Word: reals
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Dates: during 2000-2009
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...much attention at the Academy Awards; nor is Cage's work in Werner Herzog's Bad Lieutenant: Port of Call New Orleans, though the star's intensity as a ? cop deranged by painkillers is fun to watch. But The Informant!, starring Damon as a paunchy, middle-aged, real-life corporate whistle-blower with some weird secrets, deserves the approval of Oscar ? voters. In its oddball, deadpan fashion, Steven Soderbergh's comedy-drama says as much about the chicanery of the American business establishment as any Michael Moore diatribe...
...computer scientist at California's Palo Alto Research Center whose lab has studied Wikipedia extensively. But Wikipedia peaked in March 2007 at about 820,000 contributors; the site hasn't seen as many editors since. "By the middle of 2009, we realized that this was a real phenomenon," says Chi. "It's no longer growing exponentially. Something very different is happening now." See the 50 best websites...
...people are so frustrated with a two-party system, why has there been so little success in coming up with another real contender? -Erika Groff, Troy, N.Y. Because we don't have a two-party system. We have a one-party system. Both parties endorse the welfare state and corporatism. Both parties support interventionism overseas. But they also write all the campaign laws. So they have made it virtually impossible to break into the monopoly. If I had run on a third-party ticket I wouldn't have been in the debates...
Last Sept. 15, the venerable investment-banking firm of Lehman Brothers--saddled with a lot of dud real estate investments and unable to persuade its jittery creditors to keep lending it money--filed for bankruptcy protection. It was the largest bankruptcy ever in the U.S., but the really big news was what happened afterward. First came a financial panic that threatened to shatter the global capitalist order, followed by an unprecedented--and unprecedentedly expensive--effort by governments on both sides of the Atlantic to patch things...
That brings us to lesson No. 2. Early in the Great Depression, powerful voices at Treasury and the Fed argued that financial crisis was a necessary corrective. "Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate," Treasury Secretary Andrew Mellon advised President Herbert Hoover. "It will purge the rottenness out of the system." This time around, after Lehman went under, no one at Treasury or the Fed talked that way. Instead, policymakers in the U.S. and overseas agreed that the panic had to be stopped at any cost. And it was, through a bailout that placed trillions of taxpayer...