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...People who have lost a lot of money in the stock market are scrambling to instruments as safe havens," says Francais. For anyone who owns a Strad, that market stability sounds like sweet music...
...borrow and expand their businesses. According to Credit Suisse, the average yield on bonds with an investment-grade rating has dropped a full percentage point to 6.2% from 7.2% at the beginning of the year. "The concern that higher interest rates will slow the recovery is prevalent among a lot of market watchers, but it is not a concern of mine," says Carl Lantz, U.S. interest-rate strategist at Credit Suisse...
...write about a lot of failed business leaders, but your tone is usually sympathetic - they were well-intentioned, but simply didn't get the job done. That seems out of step with the anger flowing toward corporate America these days. Are there villains in executive suites...
Sleep researchers refer to these early risers as larks (midnight-oil-burners are known as owls), and new data presented this week at the annual Associated Professional Sleep Societies suggest that a student's preferred sleeping schedule has a lot to do with his or her grade-point average in school. In one study, psychologists at Hendrix College in Arkansas found that college freshmen who kept night-owl hours had lower GPAs than early birds. Another group at the University of Pittsburgh revealed that poor sleep habits among high-schoolers led to lower grades, particularly in math. (See pictures...
...Rangel and Education and Labor's George Miller - showed that while the two chambers are going along generally parallel tracks, it may well be the House that is taking the more cautious approach, at least for the moment. (You can read it here.) There are, of course, still a lot of details that have yet to be filled in, and much could change. But here are a couple of key policy areas that stand...