credit crisis
October 16, 2008 - 11:00pm
By Emily Cohn
With the Board of Trustees convening in Ithaca this weekend for their annual meeting, The Sun sat down with Stephen Ashley ’62, MBA ’64 to discuss his role as co-chair of the $4 billion capital campaign. Ashley is currently the chairman and CEO of The Ashley Group, a collection of real estate, brokerage and investment companies. In September, Ashley resigned as chairman of the mortgage giant Fannie Mae, after the government-sponsored enterprise was placed into conservatorship by the U.S. Treasury.
The Sun: The Capital Campaign has raised an impressive $2.29 billion to date. How would you describe your role with the campaign as co-chair?
October 15, 2008 - 11:00pm
Through all the criticism and the tanking poll numbers, McCain has demonstrated a determination to, in the words of the Rawhide theme, “keep moving moving moving — though they’re disapproving.” Yet given his admission last night that he had taken time out of campaigning this Sunday to watch the Arizona Cardinals and the Dallas Cowboys play football, we wonder if McCain might find more affinity with another line from the song: “All the things I’m missing: good vittles, love and kissing, are waiting at the end of my ride.”
October 15, 2008 - 1:47pm
By The Associated Press
Retail sales fell off a cliff in September, plunging by the largest amount in three years as worried consumers shunned the malls and auto showrooms in the midst of the country's financial meltdown.
October 14, 2008 - 11:00pm
By Laura Temel
We are less than three weeks away from Election Day. In the longest presidential campaign in American history, 15 primary candidates became two presidential hopefuls: Sen. Barack Obama and Sen. John McCain. At this point in time, a typical campaign analyst would presume both platforms would have been well articulated, challenged, and disseminated in the presidential debates. But this is not a typical campaign, and that does not seem to be the case. In the midst of bemused moderators and citizens it is important to ask, what have we learned from Obama and McCain in the debates?
October 13, 2008 - 4:44pm
By The Associated Press
Wall Street stormed back after its worst week ever and staged the biggest single-day stock rally since the Great Depression on Monday, catapulting the Dow Jones industrials to a 936-point gain and finally offering relief from eight consecutive days of stock market carnage.
October 10, 2008 - 12:07am
By The Associated Press
A stampede of selling that began in the waning minutes of trading on Wall Street spread to Asia on Friday, deepening a financial crisis that has defied all efforts to stop it.
October 6, 2008 - 5:15pm
By The Associated Press
Wall Street suffered through another extraordinary and traumatic session Monday, with the Dow Jones industrials plunging as much as 800 points — their largest one-day point drop — before recovering to close with a loss of 370. The catalyst for the selling, which also took the Dow below 10,000 for the first time in four years, was investors' growing despair that the spreading credit crisis will take a heavy toll around the world.
October 5, 2008 - 11:00pm
By Yevgeniy Feldman
You know what really grinds my gears? People.
October 5, 2008 - 11:43am
By The Associated Press
Getting the financial rescue through Congress may have been the easy part. Getting it to work may prove the tougher task.
October 3, 2008 - 10:21am
By The Associated Press
In an abrupt change of course, Wachovia Corp. said Friday it agreed to be acquired by Wells Fargo & Co. in a $15.1 billion all-stock deal, wiping out Wachovia's previous plan to sell its banking operations to rival suitor Citigroup Inc.
