The stock market is finishing its worst day since the financial crisis.
The Dow Jones industrial average plunged more than 500 points Thursday. Investors are concerned that the U.S. economy will enter another recession and that Europe's debt problems are not closed to being solved.
Major stock indexes fell more than 4 percent.
The Dow is closing with a loss of 513 points, or 4.3 percent, to 11,384.
The S&P 500 is down 60, or 4.8 percent, to 1,200. The Nasdaq is down 137, or 5.1 percent, to 2,556.
Earlier this week, the online gossip site Gawker reported that Newt Gingrich — a candidate for the GOP presidential nomination — may have paid to get most of the 1.3 million followers of his Twitter account.
Gingrich's campaign has denied the accusation. But on Twitter, numbers are essential — the more you have the better.
Ticks may be most notorious for spreading Lyme disease, but the tiny arachnids pass around plenty of other nasty diseases. Now they've got a new sickening hitchhiker to boast about — a just-discovered species of the ehrlichia bacterium that's making people ill in the Upper Midwest.
Is Budweiser puttin' on the Ritz? The self-crowned King of Beers will soon be sold in a newly designed can — one whose graphics are dominated by a bow tie. And the can's new look was created by a London-based design firm.
Japan is firing three top nuclear energy officials, nearly five months after the country suffered the worst nuclear disaster since the Chernobyl accident of 1986. And Banri Kaieda, the industry minister in charge of energy policy, said that he will resign as soon as he replaces the officials.
"I'm planning to breathe fresh air into the ministry with a large-scale reshuffle," Kaieda said at a news conference. "I'll have new people rebuild the ministry."
Antidepressants have become some of the most commonly used drugs in the United States, yet most of them aren't prescribed by psychiatrists.
And what's more, almost three-quarters of the prescriptions are written without a specific diagnosis, according to a new study, raising the question of whether antidepressants are being prescribed too often.
Fifty years after it was brought back from extinction, a Southern flower has taken another step toward survival, as the U.S. Fish and Wildlife Service plans to take it off its Threatened and Endangered Species list.
The Tennessee purple coneflower is only the fifth plant ever to be removed from the list due to recovery. The move, announced Wednesday, will become official on Sept. 2.
The trial of former Egyptian President Hosni Mubarak, who had served longer than any other ruler of Egypt in modern times, began Wednesday in Cairo. He is charged with ordering the killings of hundreds of protesters, and could receive the death penalty if convicted.
Host Michel Martin speaks with young Egyptian activist Wessam el-Deweny about seeing the once mighty Mubarak wheeled into the courtroom in a cage.
Host Michel Martin and Al Jazeera International's Aberrahim Foukara discuss the charges former Egyptian President Mubarak is facing, and what his trial means for the governmental transition in Egypt and the wider Arab Spring.
At one point this morning, the Dow Jones industrial was down 350 points, mirroring the drop in Standard & Poor's and most stock markets in Europe. As the Los Angeles Times puts it, today the market came down from yesterday's U.S.
There are two main issues dividing Republicans and Democrats, and the House and Senate, from reaching agreement on reauthorizing funding for the Federal Aviation Administration: a policy on forming unions and subsidized flights at smaller regional airports.
Originally published on Thu August 4, 2011 8:08 am
During the early morning hours, Japan sold yen and bought dollars in order to stop the yen from strengthening. Dow Jones estimates that Japan may have spent as much as $20 billion to $30 billion in the transactions, pushing the yen 3.8 percent lower against the dollar.
Jay Cost is a staff writer for The Weekly Standard.
Froma Harrop wrote a column this week, arguing that Democrats should primary Obama:
"Ed Rendell, do you have plans for 2012? Hillary Clinton? If you, the former Democratic governor of Pennsylvania, or you, the secretary of state, are free next year and wouldn't mind, would you please launch a primary challenge against President Obama?"
Politics in Turkey have just undergone a profound shift.
For decades, Turkey's military leaders repeatedly launched coups and other interventions to bring about an end to civilian governments they felt were straying too far from the country's secular traditions.
But with the resignations last week of the top Turkish commanders — including the chiefs of staff of each service branch — civilian authorities have, for the first time in the nation's history, clearly gained the upper hand.
The Muscular Dystrophy Association announced last night that comedian Jerry Lewis will no longer serve as the organization's chairman, nor as the host of its annual Labor Day telethon. Lewis has hosted the telethons since 1966.
Over the last four years of the Mexican drug war, the country's northern border has become one of the most violent parts of the country. Yet recently that same part of Mexico has been booming economically.
The duty-free maquiladora assembly plants along the border are rapidly adding jobs, and exports to the United States are reaching record levels.
Let's say you're the mayor. It's your city, it's where you wake up. But are you thinking about Washington each morning, or do you zip out of the house in your mayor's outfit with your smartphone, and see what you can get done yourself?
If you're Wayne Seybold, the mayor of Marion, Ind., it's a bit of both.
The 47-year-old Republican is now in his second term. His city, in north-central Indiana, is home to 30,000 people who've been though a tough economy.
Bringing the 1996 Summer Olympic Games to Atlanta was a long shot. Athens, Greece was the sentimental favorite to host the centennial games, and tension was palpable as IOC President Juan Antonio Samaranch made the announcement back on September 18, 1990.
"The International Olympic Committee has awarded the 1996 Olympic Games to the city of ... Atlanta," Samaranch revealed.