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...huge stock-market losses on Thursday - a 7.3% drop in the Dow Industrials, a 7.6% decline in the S&P 500 - were just the latest in a string of traumas for investors already afraid to open brokerage statements or turn on cable TV for fear of what the news might bring. It was the seventh straight day of declines for the Dow, driving the group of blue-chip stocks below 8,600, a level not broached in five years. Since the market's high - ironically enough, exactly a year ago - the Dow has shed nearly...
...Where has the government been? Remember Ronald Reagan's mantra: Regulation is bad. The Reagan, Bush I and Bush II Administrations believed in deregulation, tax cuts that provide little relief for most Americans, government subsidies for huge corporations and windfalls for the richest. John McCain now has a "comprehensive" plan for the economy that begins with firing the chairman of the Securities and Exchange Commission. Yet in September his initial response to this crisis was, once again, to make the Bush tax cuts permanent and to increase Federal Government support for corporate America. Maybe McCain hasn't noticed, but this...
...It’s a great win for us. We have a really big cross-town rivalry with Northeastern,” said co-captain and goaltender Kylie Stone. “This win puts us at .500 and that’s huge.” Harvard struck first a little over 13 minutes into the game after it earned a penalty corner. Junior midfielder Kristin Bannon took the corner and sent the ball to the top of the circle where sophomore forward Maggie McVeigh received the pass. McVeigh shoveled a pass off to freshman back Georgia McGillivray...
...Despite optimism in some corners, however, universities are cautious as they survey the economic horizon. "In a huge downturn, everybody suffers immensely," says Grinnell President Russell Osgood. "Those that are a little bit better off will just be cushioned a little bit better at the front...
...This lack of faith in government initiatives runs wide and deep, which partially explains the huge response Teach India has evoked from young professionals like Iyer. Run by the Times of India, one of India's leading English-language dailies, in collaboration with UN Volunteers, the program has already received over 100,000 applications from would-be volunteers and is struggling to accommodate them all. "Such a visionary and large-scale program has only been possible because we've been able to get the media, civil society and corporate sector together," says Adeline Aubry, a former UNV program officer under...