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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: bentway who wrote (486786)6/10/2009 1:36:52 PM
From: TideGlider  Respond to of 1572147
 
Stocks fall after weak auction of 10-year notes
Stocks fall as weak 10-year note auction raises worries about inflation, interest rates
Madlen Read, AP Business Writer
On Wednesday June 10, 2009, 1:19 pm EDT
Buzz up! Print.NEW YORK (AP) -- A weak auction of Treasury notes is putting the pressure on both stocks and bonds.

The Dow Jones industrial average fell about 65 points Wednesday after the government sold $19 billion in 10-year Treasury notes. The government had to lure buyers with a higher yield than the market anticipated.

The 10-year note's yield, which is closely tied to interest rates on mortgages and other consumer loans, jumped to 3.99 percent, a new high for the year.

Investors are concerned the government's debt load will become untenable, leading to higher inflation and soaring interest rates. Rising rates could hamper the economy's recovery.

By early afternoon, the Dow fell 64.17, or 0.7 percent, to 8,698.89. The Standard & Poor's 500 index fell 8.42, or 0.9 percent, at 934.01. The Nasdaq composite index fell 20.86, or 1.1 percent, to 1,839.27.



To: bentway who wrote (486786)6/10/2009 1:57:45 PM
From: Wharf Rat  Respond to of 1572147
 
I am a citizen of the planet
I was born here
I'm going to die here
Come what may
I am entitled by my birth
To the treasures of the earth
No one must be denied these
No one must be denied
Easy dreams
At the end of a chain-smokin' day
Easy dreams at the end of the day

Who am I to believe
That the future we perceive
Lies in danger and the dangers increase
Who are we to demand
That the leaders of the land
Hear the voices of reason and peace

We are the citizens of the planet
We were born here
We're going to die here
Come what may
We are entitled by our birth
To the treasures of the earth
No one must be denied these
No one must be denied
Easy dreams at the end of a chain-smokin' day
Easy dreams at the end of the day

Who am I to deny
What my eyes can clearly see
And raise a child with a flame in his heart
Who are we to believe
That these thoughts are so naive
When we've all disagreed from the start

We are the citizens of the planet
We were born here
We're gong to die here
Come what may
We are entitled by our birth
To the treasures of the earth
No one must be denied these
No one must be denied
Easy dreams at the end of a chain-smokin' day
Easy dreams at the end of the day

Simon And Garfunkel