Word: lateraling
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Dates: during 2000-2009
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...fall apart anyway. In the 1980s, when Michael Milken was funding buyouts, 52% of the biggest 25 companies acquired ended up going bankrupt. I did a study of the 1990s, ideal economic times, and with 6 of the 10 biggest buyouts, the companies clearly were worse off 10 years later. In three cases the results were mixed, and in one case the private-equity firm improved the business. This decade, 6 of the 10 biggest buyouts are already considered distressed, according to Moody's. The core practice does not work and rips apart our economy...
...reduction - initially hedged his bets, taking stabs at public-works projects and farm subsidies while also rolling out balanced-budget initiatives. When a British economist visited the White House in 1934 saying deficit spending was the best engine to boost consumer demand and create jobs, Roosevelt balked. (Two years later, the economist - John Maynard Keynes - published that advice in his seminal work, The General Theory of Employment, Interest and Money, which revolutionized economic thought by debunking the widely held belief that the market naturally tends toward full employment.) (See what Obama can learn from...
Seiler then took an oral vote to certify the results. According to Osborne, one of the EC members who later resigned, there were no voices of dissent at the time, resulting in a successful certification...
...hours later, Yuan learned about the technological loophole that Seiler addressed Monday—a meeting that she did not attend—and became concerned about whether the election had been “free and fair...
...freshmen later contributed individual wins to the Crimson’s effort as well, as Robinson won the 100-yard butterfly, touching the wall in 55.11 seconds—Harvard swimmers again controlled the race, taking the top four spots for the event—and Luick took the 100-yard breaststroke with a time...