Mayor McGinn Calls On Seattle To Divest From Fossil Fuels

John Ryan — Fri, 28 Dec 2012 02:36:11 +0000

Seattle Mayor Mike McGinn wants the city to get its money out of fossil fuels. He has called on the city’s two main retirement funds to divest millions of dollars invested in oil and gas companies.

Investors' Funds Are Recovering, But Not Their Nerves

Marilyn Geewax — Fri, 19 Oct 2012 08:59:00 +0000

Chicken Little was running wild 25 years ago today. But one could hardly blame the poultry for panicking.

On Oct. 19, 1987, the stock market plunged a record-setting 23 percent. The next day, the New York Daily News' front page screamed "Panic!" and a New York Times headline asked: "Does 1987 equal 1929?"

Turns out, the 1987 plunge was a mere stutter step. The Dow Jones industrial average, which closed at 1,739 that day, quickly bounced back.