GeekMBA360

Career and Money Advice At The Intersection Of Business And Technology

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How much did Dow drop during Great Depression?

February 20th, 2009 · No Comments

The Dow is below 7,400 as I’m writing this post (9:47AM, Friday, 2/20/2009). It’s down 47% from it’s all-time high. Are we near the bottom? Probably not. Just to add a little bit of historical perspective — the Dow dropped from a top of 381.17 before the crash in 1929 to a low of 41.22 […]

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Tags: Beat Recession

GM asks for another $18 billion bail-out money and plans to lay off 47,000

February 17th, 2009 · No Comments

This is unbelievable. General Motors on Tuesday said it could need up to $30 billion from the Treasury Department to keep operating. Included in that amount is $13.4 billion the company has already received. Previously, GM had said it could need as much as $18 billion. – Source: Yahoo Finance GM’s survival plan also calls […]

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Tags: Beat Recession