Word: maines
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Dates: during 2000-2009
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...there anything we could do now to prevent this wave from coming? Probably not much. One of the main points of the book is to show how private equity and leveraged buyouts don't work, and even if the credit crisis I'm predicting doesn't happen - even if the economy recovers and some of the companies can refinance and push their debt off - the core practice is still destructive. Many of these companies will fall apart anyway. In the 1980s, when Michael Milken was funding buyouts, 52% of the biggest 25 companies acquired ended up going bankrupt...
With stimulus spending doing little to combat an unemployment rate at 10.2% and rising, U.S. leaders are starting to take further action. President Barack Obama is holding a jobs summit Dec. 3, followed by a White House to Main Street Tour to "share ideas for continued recovery." Congressional Democrats, meanwhile, hope to tackle a new jobs bill by the end of the year. (See the top 10 recession surprises...
...great things happened this decade, from the stunning rise of China to Apple's dazzling array of new products to the feats of sprinter Usain Bolt to our nation rallying (at least temporarily) around its first African-American President. But all that seems more like counterpoint rather than the main act. (See pictures of Barack Obama's nation of hope...
...View from Main Street...
According to Bicknell, Schwartz requested that he leave the room, at which point he returned to the main dining hall, though Khandelwal remained in the room...