Word: sankes
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Money Daily: Stocks sank again Thursday on renewed fears about corporate earnings; the Dow is down near the recent lows reached during the mini-crash on October 27. How much more damage will follow...
When the Army Times published a report six months ago on the increased number of waivers granted to otherwise ineligible people to be buried in Arlington National Cemetery, the story sank like a stone. Perhaps that's because it didn't have a p.r. campaign behind it like the one orchestrated last week by Insight magazine, owned by the conservative Washington Times newspaper...
...While disruptive in the short term, the firm's closure may ultimately pave the way for economic recovery in that country, which tends to prop up financial institutions that are saddled with debt. It was billions of dollars in illegal debt that ultimately sank Yamaichi Securities. If the Japanese government is willing to let it go under, it may signal a positive policy shift. And although the Tokyo stock exchange dropped 5 percent on the news, followed closely by drops in Hong Kong and South Korea, it seems Japan's economic woes are unlikely to spread worldwide. The National Association...
...Soros sank $10 million into the company, and his timing--as usual--was impeccable. In 1991 Argentina's battered economy turned around; an independent currency board has maintained a rock-solid one-to-one parity between the peso and the U.S. dollar, which in turn encouraged Soros to increase his investment; it totals around $250 million. Flush with cash, IRSA has been on a buying spree, investing in everything from a $50 million sports complex to major office buildings to $450 million worth of swank shopping malls. In the posh ski resort of San Carlos de Bariloche in the Andes...
...first nothing happened. My mood stayed bright. I slept. I concluded that I had a soul after all and that my moods weren't merely molecular. Then the inevitable slippage started. With plottable predictability, as if my brain were a slowly draining beaker, my sense of well-being sank and sank until I felt lower and darker than ever before. I went back to a doctor--a specialist this time--and asked flat out for Prozac, by then the subject of books and articles. One week later I felt fully restored and resigned myself to a humbling new self-image...