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THOUGHT FOR THE DAY!

"There is no free lunch for the creature comforts delivered by the corporation. The ravaging of nature, the erosion of economic security, the destabilization of the family, the commercialization of all human relationships, the corruption of democracy, and the dissipation of spiritual meaning in the face of rampant materialism - these are all part of the cost of the corporate system as we know it. And they add up to a very high price to pay for the bounty of the great American shopping mall."-- Charles Derber, Corporation Nation, p178

 

Futures halted as trading enters 'panic mode'

American stock futures trading was halted on Friday morning following deep declines on the Dow Jones Industrial Average and Standard & Poor's 500 indices as global stock markets plunged.

Futures contracts fell more than 6% triggering a "limit down" suspension of selling on either index, as S&P 500 futures sank to 855.20, according to Bloomberg News. Nasdaq futures were also halted.

All three contracts lost the maximum amount permissible before the start of futures trading in the United States.

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