Global warming has been delayed. Weather here is driving snow and 20F temperature.
There are reports of more hedge fund liquidations, and the public seems to be selling out of equities.
AIG reports huge losses and gets more support - no surprise.
HBC is doing a private rights issue. HBC seems to be the only bank in the world that is able to raise capital privately now. I own some and will take up my rights, buying more stock at the offer price when it comes.
Futures are down big as are European stocks - usually this means a bad day.
I arose late this morning - may post more later.
Word of the Day
"Orthoëpy" - noun [$10]
Orthoëpy means the study of the (correct) pronunciation of words.
Sentence: An application of orthoëpy is its own pronunciation, viz. the trema (two dots) over the 'e' mean that it is pronounced individually and not as a diphthong with the 'o': or - tho - e - pi with the 'e' long as in feet.
Le Mot du Jour
"Échéance" - noun, feminine: la échéance
Échéance means expiration date, maturity day; term, run (econ)
La Phrase: À longue échéance, nous sommes tous morts.
Sentence: In the long run, we are all dead.