Archive
Your Black World Headlines: 10/01/2008
Black & Brown Communities Overwhelmingly Opposed Bailout
4 Students At George Fox Univ. Confess To Obama Effigy
Feds Settle Discrimination Case With Predatory Alabama Bank
Shot NFL Player Richard Collier Paralyzed Below Waist, One Leg Amputated
Janet Jackson Released From Hospital — Will Resume Tour Saturday
Oprah Winfrey’s Mom Countersues Store For Its $156K Bill — Claims Ignorance
Your Black Politics: Rep. Sheila Jackson Lee Stands Up To The Madness
Rep. Sheila Jackson Lee, representing the 18th congressional district of Texas, says no to the financial bailout deal. Amongst other things, she cites the ambiguous help (if any) offered to homeowners who lost their homes – or happen to be on the verge of losing it – as a reason to remain firmly opposed to the deal:
Your Black News: House Repubs Finally ‘Grow A Pair’ — Bailout Deal Fails
The House on Monday defeated a $700 billion emergency rescue package, ignoring urgent pleas from President Bush and bipartisan congressional leaders to quickly bail out the staggering financial industry.
Stocks plummeted on Wall Street even before the 228-205 vote to reject the bill was announced on the House floor.
When the critical vote was tallied, too few members of the House were willing to support the unpopular measure with elections just five weeks away. Ample no votes came from both the Democratic and Republican sides of the aisle.
Bush and a host of leading congressional figures had implored the lawmakers to pass the legislation despite howls of protest from their constituents back home.
The vote had been preceded by unusually aggressive White House lobbying, and spokesman Tony Fratto said that Bush had used a “call list” of people he wanted to persuade to vote yes as late as just a short time before the vote…
Biggest One Day Declines In Stock Market History
So far today (10/6), the Dow Jones Industrial Average has lost over 600 points. What are some of the largest losses in history?
Rank ↓ Date ↓ Close ↓ Net Change ↓ % Change ↓
1 September 29, 2008 10,365.45 -777.68 -6.98
2 September 17, 2001 8,920.70 -684.81 -7.13
3 April 14, 2000 10,305.78 -617.77 -5.66
4 October 27, 1997 7,161.14 -554.26 -7.18
5 August 31, 1998 7,539.06 -512.62 -6.37
6 October 19, 1987 1,738.74 -508.00 -22.61
7 September 15, 2008 10,917.51 -504.48 -4.42
8 September 17, 2008 10,609.66 -449.36 -4.06
9 March 12, 2001 10,208.25 -436.37 -4.10
10 February 27, 2007 12,216.24 -416.02 -3.29
11 June 6, 2008 12,209.81 -394.64 -3.13
12 July 19, 2002 8,019.26 -390.23 -4.64
13 August 9, 2007 13,270.68 -387.18 -2.83
14 September 20, 2001 8,376.21 -382.92 -4.37
15 October 12, 2000 10,034.58 -379.21 -3.64
16 March 7, 2000 9,796.04 -374.47 -3.68
17 September 22, 2008 11,015.69 -372.75 -3.27
18 February 5, 2008 12,265.13 -370.03 -2.93
19 October 19, 2007 13,522.02 -366.94 -2.64
20 November 1, 2007 13,567.87 -362.14 -2.60