GOOD DAY FOR: Deep breaths, after the VIX index, an index of investor fear, ended Monday at a record high of 52.02, after hitting 58.24 earlier in the trading session. The VIX never closed above 46 in the last bear market, which lasted until 2002. On Monday morning, “Mad Money” host Jim Cramer urged investors to take their money from the stock market before they lose more. (Los Angeles Times)
BAD DAY FOR: Richard Fuld, as the Lehman Brothers CEO’s testimony before Congress was accompanied by a CNBC report that somebody at the company gym attacked him last month. Citing “two very senior sources,” journalist Vicki Ward said that on Sept. 21, after Lehman had filed for bankruptcy, a man had put down his weights, approached Fuld on his treadmill, and knocked him out cold. (The Daily Telegraph)
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Book reviews: 'Girl on Girl: How Pop Culture Turned a Generation of Women Against Themselves' and 'Notes to John'Feature The aughts' toxic pop culture and Joan Didion's most private pages
-
The FDA plans to embrace AI agencywideIn the Spotlight Rumors are swirling about a bespoke AI chatbot being developed for the FDA by OpenAI
-
Digital consent: Law targets deepfake and revenge pornFeature The Senate has passed a new bill that will make it a crime to share explicit AI-generated images of minors and adults without consent
