Word: late1980s
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...market risks without endangering federally insured deposits. Greenspan praised committee chairman Jim Leach's (R-Iowa) plan to repeal major provisions of the Depression-era Glass Steagall Act, which bans banks from dealing in securities. Some banks have used a loophole to engage in limited securities underwriting since the late1980s. Leach, the Clinton Administration and Sen. Alfonse D'Amato (R-N.Y.) have put together somewhat similar proposals to reform banking regulations. Greenspan did not address the Clinton plan, but said he opposes D'Amato's proposal to let banks merge with commercial and industrial firms. TIME Washington correspondent Suneel...
...months. (Statisticians reached that figure by subtracting a person's age at death from age 65, the benchmark for retirement.) By that reckoning, the amount of years lost to guns rose 13.6 percent from 1980 to 1991. Three-fourths of that increase stemmed from murders, most in the late1980s as more teens and young adults died in gunfire...
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