Word: let
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...they pledged to cultivate it for five years - tapped into the frontier spirit, providing work opportunities for even the most down-and-out Americans. As more and more members of the workforce began laboring in factories in the 19th century, however, society grew more polarized and new technology let businesses squeeze more productivity out of fewer people. By the 1920s, periodic unemployment was common; by 1933, the depths of the Great Depression, it had hit 25%. (See 10 perfect jobs for the recession - and after...
...kind of let down a little bit after we got a cushion,” Simmons said in a post-game press conference, according to Army’s official website. “We just had to refocus...
...Let me tell you, it wasn’t easy to get information out of my three aunts,” New said, laughing. “They mostly liked to talk about hors d’ovueres and how that girl looked...
...Madoff and you own your house free and clear, you most likely still took a hit. To paraphrase the question Ronald Reagan posed years ago, Are you better off today than you were at the beginning of the decade? For most of us, the answer is a resounding no. Let us count the ways. For one thing, the stock market is down 26% since 2000, making this the worst decade for stocks. (Inflation-adjusted, it's even worse.) I remember Warren Buffett telling me at the beginning of the decade that there was no way the go-go returns...
...demise of the Glass-Steagall Act in 1999 as an unfortunate tipping point of deregulation. Glass-Steagall, passed in 1933, separated investment banking and plain-vanilla banking, which some experts argued made markets safer. (Certain restrictions of Glass-Steagall were repealed to allow the merger of Citicorp and Travelers. Let's just say that didn't end well.) "That was the single moment when the seeds for the bad stuff were planted," says Brands. "There was a belief that technology, the Internet and financial instruments had changed things, and the ones selling this idea and these instruments were making...