DEVELOPING: According to IFR, a sister publication of Reuters, the social networking website Facebook will file for an initial public offering of $5 billion on Wednesday.
life:
On Aug. 8, 2011, the American stock market recorded its worst loss — plunging 635 points — since December 2008, fueling widespread fears of another economic meltdown. As Wall Street continues to wobble in the wake of Standard & Poor’s historic downgrade of the U.S. credit rating on Aug. 5, LIFE.com takes a look at scenes during the country’s last great economic calamity, the Great Depression.
see more — Hard Times: Life in the Depression
Cue photos of depressed brokers in 3-2-1…
“Sources familiar to the discussions with S&P say there was a $2trillion mistake in S&P’s original analysis…”
8/5/11 10:07 PM
Remembering the 2008 @nydailynews stock market crash front page - @nelsonpoynter
Happy Birthday Mr. President…
The Daily Show
In the words of Joe Biden: “This is a Big F**kin’ Deal”
ProPublica has a nice breakdown of what exactly is going on with the United States economy right now. - via kileyrae
“Anyone have any Beck seeds? A Beckpack?” - @GottaLaff
“Dow now at its lows for the day. Down 450. CNBC going til the 4pm close without commercials.”
8/4/11 3:31 PM
“The Dow has effectively lost its gains for the entire year.” - MSNBC
Socialist President continues his destruction of America: Dow ends the week at nearly 3-year high. - CNN
He addresses the nation and the next day, look at what happens! OBAMA IS RUINING AMERICA!! DAMN SOCIALIST!
Fox’s Market Bull
The Market is down - Obama’s fault.
The Market is up - In spite of Obama.
Fox is so transparent. Amazing how many buy into their nonsense.
Day after financial reform bill signed the market does this?
Oooh socialism
