Archive for September, 2008
House Defeats $700B Bailout
Dow Nasdaq S&P 500
The House on Monday defeated a $700 billion emergency rescue package, ignoring urgent pleas from President Bush and bipartisan congressional leaders to quickly bail out the staggering financial industry.
Stocks started plummeting on Wall Street even before the 228-205 vote to reject the bill was announced on the House floor.
29
09 2008
Naturalist Newsletter: Sep 29/ Bird Feast
JIM CONRAD’S NATURALIST NEWSLETTER
Written in Sabacché and issued from a “ciber” in
Tekit, Yucatán, MÉXICO
September 29, 2008
*****
BIRD FEAST, COURTESY OF ARMY ANTS
Last Monday our rainy-season drought came to an end;
suddenly the weather is exactly as it should be, most
mornings very humid and fairly cloudy, storms building
in the afternoons, a brief electrical storm around 4
PM, then drizzle on and off, sometimes heavy rains
coming out of nowhere in early evening. Saturday
morning after a night of showers as I returned from
jogging at dawn it was so cool — 74° F (23° C) –
that men were wearing their sweatshirts.
The Maya say that rains make the ants move, and that
seems to be the case. They’re referring to army ants,
which we’ve often seen before. Several army-ant
stories are linked to on my Mexican Insects page at
http://www.backyardnature.net/
So, Saturday morning as I was hiking out of town I
paused along the road to figure out why in that spot
several birds seemed to be hanging around. Then came
that too-familiar burning, stinging sensation down at
the feet: I was standing in a river of army ants.
29
09 2008
Online Ad Slowdown Looms
28
09 2008
Bank crisis overshadows defense in first debate
Bank crisis overshadows defense in first debate
Barack Obama and John McCain clashed sharply over tax cuts and congressional spending Friday night as they faced off in their first head-to-head debate.
27
09 2008
FDIC Seizes Washigton Mutual
The FDIC has seized control of Washigton Mutual (NYSE: WM) and struck a deal with JPMorgan (NYSE: JPM) to buy the bank’s deposits and branches. WaMu was the country’s largest savings and loan and its fall will be by far the largest bank failure in U.S. history.
Regulators said WaMu has suffered an exodus of $16.7 billion in deposits since Sept. 15th. The FDIC insurance fund is not expected to contribute any money in the deal.
JPMorgan Buys WaMu’s Deposits as Thrift Is Seized by Regulators
Bloomberg -
25 (Bloomberg) — JPMorgan Chase & Co., the third- biggest US bank by assets, agreed to acquire the deposits of Washington Mutual Inc. as the thrift was …
