Feature

Stocks Plunge Eight Percent on Economic Gloom

by: Sharon Otterman, David Jolly and Bettina Wassner, The New York Times

Dow drops more than 700 points.
Dow drops more than 700 points. (Photo: Getty Images)

    Wall Street looked beyond the government's bailout plan on Wednesday and saw more signs that the economy was in for a drastic slowdown.     And investors sold.     At the close, the Dow Jones industrial average was down about 735 points, or 7.9 percent, erasing most of Monday's 936-point gain. The broader Standard & Poor's 500-stock index was down 9 percent. The technology-heavy Nasdaq was down 8.4 percent, after the chip maker Intel reported a profit for the quarter but noted that sales of chips used in corporate computers were weaker than expected. »

"Exposed" cover.

Mark Shapiro's "Exposed": Deregulating Chemicals

by: Leslie Thatcher, Truthout Book Review

     "Exposed": The Toxic Chemistry of Everyday Life and What's at Stake for American Power, by Mark Schapiro, Chelsea Green Publishing, White River Junction, Vermont: 2007.

    Leslie Thatcher reviews Mark Schapiro's book, "Exposed," which describes how US corporatist ideology trumps common sense, providing US citizens with second-class, third-world protections against toxins, while slashing America's competitive edge in the global marketplace. »

Karl Rove.

Rove's Office Urged Spending to Help GOP Incumbents in Tight Races

by: R. Jeffrey Smith, The Washington Post

    When Karl Rove's office requested special help for beleaguered Republican congressional candidates in the months before the 2006 elections, the head of the Office of National Drug Control Policy jumped to the task. Director John Walters carried half-million-dollar grants to news conferences with two congressmen and a senator, earning a top Rove aide's accolade of "superstar" after the election. »

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