NEWS
By William Pfaff | March 17, 1997
PARIS -- President Clinton asked American broadcasters last week to give free time to political candidates. He proposed that the Federal Communications Commission make this a condition for authorizing broadcasters to switch to digital technology.He meant this to be a backfire lighted against the campaign-money conflagration threatening his White House. It is actually an essential remedy to the most important crisis of democracy the United States has experienced since the Great Depression.
BUSINESS
By Joseph Menn and Joseph Menn,SPECIAL TO THE SUN | March 23, 2003
Michael Rolle, a veteran of Oracle Corp. and Cisco Systems Inc. who trained at the Massachusetts Institute of Technology and Stanford, has started a new job: umpiring junior varsity high school softball for $20 a game. It's not the direction he thought his career would take when his last serious contract ran out two years ago. Since then, Rolle's only stint as a software engineer has been at a start-up that laid him off after one month. "I see everybody spending all their days going to networking meetings, calling their friends, doing all the various things people tell you to do, and after months of that, they're still looking," said Rolle, 57, of Cupertino, Calif.
NEWS
By Will Englund and Will Englund,SUN FOREIGN STAFF | September 30, 1998
MOSCOW -- There was a time when Russians pitied Americans.Bystanders during the Great Depression of the 1930s, they felt vindicated in their belief in Soviet progress. But who wouldn't extend some sympathy toward the victims of the breakdown of capitalism?"Oh, my God, such a rich country, such a big country," says historian Edward Ivanian, recounting the way people thought back then and smiling ruefully at how history has turned. "And those poor people done in by the bankers, their wealth just poured down the drain."
FEATURES
By Frederick N. Rasmussen and Frederick N. Rasmussen,SUN STAFF | October 23, 1999
You know, the only trouble with capitalism is capitalists; they're too damn greedy.-- Herbert Hoover to author Mark SullivanAs Wall Street concludes yet another wobbly week, it can't help but serve as a reminder to investors that historically October, not April, may be the cruelest month.It is, after all, the 70th anniversary of the Great Crash of 1929, which presaged the Great Depression and successfully wiped away all traces of the unbounded boom and prosperity that followed the end of World War I.For those not quite old enough to remember the really big one, the 554-point skid in 1997 and the 191-point plunge in 1989 are recent reminders of the vagaries of Wall Street.
BUSINESS
By Katherine R. Lewis and Katherine R. Lewis,NEWHOUSE NEWS SERVICE | September 28, 2003
For stock investors, October can be a scary month. Some of the biggest market crashes occurred in the month of falling leaves and Halloween, notably the largest single-day drop in October 1987 and the 1929 collapse that led to the Great Depression. "October is a strange month," said Russ Koesterich, U.S. equity strategist for State Street Corp. in Boston. "You have a lot of climactic bottoms in October, and it's not unusual to have a dramatic crash." In each of the past five years, stocks have fallen from highs in late summer to a bottom in September or October.
NEWS
By Ian Johnson and Ian Johnson,New York Bureau | November 6, 1992
NEW YORK -- Anybody remember the Great Chicken War of 1963?Most people probably don't. Wars over chickens or oilseeds don't stir the public passion as wars for God and country do. But their consequences can be equally ruinous.In the Great Chicken War, Europeans were threatening American chicken exports, so President John F. Kennedy rose to the occasion and slapped a 25 percent tariff on Volkswagen microbuses.Later the war expanded and became known as the Turkey and Brandy War as the Europeans hit another U.S. food bird and Washington took aim at French cognac.