Word: excessive
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Dates: during 2000-2009
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Since that long boom ended in 2001, though, griping and whining have been ascendant. Greenspan was a bubble blower, the main criticism goes, a man whose lax monetary policies encouraged excess and speculation. What's more, he failed to thwart George W. Bush's demolition of the budget surpluses built up in the Clinton years. These complaints were steadily gaining in volume, thanks to the collapse of a mortgage-lending boom that began on Greenspan's watch, when the man jumped into the fray in mid-September with The Age of Turbulence, a new book about his life...
...seems to be a bit of a throwback. He became mayor in 2002 at age 31, the youngest mayor in the city's history. Cultural icon Russell Simmons crowned him the nation's first "hip-hop mayor" and Kilpatrick, now 37, did not try to avoid a life of excess. His first inauguration was marked with "club crawls" (he said they were intended to galvanize Detroit's disaffected youth); he wore a diamond-studded earring and flashy suits; his wife got use of a Lincoln Navigator that was leased for $25,000 by the police department. The two Detroit cops...
Despite the movie business's reputation for waste and excess, there are few places more ruthlessly scheduled, more efficiently choreographed than a film...
...anything be done to halt such excess? Keynes proposed taxing financial transactions to discourage speculation, an idea that remains popular in antiglobalization circles but has never gained traction with U.S. lawmakers. Shleifer favors protecting consumers from some financial-market excesses--via mortgage lending regulations, for example--but is dubious of attempts to rein in markets themselves. Bogle has argued that professional investment managers wouldn't run off the rails so often if they were forced--by custom and by law--to place more emphasis on moral and fiduciary duty. The unavoidable reality, though, is that the pros simply...
...bariatric surgery - last-resort weight-loss operations such as gastric bypass and stomach stapling - as an essential treatment for obesity or as a failure of the fat person's will, the fact is, it works. Studies have shown that after surgery, patients often lose 50% or more of their excess weight - and keep it off - and symptoms of obesity-related conditions like diabetes, high blood pressure, high cholesterol and sleep apnea are improved or eliminated altogether. Now, two new studies in the New England Journal of Medicine (NEJM) show another long-term benefit: a lower risk of death...