US stock markets tumble on ‘Black Monday’ anniversary

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US stock markets tumble on ‘Black Monday’ anniversary

Saturday, October 20, 2007

This article features in a News Brief from Audio Wikinews:

Some say history tends to repeat itself. Today marked a day in history, when 20 years ago, the United States Dow Jones Industrial Average market crashed, on what is known as ‘Black Monday‘. The crash sent the market tumbling down 508 points, losing nearly 24%. On Friday, the Dow Jones nearly broke that record when the market closed at -366.94 points, down almost three percent.

Several factors could be to blame for the loss, one being Turkey’s government approving a measure on October 18 to send Turkish troops into Iraq in an attempt to take out militants of the Kurdistan Workers Party (PKK). This sent oil prices skyrocketing to the highest prices in history, with the highest record being just over US$89.00, which was set on October 18.

Fears that the housing market in the U.S. has come to a standstill has also lead Caterpillar Inc., which manufactures and sells construction equipment to issue a warning that the standstill would cause profits to drop, and the American economy to be severely hurt. On Friday their stocks lost nearly six percent to close at $73.57.

Investors and experts of the markets are disturbed by the losses calling the situation ugly.

“It’s pretty ugly. A company like Caterpillar should be a poster child for global growth and benefits of the weak dollar. It makes you question: Is global growth really that strong? Has the earnings kick from the weak dollar played itself out?” said Bell Curve Trading chief strategy expert, Bill Strazzullo.

Others believe that the losses were a way of emotionally responding to the events of ‘Black Monday.’

“Some of the earnings reports were a little disappointing but not that bad. I think we’re responding emotionally to the 20th anniversary of the October 1987 stock market crash. I’d like to laugh except it hurts,” said T Rowe Price Head trader, Andy Brooks.

The NASDAQ also took heavy losses to close down 74.15 points or -2.64%, closing at 2,725.16. The S&P 500 was also hit hard, losing 39.45 points, or -2.56%, closing at 1,500.63.

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  • Costa Rica Ocean Front Real Estate Deliver Considering Your Familiar

    Submitted by: Kudausa Kudausa

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    Category:Health

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    Category:Health

    This is the category for Health.

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    2008 COMPUTEX Taipei: Three awards, One target

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    2008 COMPUTEX Taipei: Three awards, One target
    Posted in Uncategorized | August 1st, 2022

    Monday, June 23, 2008

    2008 COMPUTEX Taipei, the largest trade fair since its inception in 1982, featured several seminars and forums, expansions on show spaces to TWTC Nangang, great transformations for theme pavilions, and WiMAX Taipei Expo, mainly promoted by Taipei Computer Association (TCA). Besides of ICT industry, “design” progressively became the critical factor for the future of the other industries. To promote innovative “Made In Taiwan” products, pavilions from “Best Choice of COMPUTEX”, “Taiwan Excellence Awards”, and newly-set “Design and Innovation (d & i) Award of COMPUTEX”, demonstrated the power of Taiwan’s designs in 2008 COMPUTEX Taipei.

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    Two Reasons To See A Podiatrist In Kenosha, Wi

    Posted in Hyperhidrosis Surgery | July 31st, 2022

    February, 2017 byadmin

    Foot and ankle problems happen for a wide range of reasons such as chronic medical conditions or injuries. Medical conditions include arthritis and diabetes while an injury may happen at any time. In fact, simple overuse or poorly-fitted shoes can cause serious problems not just with your feet but also with your lower back. You are likely to get a speedier diagnosis and treatment recommendations from a podiatrist. These professionals provide a wide range of medical care for issues of the foot, ankle, and lower leg. With their help, you can get swift diagnosis, treatment, and even surgery, depending on your needs.

    Regular Running

    Runners are particularly prone to aches and pains, such as shin splints. A podiatrist in Kenosha, WI can assess your body and feet to catch potential problems and recommend strategies to help prevent them from occurring. He or she can also recommend the best type of athletic shoe for your foot, which can dramatically improve your posture and footing while running. The right shoes can balance your feet and promote lower levels of pain as you increase your running habit.Your Kenosha podiatrist will work through the options with you and help you make the best decisions for your needs.

    Joint Pain

    Arthritis is one of the most common conditions affecting Americans today. If you begin to notice swelling, redness, stiffness, or tenderness when moving your feet, you may need to see a podiatrist. Arthritis can change the way the feet function and lead to lasting disability, but a professional can suggest gentle and cost-effective treatments that may preserve joint health and make it easier for you to enjoy day-to-day activities. Arthritis may not be something you can avoid but it can be easier to handle with the help of the right professional.

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    Mozilla Foundation rolls out second security update for Firefox browser

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    Mozilla Foundation rolls out second security update for Firefox browser
    Posted in Uncategorized | July 31st, 2022

    Saturday, March 26, 2005

    The Mozilla Foundation released the second major security update this week for their flagship browser Firefox. The fix patches a serious flaw in the way Firefox handles animated GIF image files. Firefox browsers infected by malicious code could experience a buffer overflow, temporarily locking up or “freezing” a user’s computer, or even executing arbitrary code which could take over a user’s computer.

    The flaw was discovered and reported by Internet Security Systems, Inc. The upgrade was the second major security fix in less than a month for the browser, which has grown in popularity to ten percent of the browser market in the United States.

    Although there were no known exploits of the bug, Chris Hoffman, director of engineering at Mozilla, told reporters, “[because] Mozilla is committed to delivering the most secure product possible, we decided to quickly issue an update to patch the bug.”

    The Mozilla Foundation did not offer any details about the issue of vulnerability, but a second major security overhaul in such a short time underscores challenges faced by the nonprofit foundation as it goes head-to-head with the market leading Internet Explorer browser by Microsoft.

    The new release, Firefox version 1.0.2, “illustrates the dedication of the strong community of developers working on the product,” according to Hoffman. “…we’re able to turn around patches much faster than a traditional corporation,” he added.

    Users can download the update at no charge, and can find additional information at the Mozilla website.

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    Chancellor Rishi Sunak announces UK budget 2021

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    Chancellor Rishi Sunak announces UK budget 2021
    Posted in Uncategorized | July 31st, 2022

    Friday, March 5, 2021

    Chancellor of the Exchequer Rishi Sunak announced the UK’s 2021 budget on Wednesday in the House of Commons. This comes amid significant damage to the country’s economy from the COVID-19 pandemic, in which over 700 thousand people have lost their jobs, with the economy shrinking by 10%.

    Sunak announced an extension of the furlough scheme, which had been paying employees who could not work due to the pandemic 80% of their wages. He said it would be extended until September. The scheme also mentioned firms would have to pay 10% of this in July, and 20% in the months of August and September as the scheme ends. It was also announced that support for self-employed people would continue, with another grant for between February and April.

    Other support for workers included the minimum wage increasing to £8.91/hour from April, and an existing £20 weekly increase in Universal Credit being extended through September.

    Sunak also announced some changes to taxation in the country, with corporation tax rising to 25% in April 2023. Sunak said that this would be the lowest rate in the G7, and that businesses would only be taxed if they made profits of over £250 thousand, which is only 10% of companies. Companies with profits of less than £50 thousand will continue to pay 19% corporation tax. Sunak said that income tax, national insurance, and VAT would not change in this budget with alcohol and fuel duty continuing to be frozen.

    For hospitality firms, VAT will continue to be frozen at a reduced rate of five percent. The contactless payment limit will be increased from £45 to £100 this year. New freeports were also announced in locations at East Midlands Airport; Felixstowe and Harwich; Humber; Liverpool City Region; Plymouth; Solent; and Thames and Teesside. These would allow reduced customs costs, and encourages investment.

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    “Woofstock” dog festival in Toronto, Ontario, Canada

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    “Woofstock” dog festival in Toronto, Ontario, Canada
    Posted in Uncategorized | July 30th, 2022

    Tuesday, June 12, 2007

    North America’s largest outdoor dog festival came back to Toronto last weekend for its fifth year. It ran from the 9th of June to the 10th of June at Toronto’s historical St. Lawrence Market. A Wikinews reporter was there on Sunday to report on some of the events that happened on the last day.

    The “Woofstock” dog festival attracted as many as 140,000 people with their dogs. The festival had tons of accessories, sold under tents, to buy for dogs; food, toys, designer clothes, and more. About 400 vendors and exhibitors were there to promote their products, which also gave private dog companies or groups a chance to show their new products. The local SPCA and some animal rescues were under tents answering questions from visitors. While walking, all visitors could see the CN Tower and other very tall buildings.

    One of the local TV stations, Citytv, was there. They hosted a live event at the show which was broadcast on TV. People came up on the stage and asked questions regarding their dogs and the host and co-host answered them.

    A man, who called himself the “Chalk Master”, drew two pictures on pavement with chalk. He did it for free but donations were welcome. One was a picture of a girl’s head beside a dog’s head, and another with a wolf.

    “Hello Humans. I’ve been invited here to provide your eyeball(s), with some pretty colours. I don’t get paid as I work this weekend strictly for tips… so, if you like what you see please make a DONATION. If you don’t like it simply reach into the pocket of the person next to you and give me their money. CHALK MASTER.”

    A contest called “Canada’s top dog” had its own tent with a professional photographer taking pictures of dogs behind a white screen; the winning photo is to be published on the cover of “Puppy and dog basics” magazine.

    Large “Gourmet” dog bones were also served from a cart and table.

    Next year’s festival is expected to be bigger and better with even more attractions.

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    With Bad Credit Loans Now Imperfect Credit Score Is No More A Hurdle

    Posted in Insurance | July 27th, 2022

    By Sean A. Kelly

    With bad credit loans, you can get the best option in loans in spite of a bad credit rating, but just spend a little time in comparing what various lenders are offering. Bad credit home loans have become a good option for those who suffer from bad credit, but want to refinance their mortgage or go in for a new home equity loan. Here’s how it works: the mortgage loans themselves are structured in such a way that it helps these bad credit home loan borrowers to do a quick debt consolidation with affordable monthly payments. This generally does away with the need to produce a clean credit record. Many people think that it is impossible to get a home loan with a bad credit history unless one can afford to pay exorbitant interest rates. But there is a way out in the form of bad credit home loans or mortgage loans. With your house as collateral your home loan application has bright chances of approval for a mortgage. Bad credit home loans are meant for those people who have a history of bad credit, but still want to buy a house of their own. Millions of Americans with poor credit are heading for bad credit home loans. They all dream of possessing their own home with the help of bad credit loans.

    [youtube]http://www.youtube.com/watch?v=r2_hFTYz19Q[/youtube]

    You are certainly not alone if you have experienced financial difficulties at some point in your life. This could cover anything from missing a credit card repayment to filing for bankruptcy. Unfortunately, this will almost certainly affect your ability to access a competitive mortgage deal. In fact since the credit crunch hit the US mortgage market, any black spots on your financial history could prevent you from finding a mortgage full stop. Bad credit mortgage (also known as impaired credit, or sub-prime mortgages) have, until recently, been widely available to US borrowers. In recent years many lenders decided to offer special mortgages to those classed as sub-prime borrowers (typically at a higher rate than standard deals). This included anyone who had ever been declared bankrupt, who had fallen into arrears on a mortgage or who had suffered other debt problems in the past. Bad credit mortgages were also available to those with County Court Judgments (CCJs). Non-conforming, sub-prime or bad credit mortgages are becoming common in today’s mortgage environment and many of the mortgage lenders are now offering very competitive mortgage products to cater for this growing market. Take the expert advisers that will take you through the steps to repair and improve your bad credit rating and will support you through the bad credit mortgage process providing you with first-class, independent mortgage advice on all the options available, whatever your situation; first-time buyer, home mover, remortgaging, buy-to-let or right to buy.

    Did you always hope, wish, and pray about being eligible for bad credit home loans? It is important to remember that just one late payment that you would have made years ago could leave your credit score in a bad position. This can come in the way of your new home and you. Everyone hopes to have a beautiful home. But little faults on your part can become very annoying in the future. You need to take the advantage of bad credit loan programs that are easily available through specialist dealers. Bad credit home loans are those loans that are given to people who have a history of debts. The rate of interest on these bad credit home loans is generally higher than that on the conventional loans. And if the borrowers fail in regular payments of their bills, the interest rate may go up even more. Do not allow poor credit scores to handicap you, search online for bad credit loan programs and rest be assured to open a new world of bad credit loans.

    About the Author:

    bad credit loansbad credit mortgagebad credit loan programs

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    MMS comes to American iPhones

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    MMS comes to American iPhones
    Posted in Uncategorized | July 24th, 2022

    Friday, September 25, 2009

    Today, after two years of waiting, American iPhone users are finally able to send and receive MMS messages. This long awaited feature has caused Apple and AT&T a great deal of grief from its user base. Originally the grief was directed at Apple for the lack of inclusion on the device, but as time progressed AT&T was faulted for lack of support.

    When the iPhone was released in June of 2007, it lacked one feature that was widely available on other devices: MMS or Multimedia Messaging Service. This standard, similar to the all text SMS standard, allows users to send and receive video, audio, and picture files on their mobile phones. MMS was launched in 2002 and by 2007 was a common feature on most new mobile phones. It was not until June 2009, with the release of iPhone OS 3.0, that the devices also had the capability to send and receive these multimedia messages. Unfortunately for American iPhone users, all of whom use AT&T because of an exclusive agreement between the phone company and Apple, AT&T did not allow iPhone users to use this feature; that changed today.

    Current iPhone users simply need to update (from iTunes) and reboot their device in order to enable MMS. AT&T was originally concerned about not having the network capacity to handle the data demand of all the MMS messages and in Wikinews’ own testing this seems to be a valid issue. The ability to send and receive MMS messages was functional, but by midday Friday (PST), AT&T’s network was extremely slow, with messages taking in excess of two minutes to send. Tests over AT&T’s 3G network showed upload and download speeds nearly halved what they were just a few days prior.

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