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Since the start of the year, the 16 European nations that make up the euro zone have watched their currency plunge to an eight-month low as a result of sovereign-debt panic. Greece, which is perhaps the weakest link in the European Union, was first to hit the wall on news that its deficit has ballooned to nearly 13% of GDP. Then last week, worry about debt default spread from Greece to Spain, Portugal and Ireland, where spending is similarly out of control. (See the best business deals...

Author: /time Magazine | Title: The Carry Trade: Betting on Bad Currencies | 2/11/2010 | See Source »

...Toyota's bosses are desperately hoping the worst is behind it. The company has resumed production at five factories in North America after shutting down sales of eight key models to repair the sticky accelerator pedals. Dealers will be able to sell existing inventory once the pedals are repaired, says Jim Lentz, Toyota's top U.S. sales executive. The faulty pedal has been redesigned, and new models coming off the assembly lines are getting new pedal assemblies...

Author: /time Magazine | Title: Behind the Troubles at Toyota | 2/11/2010 | See Source »

Dara G. Torres:  I started  swimming on a swim team when I was seven or eight years old. I had four older brothers and whatever they did I would do, so I would go to the pool with my mom and I didn’t like sitting in the bleachers and watching them swim, so I wanted to swim...

Author: By H. Zane B. Wruble, CRIMSON STAFF WRITER | Title: 15 Questions with Dara G. Torres | 2/11/2010 | See Source »

...released on Feb. 1, augments the current budget for Pell Grants by six percent, raising the minimum grant from $5,500 to $5,710. It will also allocate an additional one billion dollars to the National Institutes of Health, constituting a 3.2 percent increase, the largest such increase in eight years. The National Science Foundation, likewise, will see an eight percent growth in the size its budget under Obama’s proposal. These changes will likely make American education available to an even wider group of students, and they therefore deserve praise...

Author: By The Crimson Staff | Title: No Dollar Left Behind | 2/11/2010 | See Source »

...creating a local competition. But what started off as a small-scale indoor regatta in Newell Boathouse has grown to a large-scale international competition bringing the best rowers from across the world to Boston University’s Agassiz Arena. Once there, they spend six to eight minutes in a kind of pain that could have been easily obtained for much less money. (Of course, isn’t paying for pain something Detroit Lions’ season ticket holders do anyway...

Author: By Christina C. Mcclintock, CRIMSON STAFF WRITER | Title: Unique Contest Attracts Rowers | 2/11/2010 | See Source »

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