Wednesday, February 28, 2007

Wednesday, February 28 in the news.....

  • U.S. stocks plummeted Tuesday as concerns that the Chinese and American economies were cooling and fears that shares were overvalued sparked a global market decline. By today the Chinese market had picked up ground and many Wall Street brokers were relieved they jumped out of first floor windows as a precaution.

  • Japanese monetary authorities did not intervene in foreign exchange markets in February for the 35th consecutive month, the Finance Ministry said Wednesday. Although it did intervene in a foreign eBay auction for a friggin' sweet karaoke set.