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...local governments to 'Negative.' In its report, the ratings agency said local governments face "unprecedented fiscal challenges," over the next 18 months. The report also noted that this was the first time Moody's analysts were broadly worried about the ability of local governments to pay back their debts. Among the places Moody's finds to be most troubled are cities in Florida and California, because of the real estate bust, Indiana, Michigan and Ohio, which are being hurt by the drop in manufacturing, and Connecticut, New Jersey and New York, due to the financial crisis...
...past two years, however, munis' predictability has been replaced by volatility. The bonds of state and local governments were among the worst performing sectors of the debt market in 2007, before falling off a cliff last year. The average muni bond fund lost 9.4% in 2008, and there were ten funds that lost more than...
...Others fear that healthy elderly people will feel pressure to end their lives, to avoid becoming a burden to their families, and that the kit will lead to a spike in suicides. But Nitschke argues that access to a test reduces anxiety among those who want to know they have a peaceful way out of life should they ever need it - even if they never will. By helping them worry less, the kits, he says, may boost the quality, and length, of a person's life. "That's reassuring and empowering, and it also gives them cause to stop...
...surprised that among the 10 ideas Time cites, there was no mention of the most important one, the one that has most captivated and driven the younger generation: the belief that we can all make a difference. Revitalizing suburbs and building biobanks are great ideas, but none will be executed if our future leaders don't believe these projects will benefit anyone. Rick Say, West Chester...
...plenty of issues, opportunities to make the neighborhood better.” BRA officials have recently committed to a revitalization of community-wide planning efforts that had been sidelined in recent months due to concern over the Science Complex slowdown. Affordable housing, commercial development, and public open spaces are among the areas currently pegged for consideration. “We’re asking Harvard to be more forward, to participate,” said Michael F. Glavin, Deputy Director of Institutional Development, at a recent neighborhood meeting. “I don’t think the level...