Issue 5

Page 1

Harbinger the

ISSUE 5 / SHAWNEE MISSION EAST / PRAIRIE VILLAGE, KS

OCT. 27, 2008

Recent instability in the economy has some students worried about a...

COLLEGE FUND SHOCK // ELIZABETHMCGRANAHAN

Stocks are plunging. Banks are failing. Companies cannot meet payrolls. The housing market is experiencing a credit crisis. 600,000 Americans have lost their jobs in the last 10 months. The economy of one of the strongest nations in the world is taking a serious hit. The economic collapse has been building for quite some time. The official national debt is $9.8 trillion. The U.S. stock market dropped 2,500 points in just nine days. Trillions of dollars have disappeared and the Dow has lost six years worth of growth. The Federal Deposit Insurance Corporation is now billions of dollars short of the reserves needed to cover the bank losses. All of this is due to the risky financial decisions made by banks and investors.

Continued on page 2

// PHOTO ILLUSTRATION BY STEPHEN NICHOLS

SPECIAL SECTION: Election preview >PAGES 11-18 A&E: “Body of Lies” review >PAGE 25 SPORTS: Lack of fans at girls games >PAGE 27


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