Why The Video Looks Shaky (Don Ward)
Updated: 7:06 PM - We did a quick helicopter tour of the Black Forest burn area. Someone asked why the video looks shaky.
Despair over the economy has sent Wall Street plunging again, propelling the Dow Jones industrials to their second-largest point loss ever. Stocks fell on a combination of disheartening economic data, including a big drop in retail sales and a Federal Reserve report that said tight credit conditions are hurting businesses across the country.
The downbeat data has convinced investors that the nation, if not already in a recession, is moving toward one. The Fed's Beige Book, which details conditions around the nation, found that the economy continued to slow in the early fall as financial and credit problems took a turn for the worse.
The Dow is down about 733 at the 8,577 level. On Monday, Sept. 29, the Dow had its largest point drop 777.68.
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Updated: 7:06 PM - We did a quick helicopter tour of the Black Forest burn area. Someone asked why the video looks shaky.
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