| From Adn.com: A change last year in how a key state savings account is invested has yielded nothing but pain so far -- a loss of about $1 billion. The reason is the stock market meltdown that began last fall.
Because Department of Revenue officials plowed a big chunk of the Constitutional Budget Reserve into stocks shortly before the meltdown started, the state suffered the same kind of stinging losses many Americans have experienced in their personal retirement portfolios..... Full Article: Source
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