Economic Development: The Future Is Bright

At Conergy AG’s Hamburg headquarters, on the top floors of a futuristic building with a striking, curved glass roof, Hans-Martin RĂ¼ter, founder and CEO of one of Germany’s most successful solar-energy companies, muses over last year’s acquisition of New Mexico– based Dankoff Solar Products Inc.

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Police break up anti-IMF protests in Turkey

Police used pepper gas and water cannons to disperse crowds of demonstrators who took to the streets Tuesday to protest a meeting of the International Monetary Fund and the World Bank. Some protesters broke shop windows in and around Taksim square before scurrying for cover as police armored cars hosed them with water

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Why the Stock Market Keeps Plummeting

Faced with ubiquitous signs of global economic meltdown, investors sold stocks in force on Tuesday, dragging the broad market indexes down near the lows reached last November. The Standard & Poor’s 500 index, weighed down by financials, fell 4.56%, while the Dow Industrials sank 3.8%, falling to within a fraction of its November 2008 low. Among the hardest hit sectors were bank stocks, down 10%, oil service stocks, down 8.2%, and semiconductor stocks, which fell 6.7%

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