Worst December for stocks since 1931 gets worse as rate hikes spook investors

Worst December for stocks since 1931 gets worse as rate hikes spook investors (Source usatoday.com)

The worst December for stocks since 1931 keeps getting worse. The Dow remained under pressure and closed sharply lower again Thursday amid a negative reaction to the Federal Reserve’s latest interest rate hike and suggestion that two more increases are coming next year. Investors fear the continued rise in borrowing costs will cause the economy to slow. The Dow Jones Industrial Average fell 464 points, or 2 percent, to a 14-month low of 22,860. The technology-packed Nasdaq composite briefly slipped into bear market territory after dipping more than 20 percent from its late August peak. And the broad Standard & Poor’s 500 stock index, which tumbled 1.6 percent, is now down 10.6 percent from the end of September, which marks its worst start to December since the Great Depression, according to Bespoke Investment Group. The large-company stock index fell 14.53 percent in December 1931, according to data from S&P Dow Jones Indices.

Abortions by Mail Now Available in U.S. (Source thetrumpet.com)

Thanks to a new online company, Aid Access, do-it-yourself abortions are trending. For a fee, American women can receive medical abortion pills mailed to their doorstep.

Dutch doctor and abortion activist Rebecca Gomperts initiated the service eight months ago to facilitate what she sees as a growing demand among American women. According to the Atlantic, Gomperts has filled 600 prescriptions so far. To accept a prescription, she requires that applicants be less than 10 weeks pregnant, live an hour from a hospital, and be in general good health. Then for $95 (less, if the applicant requires financial assistance), the lethal concoction can arrive in the mail and be administered in the woman’s own home.

The drugs are processed in an Indian pharmacy and contain mifepristone and misoprostol. These pharmaceuticals work in tandem to rip the implanted embryo from the uterine lining and expel it. While simple and effective, it is not necessarily safe, and not exactly legal.

Because the drugs are manufactured in India, United States health regulators have no oversight of their production. The U.S. Food and Drug Administration said in a statement on Aid Access, “Mifepristone, including Mifeprex, for termination of pregnancy is not legally available over the Internet. The agency takes the allegations related to the sale of mifepristone in the U.S. through online distribution channels very seriously and is evaluating the allegations to assess potential violations of U.S. law.” Self-managed abortions are also illegal in seven states.

 

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