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...determines the allocation of water from the Colorado River. Scientists have shown, by studying tree rings and other historical evidence, that the allocation was based on water flows that were the highest they had been for more than 475 years. By contrast, the flows since 1999 rank among the lowest. As a result, Lake Powell, the giant reservoir created on the Colorado by the Glen Canyon Dam, stands some 60% below capacity and seems destined to fall even lower. No wonder that states like Colorado--whose rights to that water are trumped by the rights of California, Nevada and Arizona...
...Japan's population-growth rate in the year ending March 31, its lowest ever...
...been operating--without much success. Despite acquisitions like U.S. Trust and Soundview Financial, which have broadened Schwab's product mix, the firm has been unable to persuade clients to pay more for research and advice. The firm's spotty record hasn't helped. Since May 2002, Schwab's lowest-rated stocks have outperformed its top-rated stocks. "They're trying to be too many things to too many people," says Lauren Smith, analyst at investment firm Keefe, Bruyette & Woods...
...agencies and released last week, the kids are actually doing just fine. By almost any important measure, the report was bursting with good news: teen birthrates are at record lows; teen crime rates are plummeting; kids are swearing off cigarettes (the smoking rate for high school seniors is the lowest it has been in 29 years), staying in school (87% of young Americans now earn high school diplomas) and getting much of the basic health care they need (immunization rates are high, for example, with 90% of kids getting vaccinated against hepatitis B and a record 81% against chicken...
While folks financing a house or carrying loads of credit-card debt are mourning the end of the lowest interest rates in 46 years, savers who have been stressing over paltry yields on cash investments are partying in response to the Fed's quarter-point interest-rate hike last month. The federal-funds rate now stands at 1.25%, but the really good news for yield-hungry investors is that the bump may be just the beginning of a slow and steady climb that could leave us at 2% by the end of the year...