Posted AT 7:54 AM EST on 22/09/08
The financial crisis: From the U.S. to the world
JOHN CURTIS
Globe and Mail Update
The drama unfolding in the United States' financial markets has already attained the proportions of a major event in economic history. Its causes, and the responses by governments, central banks, and business, as well as its consequences within the U.S., in this country and around the world, will be the subject of “instant histories” appearing on bookshelves and of deeper analysis in the professional literature for years to come.
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| Market | Change | Value |
|---|---|---|
| Data delayed 15 minutes | ||
| S&P/TSX | -350.77 | 9,121.32 |
| DJIA | -245.40 | 8,769.70 |
| S&P 500 | -28.05 | 906.65 |
| Nasdaq | -53.32 | 1,599.06 |
MOST POPULAR 
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| Rank | Headline |
|---|---|
| 1. | Oil plunges on reserve report 4:19 PM
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| 2. | Cut taxes now, cut spending later, Flaherty told 12:15 PM
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| 3. | India rocked by financial scandal 1:50 PM
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| 4. | Air Canada's unhappy holidays 12:00 AM
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| 5. | Market winning streak snaps 4:31 PM
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| 6. | Time Warner to take $25-billion charge 10:11 AM
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| 7. | Russia completely turns off gas spigot 10:35 AM
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| 8. | Dissident Kingsway investor wins 2 board seats 5:07 PM
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| 9. | Desperate for credit 2:54 PM
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| 10. | OSC staff, Biovail reach settlement 5:42 PM
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| Rank | Headline |
|---|---|
| 1. | Polygamy charges in Bountiful 4:15 PM
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| 2. | Oil plunges on reserve report 4:19 PM
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| 3. | Gaza: You told us what you think 4:45 PM
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| 4. | U.S. presidents, past and present, do lunch 4:31 PM
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| 5. | Cut taxes now, cut spending later, Flaherty told 12:15 PM
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| 6. | India rocked by financial scandal 1:50 PM
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| 7. | Air Canada's unhappy holidays 12:00 AM
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| 8. | Market winning streak snaps 4:31 PM
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| 9. | Pitt tells magazine he was faithful to Aniston 4:07 PM
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| 10. | Syncrude facing private prosecution over dead ducks 4:55 PM
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|---|---|
| 1. | The key to weight loss: portion control 10:31 AM
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| 2. | Whey-fed, way delicious 9:05 AM
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| 3. | India rocked by financial scandal 1:50 PM
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| 4. | Polygamy charges in Bountiful 4:15 PM
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| 5. | Air Canada's unhappy holidays 12:00 AM
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| 6. | Apple cuts the digital locks off iTunes 06/01/09 8:28 PM
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| 7. | Chinese medicinal chicken soup 9:58 AM
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| 8. | Canada to strengthen warning on anti-smoking drug Champix 9:34 AM
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| 9. | Oil plunges on reserve report 4:19 PM
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MARCUS GEEStimulus spending? Foreigners beware: China's been down this road before
NEIL REYNOLDSWhy governments can't stop market crashes
JOHN HEINZLWisely or not, investors ride wave of optimism and take plunge
BARRIE McKENNAWorst is yet to come, Fed acknowledges