Word: normalization
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Dates: during 2000-2009
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...first floor of the New York headquarters of financial firm Credit Suisse. One of the restaurants, Eleven Madison Park, features a duck-liver terrine with pineapple and pearl onions on a rum-raisin brioche. The appetizer costs an additional $20 on top of the restaurant's normal $88 tasting menu. But few are buying. "I call it the AIG effect," says Meyer. "Even if you haven't lost your job, you don't want to been seen as extravagant...
...talking about, that's Fannie Mae. Likewise with the investment banks. I used to sit there and say they're all going to eight [dollars per share]. It was clear that there were 29-year-olds on Wall Street sitting around making $10 million and thinking this was normal. I've been experienced enough to know that this is not reality. I'm still short the investment banks...
...Certainly in the financial community what the governments are doing - they're making mistakes. In 1929 we had the stock market bubble pop, which was leading to a recession, but then the politicians all over the world made a lot of mistakes and turned what should have been a normal recession into a depression. I see the politicians making mistakes now, which may turn this into much much worse than it should be. The Federal Reserve and Treasury have more than doubled the American debt in the past three months. You and I are going to have to pay this...
...soldiers stay in Iraq, they will largely be out of the war-fighting game, focusing mainly on training the Iraqi army. Will that be enough to prevent Iraq from slipping back into sectarian civil war? Cautious optimists hope so. "Iraq is well on its way to becoming a normal Middle Eastern country, with all the good and the bad that that implies," says John Nagl, a retired Army officer who helped General David Petraeus draft the Army's new counterinsurgency manual. "As long as Iraq stays Page 26 news, that's O.K." But if anything goes wrong, it's going...
...early-voter rallies and holding drum-line marches in Miami's predominantly black communities. Most polls show Obama with a narrow but unexpected lead in Florida, and the lopsided presence of Obama supporters in the early-voting lines, which affords the campaign more pre-Election Day publicity than normal politicking would, "is helping us torque up the vote in as many different pockets of the state as possible," says campaign spokesman Jamal Simmons...