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...drop in stock market history. So why Bernanke's change of heart? He responded to that question quite plainly: "It's an extraordinary time. This is a chance for me, I think, to talk to America directly." Speaking with Pelley from the Federal Reserve and his hometown of Dillon, South Carolina, Bernanke said that if markets can be stabilized he expects the recession to come to an end "probably this year." And the possibility of the nation sinking into a second depression? "I think we've gotten past that," he said. Bernanke remains dedicated to the task of recovery...
...Shalom Bernanke was born on December 13, 1953, in Augusta, Georgia, and raised in South Carolina...
...years old, Bernanke won the South Carolina state spelling bee, despite being initially told that he had misspelled a word. Bernanke, certain he was right, left the stage anyway. "He came back on stage and said he had spelled it correctly," his mother Edna recalled to the Washington Post. "And he was right." Bernanke was later eliminated at the national bee when he misspelled the word edelweiss...
...February 2009, Travis Jackson, a young banker, bought Bernanke's childhood home in South Carolina in a foreclosure auction. Bernanke's family had sold the home more than 10 years prior, but the latest owners lost the house after falling behind in payments...
...shuttle took off from Cape Canaveral, Fla., at 7:43 p.m., and a mere six minutes later it emerged from the South-Southeast area of the sky and traveled to the East-Northeast part...