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...slumped by 50% since the same time last year, far more than the losses on the FTSE 100, an index of Britain's leading shares. In the opening quarter of 2009, AIM listed just five new firms, raising a meager $4.5 million in the process. In the same period last year, 32 new companies pocketed 100 times that amount. "To all intents and purposes," Richard Thornhill, capital markets director at Deloitte, said in the firm's quarterly analysis of AIM last month, "the fundraising market for new companies on AIM does not exist...
...cellulosic ethanol savings 50% higher than nearly all other studies. It based most of its numbers not on what farmers and ethanol producers do now but on what it hopes they will do in 2022, assuming dramatic increases in crop yields and energy efficiency. And after the public comment period, it's fair to assume there will be intense pressure to make the analysis even more sympathetic to farm fuels...
...added to the federal deficit is the belief that the government can buy its way out of the recession. If that does not happen, the average citizen will lose what has been his last, best hope for having a reasonable economic life instead of living through a multi-year period of national financial stagnation and intransigent, high unemployment. It will be a world in which almost no one believes that his life will ever improve...
...Laimbeer's antics, so go ahead Bill, be an a--hole. Daly saw that Rodman needed a father figure, so he mentored the troubled player, who would become one of the most prolific rebounders in hoops history. With Michael Jordan's Bulls emerging in Chicago during this period, Daly created the Jordan Rules, which were very simple: if number 23 flies soars the lane, knock him to the floor. Jordan and the Bulls would get their titles. But not before Daly's Pistons got theirs. (Check out TIME's cover story on Michael Jordan...
...refining its strategy and drafting new requirements for its combat vehicles. In the meantime, it will modernize and maintain its fleet of Abrams tanks until at least 2050, while it simultaneously plans for new lighter weight vehicles. "We are hoping to have a plan around the labor day time period," said the Pentagon's Future Combat Systems spokesman Paul Mehney. The Army, he says, is in the middle of "reassessing" the new requirements. "Everything is on the table." (Read a story about the Army's war game exercises...