Word: crisises
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After being burned, we humans tend to avoid what singed us and seek something soothing. High-quality bonds - in particular, the "risk free" ones issued by the U.S. government - were the most soothing investments of all during the financial crisis. While stocks were losing more than half their value, 10...
Before we get into the details, it's worth going over the difference between stocks and bonds. When you buy stock, you get part ownership of a company. If it does well, you share in the gains. If it flounders, you lose money. Bonds, on the other hand, represent a...
See 25 people to blame for the financial crisis.
The government told the farmers, however, that jatropha seeds can be pressed to make biofuel and that scientists believed the plant's seeds contained more oil than other biofuel crops. Even better, the government said, jatropha needed little tending. All you had to do was stick it in the ground...
Peter Munyao, a village elder, is one of the farmers who experimented with the new crop. He planted jatropha in 2006 and encouraged other farmers to follow his lead. But today, the plants on his farm have all dried up and lost their seeds and leaves. "The people who did...