NEW YORK - The Dow Jones industrials have fallen below the 9,000 mark, hurt by a steep decline in shares of General Motors Corp. The blue chip index is extending its selling to a seventh straight day Thursday as investors grapple with worries about the credit markets and the economy. ...more

October 9, 2008

News that the Bush administration is considering taking ownership stakes in a number of U.S. banks helped restore a relative calm over global financial markets Thursday. ...more

October 9, 2008

I'm afraid that I will have to decline Jim Gries' generous offer to sit in his rocking chair and explain Social Security to his 3-year-old granddaughter. And I'm amused that Mr. Gries does not consider it "fear-mongering" to call the Social Security system a "weapon of monetary destruction (WMD)." Actually, although he says that his earlier letter was a recital of fact, there is nothing in any of his letters that backs up his hysterical attack on the Social Security system. ...more

August 15, 2008