Desperate times call for desperate measures: unexpected methods are used to try to plug the oil leak in the Gulf of Mexico. And also, the very popular twitter account of Venezuelan President Hugo Chavez; Tribute to jazz singing legend Lena Horne who passed away this week.
With world stock markets at a thirteen-month high and the Dow Jones index topping the 10 000 mark for the first time in a year, some are beginning to suggest that the financial crisis may be receding.
The Dow Jones has topped 10,000 points for the first time since October 2008, marking an important step toward the end of the financial crisis, according to analysts.
US stocks surged on Thursday, sending the Dow industrials above the key 9,000 mark for the first time since January, as strong corporate profits and rebounding home sales spurred optimism about the economy.
US stocks plunged following news on the lack of a new Chinese economic stimulus plan, and led by fears about the survival of GM. In Europe a sober mood followed yesterday's rallying, with the FTSEurofirst 300 index closing down 3.6 percent.
Wall Street's main index, the Dow Jones, was up 1,74 % at the opening Friday, followed closely by the Nasdaq, a day after severe losses on the New York Stock Exchange. Meanwhile, European stocks lost most of their morning gains.
The bankruptcy filing by Lehman Brothers and the sale of Merrill Lynch investment bank pushed Wall Street stocks down at Monday's opening. The Dow Jones plunged 2.53% and Nasdaq dropped 2.60%.