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“Is this 1987 all over again?” So pondered one Wall Street Journal columnist yesterday after markets fell in a plunge that, for some, brought to mind the Reagan-era crash known as Black Monday.
To be fair, things aren’t as bad now as they were then. The Dow Jones Industrial Average fell by 2.6% on Monday, which is a tiny fraction of its 22.6% plunge on Black Monday. Similarly, the S&P 500 saw its biggest one-day drop in nearly two years – notable, but hardly a generation-defining sell-off. Markets seemed to be rebounding slightly by Tuesday.
Still, even if some headlines were a bit hyperbolic, investors were spooked. And the strikingly fast shift in sentiment could have implications for the Federal Reserve. Economist Chris Decker of the University of Nebraska Omaha explains why the latest job figures have investors so worried and what's likely to happen next.
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Dark skies ahead?
Tomohiro Ohsumi/Getty Images
Christopher Decker, University of Nebraska Omaha
Slowing job growth should come as no surprise.
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Politics + Society
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Howard Manly, The Conversation
With a few notable exceptions, historians have found little evidence that vice-presidential picks actually help their presidential tickets.
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Tazreena Sajjad, American University School of International Service
Military leaders have formed an interim government and promised a transition to civilian rule. Protesters who brought down the previous government are demanding nothing less.
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Tova Wang, Harvard Kennedy School
Americans have been hearing for years that democracy is being eroded and is literally at stake in the upcoming presidential election. But there is good news on the voting front as well.
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Jennifer Ho, University of Colorado Boulder
While many voters embrace Kamala Harris’ candidacy and the fact that she is a multiracial woman without any biological children, some Republicans are using her identity as fodder for attacks.
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Science + Technology
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Randy Stein, California State Polytechnic University, Pomona; Caroline Meyersohn, California State University, Long Beach
Providing a correction can affect how the audience feels about the journalists trying to set the record straight.
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Jeffrey Gillis-Davis, Arts & Sciences at Washington University in St. Louis
The far side of the Moon has a very different composition from the near side − so researchers are eager to see what stories these samples will tell.
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Ione Fine, University of Washington; Geoffrey Boynton, University of Washington
Engineers have tried for decades to develop bionic eyes to reverse blindness. But the brain is far more complex than a computer.
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International
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Mary Ellen O'Connell, University of Notre Dame
The release of a Russian hit man and the assassination of Israel’s enemies in Lebanon and Iran have shone a spotlight on killings carried out on state orders.
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Environment + Energy
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Paul Bierman, University of Vermont; Halley Mastro, University of Vermont
Our discovery of a tundra ecosystem, frozen under the center of Greenland’s ice sheet, holds a warning about the threat that climate change poses for the future.
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