Team studies the innermost circle of the financial crisis

(Phys.org) -- “Too central to fail” instead of “too big to fail”: whether banks pose a risk to the financial system when they get into distress has more to do with their level of networking than with their ...

Mexican farmers despair over record drought

Dust blows across once fertile fields in north Mexico, where the worst drought in 70 years has left thousands of cattle dead and destroyed more than two million acres (almost one million hectares) of crops.

Grand Canyon to change 'unfair' permit system

(AP) -- Getting one of the roughly 11,500 permits granted each year to backpack overnight in the Grand Canyon has become so competitive and "unfair" that managers at the national park have decided to change the system.

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