-than-anticipated results."My personal bottom line is however the dream or nightmare ends,

Killers on the Road

Cape PointRiders on the storm | Riders on the storm | Into this house we're born | Into this world we're thrown | Like a dog without a bone | An actor out on loan | Riders on the stormEscaping the city for Cape Point early Saturday, I passed

AIG Execs Party On ...

The money pit ...Even as the company was pleading the federal government for another $40 billion dollars in loans, AIG sent top executives to a secret gathering at a luxury resort in Phoenix last week.Brian Ross investigates the insurance giant's "seminar" at a posh resort.Reporters for abc15.com (KNXV) caught

GM and Chrysler Chapter 7 Candidates

Bankrot ... Photo: Google ImagesAs GM and Chrysler idle plants and facilities, more employees are laid off the employee related liabilities of GM/Chrysler will increase by hundreds of millions. Since GM and Chrysler are insolvent, who will pay these increased costs? Can any of these costs be

The End of Kakistocracy

The End of KakistocracyOne way or another, South Africans understand your feelings on this one.Trust me.

Left Behind - Again

Obama's economic advisers have included former U.S. Federal Reserve Chairman Paul Volcker, University of Chicago economist Austan Goolsbee, former Clinton White House aides Jason Furman and Gene Sperling, and Clinton-era Treasury Secretaries Robert Rubin and Larry Summers. Speculation will now turn to the shape of Obama's Cabinet, with particularly

Fuck the Crackers

Thanks to Zo, Frank, and BrianYou do realize 60 million cretinous retards voted Palin—McCain?They're being divided into groups of two million and will be dispatched to rebuild countries their dumb arrogance destroyed.Thereafter, they'll be shipped to the DRC for a ceremonial genocide we'll swiftly erase from the records.Nah... for

Spider Bait

The Web of Debt ..."Secretary Paulson, out in the real economy, the unbridled pursuit of greed that you and your friends on Wall Street have celebrated as a national religion has taken a terrible toll on ordinary Americans. Jobs with stagnant real wages have now given way to massive

OBL?

The Rising ...The great farce of the GOP, which soon became the tragedy of the nation and the world, was to actually govern. They would have been so much better off to retain their natural role as carping cranks, spreading disinformation at every turn, making up scandals for

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