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The Dow is down by more than 100 points in the early minutes of trading. Asian markets were battered while European markets fared a bit better. Meanwhile, there's growing speculation that the Fed will cut interest rates this morning, which if nothing else would provide a little psychological comfort. No new word on the fate of AIG.
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.