October 10, 2008

The Democratic leadership in Congress is considering another fiscal stimulus proposal to spark spending by consumers and city and state governments.

After another rough day for Morgan Stanley — its stock fell 26 percent, and new doubts arose about a $9 billion infusion from Japan — it seemed Morgan’s chief, John Mack, can’t catch a break.

Insurance companies are now being battered like Wall Street banks were last month, suggesting a similar round of consolidation and recapitalization.

A dire new forecast for global vehicle sales battered the shares of auto companies on Thursday, particularly General Motors, whose stock plunged more than 31 percent.

David Byars and Joel Isler were attracted to the lush, leafy neighborhood of Riverdale in the Bronx.