Word: giant
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Dates: during 2000-2009
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When RSVPing, FlyBy was informed that all spots for guys had been taken. Hmm…this was interesting. Since when has speed dating been more popular among males than females? We immediately imagined a giant room full of white guys with yellow fever. Great...
...think this younger generation has changed? The business moves so much faster now. It used to be if Andre the Giant and I had a feud, it'd probably play out six or seven months later at a big event. Nowadays, if Andre the Giant and Hulk Hogan have a feud at 9 o'clock, it's usually over by 9:30. It's a story-telling art form to create emotion and drama and I just think a lot of that is lost...
...furious? If not, you should be. The giant financial institutions that make up Wall Street have been bailed out, thanks to trillions of dollars of our money, and are on track to hand out record-breaking multibillion-dollar bonuses while millions of regular folks are hurting. Even outside the gilded halls of Wall Street, there's no shortage of good cheer: many economists say the Great Recession has ended, and Federal Reserve Chairman Ben Bernanke keeps seeing "green shoots" in the economy...
...capitalized and well run, say they didn't really need TARP money in the first place, that's more or less accurate. However, that doesn't mean that Goldman, JPMorgan and every other bank in the country weren't bailed out. Had the world economy melted down and more giant institutions failed, even strong firms like Goldman would have gone under. In July, Goldman acknowledged this, more or less, when it graciously - yes, graciously - paid a full price of $1.1 billion to redeem stock-purchase warrants it gave the government for lending it $10 billion of TARP money. (See pictures...
...small fry fail while saving the wounded whales. Perhaps, as many have urged lately, we can start by reviving elements of the Glass-Steagall Act that kept old-fashioned banks out of the far riskier investment business. And out of big trouble. As we've seen, most of the giant rescued institutions didn't understand their problems until it was too late, so how do you expect a regulator to see trouble coming...