Why the Stock Market Keeps Plummeting

Faced with ubiquitous signs of global economic meltdown, investors sold stocks in force on Tuesday, dragging the broad market indexes down near the lows reached last November. The Standard & Poor’s 500 index, weighed down by financials, fell 4.56%, while the Dow Industrials sank 3.8%, falling to within a fraction of its November 2008 low. Among the hardest hit sectors were bank stocks, down 10%, oil service stocks, down 8.2%, and semiconductor stocks, which fell 6.7%

Share

The Revival of Beaujolais

After decades of good times, the Beaujolais winemaking region has been suffering a killer hangover. In the ’80s and ’90s, Beaujolais Nouveau was a global phenomenon, but abuses in overproduction and dubious vinification practices by some growers sullied the brand

Share