Word: eras
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...era of derivative-driven innovations and massive leverage, Blankfein is the firm's chief advocate for taking risks but also its chief risk watchdog. He has a far different perspective from that of most of the previous Goldman bosses. In December 2006, Viniar led a meeting of senior Goldman executives to examine ongoing daily losses in the firm's mortgage portfolio. Goldman had already underwritten and sold billions of dollars' worth of mortgage-backed securities, much of it labeled investment grade by ratings agencies. It was, in fact, junk. But Goldman realized earlier than most that rot was setting...
...chassis-size chunk of its value to depreciation when you drive it home. If that thought makes you carsick, a used car might work. Of course, used cars are less expensive, and insuring them costs less. Sure, a used number carries more risks, but in this certified-preowned-vehicle era, a model that has historically retained its value - say, a Honda Accord EX or a Subaru Outback - can often promise years of strong, relatively maintenance-free driving...
...will no longer be as expansive or cheap as some wanted, but it will help millions of folks. Above all, we should not forget the historical moment. We’re at a turning point, and if we end the saloon-style sideshows we can make sure a new era for the American people—and a new era for trust in government as a force for good—arrives with a bang and not a whimper...
...Roaring Twenties had its “live-ball” era, with oversized sluggers like Ruth and Gehrig hitting home runs at previously unimaginable rates as the country experienced the climax of its first Gilded Age. The 1940s saw Americans invest in “total war,” which came to include even baseball’s brightest stars, including Ted Williams, who volunteered for active duty. The postwar period, as has been noted and honored with such frequency as to become perfunctory and cliché, saw the integration of baseball and with it, the opening...
...Steroids did not give McGwire, Sosa, Bonds, or any other pariahs the ability to hit major-league pitching. All but the most ardent moralists and car-radio screamers would grant that most of the now tarnished stars of baseball’s Juiced Era were skilled ballplayers even without the aid of chemical enhancement. PEDs let great athletes leverage their skills to even higher, previously unimaginable levels. They enabled marginal athletes to make massive sums of money playing a kids game. And they allowed baseball to return to the glory it had lost in the 1994 strike...