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Wall Street wonders

(07/25/02 9:00am)

Stockholders and business students alike have been able to watch economics in action this summer. But the stock market these days those economics are more than a mere fluctuation -- the economy has bottomed out faster than Michael Keaton's career. The Dow Jones Industrial Average has dropped 23.1 percent and the Standard and Poor's Index has shaved off 30.5 percent since January. The changes are partly due to decreasing investor confidence in companies with fraudulently inflated corporate earnings. Hiring freezes have been put in place at many companies. The government is investigating greater numbers of new corporations and Wall Street investment firms with each passing day. One Wharton undergraduate recently described the business environment in his own Wall Street experience -- "I work in my finance internship for thirty hours at a time sometimes, curled up under my cubicle, missing out on a proper social life in New York, not to mention my daily allotment of vitamins and minerals... and now I could be going to jail for it."


In light of the urban plight

(06/27/02 9:00am)

I could never really understand Chicago. It is America's third largest city, an urban masterpiece which sits on an enormous glaciated freshwater lake, yet no major estuary or ocean can be found anywhere near the community. In my opinion, there is something fundamentally wrong when Chicagoans say that they're going to spend a day at the beach only to sit beside a freshwater lake, without the perils of fast floating jellyfish or eye and skin irritation by heavily polluted seawater. Then again, I'm from Connecticut.