Word: 20th
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...enough to compete with universal banks in Europe and Japan. Banks there have long been free from the kind of separation that has ruled in the U.S. since Senator Carter Glass and Representative Henry Steagall bonded in 1933 to draft the defining financial legislation of the 20th century. Born in tough times, Glass-Steagall expanded the powers of the Fed in controlling credit. It established the Federal Deposit Insurance Corporation, which insured bank deposits. Most important, the act required banks to choose between being a simple lender (a bank) or an underwriter (a brokerage...
Yogi Berra, as usual, said it best: "Prediction is very hard, especially when it's about the future." Yet as we come to the end of the 20th century--a century that saw us split the atom, crack the genetic code and allow Aunt Martha to auction off her turquoise Fiesta ware online--it is only natural to ask what the 21st century will hold for us. We trust that the future will outmarvel the past, but all we can say for sure is that our lives will change more swiftly than ever. In the following pages we ask what...
...vanquish Alzheimer's with a vaccine that targets these miscreants, or a new class of drugs that prevents them from forming. Kosik even has a name for these drugs--"broad-spectrum anti-aggregates," he calls them, after the broad-spectrum antibiotics that played such an important role in 20th century medicine...
...also a perfectly understandable question, given that half a million Americans will die this year of a disorder that is often discussed in terms that make it seem less like a disease than an implacable enemy. What tuberculosis was to the 19th century, cancer is to the 20th: an insidious, malevolent force that frightens people beyond all reason--far more than, say, diabetes or high blood pressure...
Galbraith said the most important "legacy" of the 20th century is "the very grave unfinished business of our time--poverty...