Ugly Up to 20 beached whales moved to deeper water off Florida
Wall Street watched Washington with shock and fear as the bailout package flamed out on Capital Hill. And as that $700 billion financial rescue plan went down, the Dow went down like a sub, hurtling the Dow Jones industrials down nearly 780 points in its largest one-day point drop ever, reports CBS News correspondent Anthony Mason. Nobody could believe it, said Ted Weisberg of Seaport Securities. The fact that it did not get done is just mind-boggling. The result on Wall Street was a history-making 777-point nosedive. The Nasdaq plunged almost 10 percent. Wall Street is of the view something needs to be done, said Steve Masocca of Pacific Growth. Investors are of the view something needs to be done. And it didn t get done. The financial crisis, meanwhile, continued to spread. Wachovia, burdened with bad mortgage loans, averted disaster
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stanley cups uk ay. Overseas economies also felt the reverberations, Mason reports. The British government had to seize a distressed mortgage bank. And the Belgian-Dutch bank, Fortis, was rescued in a $16 billion bailout. The clock is ticking, said economist Mark Zandi. We need to have some relief very rapidly. Zandi says the credit markets are still frozen,
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Sweet gingerbread cottages have not
stanley cup hing on these sugary architectural marvels. Caitlin Levin and Henry Hargreaves recreate iconic museums and art galleries in gingerbread, licorice, cotton candy, and chocolate. The pair created these morsel models for a Dylan Candy Bar display at Art Basel Miami. In addition to the Guggenheim Museum above and the Karuizawa Gallery below, they ;ve taken on candified versions of the Louvre, Museum Aan de Stroom, the MAXXI 鈥?National Museum of the 21st Century Arts, Museo Soumaya, and the Tate Modern. You can see the photos on Hargreaves ; site and Facebook page. Gingerbread
stanley cups uk and Candy Art Galleries [Henry Hargreaves via Inhabitat]
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