contagion

Economy & Finance

Economy & Finance 27-Jun-08 Dow, Nasdaq drop as oil, banks drag NEW YORK (Reuters) - The Dow and the Nasdaq fell on Friday, as concerns about the impact of record oil prices on the economy and fears of more credit losses in the bank sector rattled investors, putting the Dow on the cusp of entering a bear market for the first time since 2001. Oil reaches $142 on view dollar will keep falling NEW YORK - Oil futures climbed briefly to a new record above $142 a barrel Friday on expectations t read

Fed aided Wall Street to avert "contagion"

The Federal Reserve was scrambling to prevent a "contagion" from infecting the nation's financial system when it took unprecedented actions to back a Bear Stearns rescue package and provide emergency loans to big Wall Street firms. read

Fed: Wall Street aided to avert "contagion"

The Federal Reserve was scrambling to prevent a "contagion" from infecting the nation's financial system when it took unprecedented actions to provide financial backing to a Bear Stearns rescue package and provide emergency loans to big Wall Street firms. The... read

Here's a fascinating example of the arbitrary nature of gender in the NYT. They have a feature on the vanishing tradition of "sworn virgins" in Albania as a custom wherein women lived as men. Pashe Keqi became a man when she was twenty years old after her father was murdered. She symbolically cut off her hair, took a vow of life long virginity, put on men's clothing and carried a gun. The only thing that changed about her were the outward signs of femininity. She transformed into the only man read

A trenchant defence of Liberty

Excellent piece by Jan Morris in yesterday's Guardian. Using the David Davis carry on as a springboard she comes to the defence of our Liberties with aplomb, Anyone can see that in Britain, 2008, individuality is being suppressed, so that year by year, generation by generation, the people are being bullied or brainwashed into docile conformity. What is more ominous is that so many want to be docile. They want to be supervised, cosseted, homogenised, obedient.... The so-called war on terror is read