Word: 1970s
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Dates: during 2000-2009
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...invested his father's oil money in a myriad of ways, many ill-fated: "[C]lint sank millions into deals on handshakes, on napkins, at urinals, risking vast amounts on investments he seldom too time to study...A solid 8 or 10 percent bored him. By the mid-1970s, he simply couldn't be bothered with any investment that didn't promise tripling his return or more. Ttere was the ten million he threw away on an Oklahoma plant that was to convert cattle manure into national gas. Clint named it the Calorific Reclamation Anaerobic process, CRAP for short...
...Wonderful Life - was all about deposits and loans. You take in deposits, on which you pay a relatively low interest rate, say 2%. Then you lend that money to other people at a higher interest rate, say 7%. Pocket the difference. Repeat. But starting in the early 1970s, banks began funding less of their lending with old-fashioned deposits. Bank deposits backed 90% of all loans four decades ago; today they back 60%. Where does the rest of the loan money come from? From the bank's past earnings and the money given to it by its investors. Using...
...crash was a tragedy. It was not a surprise. Helicopter ambulances were a huge step forward in trauma care when the industry started in the early 1970s. But even as the fleet more than tripled in size, from 200 helicopters in 1988 to around 665 today, safety problems festered. On average, five EMS helicopters crashed every year between 1988 and 1997, according to new research by Dr. Ira Blumen, director of the University of Chicago Aeromedical Network. The average has doubled to more than 12 crashes per year since 1998. The past 15 months have been the deadliest yet: there...
...been Bruni's reported involvement in two recent cases of blocked extraditions of convicted Italian leftist terrorists, who had taken refuge in France under a special amnesty law signed by then-President Francois Mitterrand in the wake of Italy's so-called "Years of Lead" violence in the 1970s and 1980s. Bruni admitted in October that she and her older sister had urged Sarkozy to block the scheduled extradition of Marina Petrella, who was suffering from severe depression and weight loss. Sarkozy, who'd come to office vowing to force the return of convicted Italian terrorists, reversed his earlier decision...
...innovative ways to keep God in the heartland. The fertile, Scandinavian-settled farm towns in the Red River Valley were the models for Garrison Keillor's Lake Wobegon; for decades, thousands of farmers comfortably worked 80-acre lots and prayed in small, ethnically uniform churches. But starting in the 1970s, Wobegon was hit with sinking commodity prices and job-cutting farm technology, a combo that sharply reduced the population. Churches foundered. But only in the past few years have people like Haythorn and Wolpert begun experimenting with new ways to counter the trend...