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...take a look at some of last year's biggest percentage gainers to understand that. Solar-panel maker First Solar, which rose more than 700% last year, has lost more than half its value so far in 2008. Fertilizer manufacturer Mosaic, which last year saw its stock triple amid the commodities boom, is down 67% since January, as boom has morphed into bust. Chasing winners is rarely the best way to make money - though it is nice to know there are at least winners out there to be found...
...Bank of Canada's announcement last week that the domestic economy cannot continue to grow in the face of an ever deepening financial crisis comes amid predictions of staggering job losses for the fourth quarter of 2008 and a political crisis in Ottawa...
...Norderg said. “My legs are bad. I can barely get [to the Oliver Farnum Senior Center] from two blocks away every day.” The CHA announced that it would be closing the senior health center earlier this year amid budget woes that precipitated the layoffs of 300 alliance employees beginning in the summer of 2008. In October, the Massachusetts state secretary of health and human services informed the CHA that the state was cutting the network’s budget by $55 million during the 2009 fiscal year. According to an e-mailed statement from...
Even as Greece awakened Monday to relative calm following eight days of rioting by outraged youths, French officials were moving to placate protesting students amid rising fears that violence could break out across France. Given the defiant nature of French student protests over the years - including weeks of violent demonstrations over a new youth labor contract in 2006 - concern is growing in France that the dismal economic outlook could push the current anti-reform protests into the kind of wild insurrection that has rocked Greece...
...Amid the financial crisis that is gripping the country, one bright spot may be an increase in recent college graduates considering the field of education. Teach For America, a project founded in 1990 by Princeton alum Wendy Kopp, places thousands of the nation’s top graduates in teaching positions in the poorest school districts. This year TFA has seen a marked rise in applications, including those from Harvard students. In November, President-elect Obama called on our nation to embrace public service. It seems that his hopes may yet be answered, as more and more Americans seem...