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The Dow was led lower by sharp declines in Hewlett-Packard and J. P. Morgan.
The problem is compounded by sharp declines in revenues for airports.
Colleges, universities and private schools, including Amherst, have also been hit by sharp declines in their assets.
The BellSouth Corporation said yesterday that its second-quarter income would be hurt by foreign exchange losses caused by sharp declines in the Brazilian and Colombian currencies.
The current slowdown appears to have been caused by sharp declines in capital spending, not by consumers, the sector that normally leads the economy lower.
But Berkshire was hurt, like many other insurance companies in particular, by sharp declines in a broad range of market values.
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"All available tools" means replacing the dollars destroyed by the financial crisis and sharp declines in financial markets with wealth created by the Fed.
New U.S. sales dropped roughly 50percentt since 2008, with sharp declines in ownership by everyone under 40.
New bike sales have dropped roughly 50percentt since 2008 with sharp declines in ownership by everyone under 40.
New bike sales have dropped roughly 50percentt since 2008 — with sharp declines in ownership by everyone under 40.
New U.S. sales dropped roughly 50percentt since 2008, with sharp declines in ownership by everyone under 40, with the exception of women the only growing ownership segment.
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