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Florida Education Faces Huge Budget Cuts in 2008
In the 2008 legislative session, the Florida state legislature must cut nearly one billion dollars from its operating budget. The recommendation from Governor Charlie Crist and the legislative committees is to cut from education. The main question left seems to be “how much can the schools afford to lose?” Unfortunately, despite the promises made during the Amendment 1 campaign that a tax cut would not affect Florida students, education is almost guaranteed to take one of the biggest financial losses this year.
Bear Stearns From 20 Billion to 236 Million and BeyondWhat a difference a year makes. Last year at this time Bear Stearns had a high flying stock price of $150 a share and a market valuation of 20 Billion. Having been founded in 1923 they were considered one of Wall Streets most venerable investment houses.
