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Stocks down again

You can almost feel the nervousness oozing from Wall Street. Lawmakers on Capitol Hill are raising too many objections to the government bailout plan. There's unsettling talk about slowing down the process, taking a time out - even though Paulson and Bernanke insist that there's no time to lose (and they're probably right). After a day of pretty wild swings, the Dow finished down 161 points. That's a two-day drop of 533 points, hardly a vote of confidence. (NYT)



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Recent stories on LA Observed:
Barry Diller's many paychecks
Say hello to the marijuana vending machine - and it's made in California
Good tip for job candidates: Always ask questions
Former Calpers CEO charged with fraud*
The Walmart story that everyone is talking about
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