The market’s wild ride Thursday suggests that investors are again growing more hesitant to own assets like stocks and bonds.

Market Drop Fueled by a Crisis, Anxiety and an Error

The European Central Bank disappointed investors hoping for decisive action to contain the euro zone’s increasingly virulent debt crisis, pushing the euro to another low. 

European Bank’s Assurances Fail to Placate Investors

A school coalition says that pretest preparation casts doubt on the value of the exam known as the E.R.B.

Private School Screening Test Loses Some Clout

The group that investigators suspect in the Times Square bomb plot has combined forces with other militants to extend its reach and ambitions.    

Pakistani Taliban Are Said to Expand Alliances

China’s consumption of oil and coal-generated electricity each jumped 24 percent in the first quarter.

China’s Energy Use Threatens Goals on Warming

The American International Group is turning to Citigroup and Bank of America to replace Goldman Sachs as the main corporate adviser as the insurer reorganizes.

A.I.G. Said to Dismiss Goldman

Joseph L. Bruno, the former New York State Senate majority leader and once one of the state’s most powerful politicians, denied committing a crime.

Bruno Gets 2-Year Prison Term, but Stays Free

By a vote of 61 to 33, the Senate decided not to force big banks to shrink. An amendment for a one-time audit of the Fed is expected to pass next week.

Senate Nod to Fed Audit Is Expected

Brushing off a strong U.S. jobs report, traders focused on lingering questions about European debt and Thursday’s plunge.

Volatile Week
on Wall Street Ends With Another Slide

David Cameron, the Conservative leader, reached out to the Liberal Democrats as Prime Minister Gordon Brown signaled that he would not immediately step down.

British Parties Jockey to Form Governing Alliance

Payrolls surged with an unexpectedly strong 290,000 jobs last month, but the unemployment rate rose to 9.9 percent.

Economy Gains
Impetus as U.S.
Adds 290,000 Jobs

Leaders from the euro-area countries promised steps to stanch a debt crisis before markets open on Monday.

Europeans Move to Head Off Spread of Debt Crisis

For consumers who don’t want to wait for the plug-in vehicles that have been promised by major automakers, independent companies offer conversions of current hybrid cars.

Off the Well, if Only for One Week

The Outlander is unusual among crossover S.U.V.’s in that it throws a few concessions to people who actually care about cars. 

A Crossover That’s More About Sport Than Utility

Anthony Julius’s fiercely relevant book on British anti-Semitism is particularly strong on Shylock, Fagin and the whole cavalcade of Jew-hatred in English literature.

The Jewish Question: British Anti-Semitism

Martin Heidegger was undeniably a Nazi. But was his affiliation an “escapade,” as Hannah Arendt claimed, or is his philosophy itself fundamentally corrupt? Two new books reconsider the question. 

The Jewish Question: Martin Heidegger

“Robin Hood,” with Russell Crowe, Cate Blanchett and lavish medieval sets, is a story about the forming of Robin Hood, the beginning of the legend.

English Legends: That Robin Guy and Sir Ridley

While you were in class, some laws and regulations were approved that may change your (financial) life.

The New Money Rules for Recent Graduates

The former first lady of the Philippines is battling to restore the Marcos name in coming elections.

Marcos Seeks to Restore Philippine Dynasty

How can a generation whose cultural trademark is a refusal to grow up have a midlife crisis? Sam Lipsyte’s novel “The Ask” and the films “Hot Tub Time Machine” and “Greenberg” ponder this predicament.

Gen X Has a Midlife Crisis

Andy Lagrimas was tired of roommates and apartments that always seemed like dorms.

A Former Apartment-Sharer Goes Solo

John McEnroe believes the players who attend his academy, set to open on Randalls Island in the fall, do not have to live and breathe the sport to be successful.

Building the Next McEnroe

Long Island City has been described as the “next” hot neighborhood for years. Maybe it’s time to drop the “next.”

Long Island City Comes Into Its Own

Mr. Llewellyn, a Harlem-born entrepreneur worth millions, had friends like Bill Cosby and Gen. Colin Powell. But as his health failed, a battle developed.

The Last Days of Bruce Llewellyn

For 10 hours a day, starting Monday, seven women in identical dresses and pumps will troll a platform in Bryant Park in a creation by the artist Kate Gilmore.

May 7, 2010

Headlines from May 7, 2010

Market Drop Fueled by a Crisis, Anxiety and an Error

European Bank’s Assurances Fail to Placate Investors

Private School Screening Test Loses Some Clout

Pakistani Taliban Are Said to Expand Alliances

China’s Energy Use Threatens Goals on Warming

Billboard 200

Glee: The Music; The Power Of Madonna (EP)

Need You Now

My World 2.0

Iron Man 2 (Soundtrack)

Raymond V Raymond

Historical Context for May 7, 2010