anniversary of the largest one-day Dow Jones Industrial Average percentage drop since 1914. After a five-year bull market, the market fell 508 points, or 22.61 percent, on Oct. 19, 1987.
Michael G. Willis, president of Colorado Springs-based Giant 5 Funds, recalled Black Monday and how it altered his investing philosophy. Willis was an undergraduate at the time but had started trading full time. Continue Reading Local mutual fund president looks back at Black Monday

Department of Treasury officials said last week that they estimate Social Security is speeding toward a $13.6 trillion shortfall, and that the only solutions to the problem are higher taxes or reduced benefits.
The announcement came by way of a brief, Social Security Reform: The Nature of the Problem. Continue Reading Payroll tax pitched to stave offBangladesh appoint Stuart Law as coach

Bangladesh on Monday named former Australian cricketer Stuart Law as the new coach of their national team, replacing compatriot Jamie Siddons, an official said.

Law, who is currently serving as the interim coach of the Sri Lanka national team, will join Bangladesh in mid-July when the team flies to Zimbabwe via South Africa to play a Test and one-day series in August.

"Stuart Law was far ahead on our shortlist for a new coach. He has been appointed the head coach of the Bangladesh national cricket team for two years starting from July 1," Bangladesh Cricket Board spokesman Jalal Yunus told AFP.

Law, 42, played one Test and 54 one-day international matches for Australia. He also served as an assistant coach for Sri Lanka under Trevor