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THE UNIVERSITY DAILY KANSAN
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2. Speaker sheds light on transgender life
1. James Gurros science fiction offers brave new world for students
3. KU Hospital switches to electronic records
4. S1.4 million grant adds Amhairic language to slate of courses
MARSHALL, N.C. — A small mountain town has agreed to pay $275,000 for banning Rebecca Willis from a community hangout after residents complained about her dirty dancing.
Willis, then 56, was told to stay away from the Marshall Depot community center eight years ago.
ODD NEWS Town must pay for ban on woman's dancing
5. The facts about phobias
Associated Press
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According to court documents, she was accused of gyrating and simulating sexual intercourse with her partner while wearing a skirt that exposed her underwear.
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I demand a recount
Traders work on the floor of the New York Stock Exchange, yesterday. Wall Street launched a massive rebound Thursday, muscing the Dow Jones industrial average up nearly 553 points after driving it down near its lows for the year, as investors decided they did not want to miss out on cheap stocks.
ASSOCIATED PRESS
ASSOCIATED PRESS
ASSOCIATE PRESIDENT A supporter of Nicaragua's ruling Sandinista National Liberation Front party, fires a homemade mortar during a protest against the election council in Managua Thursday. Nicaragua's election council has agreed to allow a review of the capital's mayoral election results after opponents of leftist President Daniel Ortega cried fraud.
Dow Jones rebounds, gaining 553
ECONOMY
ASSOCIATED PRESS
NEW YORK — Wall Street launched a massive rebound Thursday, muscled the Dow Jones industrial average up nearly 553 points after driving it down near its lows for the year, as investors decided they did not want to miss out on cheap stocks.
After three days of selling that wiped out about $1 trillion in shareholder value, many investors, though nervous about the economy, appeared convinced the market had priced in enough bad news. So when the Standard & Poor's 500 index managed to recover from multiyear trading lows, investors swarmed back in.
It's "a herd mentality," said Ryan Larson, senior equity trader at Voyageur Asset Management. "We started going higher — and you don't want to be the last one on the boat."
Some analysts also said investors were positioning themselves ahead of a meeting of Group of 20 leaders in Washington. The meeting could bring decisions on mending the troubled global financial system.
expectations for full-year earnings, and Intel Corp. late Wednesday cut more than $1 billion from its sales forecast.
There was "some anticipation that we'll hear some good news from that meeting," said Jack A. Ablin, chief investment officer at Harris Private Bank. Thursday's rally was "part hopeful, part technical. But certainly welcome."
But then the S&P lifted above its Oct. 10 trading lows, and a Treasury auction of 30-year bonds got decent demand from both domestic and foreign buyers, said Arthur Hogan, chief market analyst at Jefferies & Co. The auction results alleviated some fears about the government having a hard time financing its costly bailout.
As stocks rallied, so did oil prices, sending shares of energy companies higher. The bigger gainer among the 30 Dow companies was Chevron Corp., which rose $8.43, or 12.5 percent, to $75.71.
big gainer was Exxon Mobil Corp. which climbed $6.48, or 9.4 percent, to $75.41; these two energy stocks represented one-fifth of the Dow's point gain Thursday.
Stocks sold off early after the Labor Department said the number of newly laid-off individuals seeking unemployment benefits jumped last week to the highest level since right after the Sept. 11, 2001 terrorist attacks. There was also more evidence of a severe pullback in consumer spending — a worsening trend that had pummed stocks earlier in the week. Wal-Mart Stores Inc. trimmed
Many analysts had predicted the market would retest the multiyear lows it reached last month. They
also still forecast volatility for some time to come, as Wall Street tries to rebuild from October's devastating losses and gauge the severity of the economy's downturn. During past recoveries from bear markets, a great deal of turbulence in the market became commonplace — so it's possible that Thursday's gains will get erased if more gloomy reports pour in.
But Hogan called the market's resiliency a "great sign".
According to preliminary calculations, the Dow rose 552.59, or 6.67 percent, to 8,835.25, after falling as low as 7,965.42.
ODD NEWS
Odd NEWS Police catch man in process of stealing water heater
MEMPHIS, Tenn. — Police in Memphis figured something wasn't right when they spotted a man wheeling a water heater down a street on a dolly.
And when officers got out of
The Commercial Appeal reported that police caught him, put him in the squad car and drove around the neighborhood asking him to identify the source of the heater. Police say Bolden finally pointed out a house and said, "That's the one."
their car to talk to 52-year-old Kenneth Bolden, he took off running.
out.
Police found the back door kicked in and the spot where a water heater had been ripped
Bolden was held in lieu of $35,000 bond on aggravated burglary, evading arrest and having burglary tools.
HUNTINGTON BEACH, Calif.
— Heard the one about the guy who walked into a bar with an alligator?
Man arrested for taking alligator into Calif. bar
At Johnny's Saloon in Orange
HUNTINGTON BEACH, Calif.
By the time police and animal control officers arrived, the gator was in the man's vehicle in the parking lot. Officers followed him home, where another alligator was found, animal control spokesman Ryan Drabek said.
County, it was more than a joke Saturday when a man arrived with his 3-foot pet gator.
Both alligators were impounded and were being held Wednesday pending an investigation by the Department of Fish and Game, officials said.
Associated Press
The workshop"Writing on the Job" will begin at 9 a.m. in 204 JRP.
The meeting "Role of Enduring Vulnerabilities on Marital Quality" will begin at 10 a.m. in 547 Fraser.
The lecture "Mark West, architect" will begin at 11:30 a.m. in Woodruff Auditorium in the Kansas Union.
The workshop "SoftChalk LessonBuilder" will begin at 2 p.m. in 6 Budig.
The conference "Kansas Journal of Law & Public Policy Symposium" will begin at 9 a.m. in Room 106 in Green Hall
The lecture "An introduction to planned missing data designs" will begin at 2 p.m. in 547 Fraser.
The lecture "The Role and Responsibility of the Multi-National Corporation" will begin at 3 p.m. in Spencer Museum of Art auditorium.
The lecture "identity Theft" will begin at 3 p.m. in 547 Fraser.
The seminar "New Developments in Strain Assisted Synthesis" will begin at 3:30 p.m. in 1001 Malott.
The seminar "Pre-Colonial Culture and Nature in Lowland Amazonia: Counterfeit Paradise or Bountiful Garden?" will begin at 3:30 p.m. in the Seminar Room in Hall Center.
The lecture "China's Perspective on Challenges Facing the United Nations and the New American President" will begin at 4:30 p.m. in Room 104 in Green Hall.
The student group event "KU Hillel: Rock Chalk Shabbat" will begin at 6 p.m. in Woodruff Auditorium & Ballrooms in the Kansas Union.
The Women's Basketball vs. Sacred Heart game will begin at 7 p.m. in Allen Fieldhouse.
on campus
The film event "Friday Night at the Kino" will begin at 7 p.m. in 318 Bailey.
The play "Street Scene" will begin at 7:30 p.m. in Stage Tool in Murphy Hall.
The entertainment event "FREE Cosmic Bowling" will begin at 10 p.m. in Jaybowl in the Kansas Union.
After today, there are only two Fridays of classes left in the semester.
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