Good morning, Whitewater
In the City of Whitewater, the Park and Rec Board meets today at 4:30 PM.
At Lakeview School, there’s a pennies for patients drive today.
On this day in American history, in 1987, the New York Stock exchange lost about 22% of its value, in the second biggest drop in American history:
Bonn and the United States agreed that the dollar should be stabilized near current levels. Disagreement on currency levels and interest rates had contributed to unrest in the markets. Page D1.
Small investors searched for news much of the day. Many held on to their stocks, as they tried to determine what really was happening in the stock market. Page D1.
Washington officials hesitated to offer investors immediate advice. The shouts of panic on Wall Street echoed only faintly in the corridors of the Reagan Administration. The White House maintained that the underlying economy remained sound. News analysis, page D32.
Investors bought U.S. securities in a search for a safe place to put their money. Some interest rates hovered just below 10 percent. Page D1.
Tokyo’s stock market plummeted to record losses today and the Hong Kong market suspended trading for the week as Asian investors reacted in fright to the collapse on Wall Street. Page D1.
Business leaders were shaken by the collapse, which wiped out huge amounts of the market value of their companies. And they seemed to have been caught by surprise. But many leaders were confident the panic would pass. Page D32.
Trading tested computers’ ability to handle a volume of trading that had not been expected until the early 1990’s. Page D34….
Democratic leaders called for talks with President Reagan on a deficit-reduction package that would include tax increases. Page D32.
In politics, two questions loomed: How badly were the Republicans’ 1988 chances hurt? How were the Democrats’ prospects helped? Political Memo. Page A30.
Little more than one year later, Vice President George Bush was elected president with a majority of the popular vote, answering question the New York Times posed in the story.
Here’s today’s almanac:
| Monday, October 19, 2009 | Sunrise | Sunset |
|---|---|---|
| Official Time | 07:12 AM | 06:06 PM |
| Civil Twilight | 06:44 AM | 06:35 PM |
| Tomorrow | 07:14 AM | 06:04 PM |
| Tomorrow will be: | 4 minutes shorter | |
| Amount of sunlight: | 10 h 54 m | |
| Amount of daylight: | 11 h 51 m | |
| Moon phase: | Waning crescent | |