The stock market is finishing its worst day since the financial crisis.
The Dow Jones industrial average plunged more than 500 points Thursday. Investors are concerned that the U.S. economy will enter another recession and that Europe's debt problems are not closed to being solved.
Major stock indexes fell more than 4 percent.
The Dow is closing with a loss of 513 points, or 4.3 percent, to 11,384.
The S&P 500 is down 60, or 4.8 percent, to 1,200. The Nasdaq is down 137, or 5.1 percent, to 2,556.
Serengeti, a.k.a. David Cohn, carries on a tradition of story songs on his latest album, <em>Family & Friends</em>.
Credit Jacob Hand / Courtesy of the artist
If the voices on Serengeti's songs often sound like they don't they belong to a rapper, that's the idea. More than any MC working, Serengeti (born David Cohn) writes story songs, in which he assumes the identities of the characters he creates. Sometimes these characters recur — like Kenny, the middle-aged sports enthusiast and rabid Brian Dennehy fan, whom Serengeti dreamed up on his 2006 album, Dennehy.
Behind the current Federal Aviation Administration shutdown, there is a labor dispute — one that brings out the lobbying forces of the airline industry and the unions. And some of the talent that involves is truly impressive, even by K Street standards.
Los Angeles County supervisors are refusing to turn over subpoenaed records involving the deaths of youngsters under supervision by the Department of Children and Family Services. The state auditor, who is also looking at child deaths in Alameda, Fresno and Sacramento, says L.A. county's refusal is a crime. The Legislature ordered an investigation into the L.A. deaths earlier this year after a Los Angeles Times report found that more than 70 children have died since 2008 of abuse or neglect after coming under the purview of county social workers.