Word: act
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Dates: during 2000-2009
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...become an article of faith for many on the left - and some from other political precincts - that the 1999 repeal of the Depression-era Glass-Steagall Act, which separated commercial banks from Wall Street, is directly responsible for our current dire financial plight. Its repeal, argued journalist Robert Kuttner in testimony before Congress last year, enabled "super-banks ... to re-enact the same kinds of structural conflicts of interest that were endemic in the 1920s...
...York Fed asked Goldman Sachs and JPMorgan Chase & Co. to try to arrange a $70 billion private loan for AIG, but that didn't go anywhere. Treasury officials mulled a government conservatorship as with Fannie Mae and Freddie Mac, but it might have required an act of Congress to make that happen. So the Fed devised a deal in which AIG agrees to repay the loan with asset sales and give the government (and thus taxpayers) a 79.9% equity stake in the company...
...act of an Atlantic crossing today resonates because of the modern voyage’s juxtaposition with the most famous Atlantic passage: the voyage of African slaves to the “New World.” That trip was a spiritual, emotional, and physical death for many of its passengers, and its goal was to sever Africans’ ties with their former lives and render them vulnerable at the hands of Europeans. Now, the journey could not be more different: it is easy, fast, and completely voluntary. Only several accounts of the Middle Passage from the perspectives...
...passage of the Federal Uniform Drinking Age Act (FUDAA) in 1984 placed pressure on states to adopt a minimum legal drinking age of 21 by October 1986, or sacrifice 10 percent of their allocated federal funding for highway construction. Many states had lowered their drinking age from 21 to 18 in the 1970s—coinciding with the passage of the 26th Amendment by which citizens age 18 and older were granted voting rights. A primary aim of the FUDAA was to reduce typically high teenage TFRs by limiting access to alcohol for this age group. TFRs...
...This is a brutal act against innocent people," Godoy said. "There were families and children who went to enjoy the shout for independence. Among them were the poorest people who have no other entertainment. This was a very cowardly act." Independence parades were canceled in the state on Tuesday, while thousands of soldiers poured into the city center. Explosive experts said they were still determining exactly what devices had caused the blast...