Word: watch
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...account for the pain. Financial companies, the bêtes noires of the global economy, were at it again, led by Morgan Stanley, off 22% after speculation about the status of planned investment. Or perhaps the trigger was General Motors, down 31% in the wake of being put on watch for a possible credit-rating downgrade, signaling that the broader economy is on much shakier ground than everyone thought. Or could it even have been the much vilified short-sellers of financial stocks, back in the market after a 14-day ban expired Wednesday at midnight...
VIDEO AT TIME.COM To watch a video interview with Lance Armstrong and to subscribe to the 10 Questions podcast on iTunes, go to time.com/10questions
...more than if I lived in the suburbs. I go to the movie theater, the restaurants, the Barnes & Noble. It's free to people-watch. If anything, I have to worry about gaining weight from the Cheesecake Factory...
...Format fatigue only helped Obama, because the town-hall-style debate doesn't feel dangerous anymore. No one is going to be caught checking his watch. No one will take the stage without memorizing the price of a gallon of milk and a gallon of gas. And because the campaigns ultimately set the rules, no audience member will be allowed to ask a question that hasn't been screened by some higher authority...
...drop since the global stock market crash of October 1987. Hong Kong's benchmark Hang Seng index fell 8.2%, while Seoul's Kospi dropped 5.8%. Indonesia shut down its stock market after shares plunged more than 10%. It is unclear when trading will resume. "We need to watch further before we can open," Erry Firmansyah, the exchange's president, told reporters...