Another sell off!

Well, if my 60-something friends at the health club were watching CNBC today as they worked out on the treadmill, they saw the DJIA drop precipitously again, swooning by over 400 points. While we consider this, we wonder again; people gotta eat, but how will this affect the fresh produce sector?

Chile peso, stocks, fall
Year to date the peso has lost near 25 percent versus the dollar, which has surged in recent months on global recession fears compounded by an ongoing financial crisis.

"The worse part is that even though we know exactly when the problems began and why, we have no idea if we've touched bottom or when the recovery will begin. When it does, it's sure to be a long, slow process that will leave lots of victims," the trader added.

Stocks tumble for second straight day

"Unrelenting gloom has taken over the markets," said Dana Johnson, chief economist at Comerica Inc. "The economic news, the concerns about some major financial institutions, the concerns about the auto sector, earnings reports, everything is coming out in a way that is just provoking a massive selling in the stock market."

Paulson: Crisis happens once or twice every 100 years If it is any consolation...

Focusing the bailout program on infusing billions into banks -- and possibly other types of companies -- to pump up their capital and bolster lending to customers was deemed a faster and more effective approach to stabilizing the financial system than the original centerpiece of the plan, he said.

"There was no playbook for responding to a once or twice in a hundred year event," Paulson argued, saying he needed to shift strategy to respond to worsening financial and economic conditions.

Dems postponing crucial vote on auto bailout

The chief executives of the Big Three automakers appealed personally to lawmakers for the loans this week, and warned that their industry might collapse without them. In testimony, they said their problem was that credit was unavailable, and not that they were manufacturing products that consumers had turned their backs on.

But whatever support they found sagged when it became known that each of them had flown into Washington aboard multimillion dollar corporate jets. Reid observed that was "difficult to explain" to taxpayers in his hometown of Searchlight, Nev.