The American stock market tumbled again today, with the Dow falling 435 points and the Nasdaq losing almost 5%. European stock markets were also hit hard; although the losses were not as great as in the USA, they experienced their largest drop since 2009.
Meanwhile, even though unemployment remains high in the United States, the federal regulatory industry is booming. The regulators’ budget has risen by 16% since Barack Obama became president.
In other news, a Pakistani immigrant named Mohammad Younis pleaded guilty yesterday to providing $7,000 from his business to the would-be Times Square bomber. Note: this case has a Mohammed Coefficient of 100%.
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