Word: stuffs
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...child workers in Bangladesh who sew our clothes and brush their teeth with ash since they can't afford toothpaste, the oceanic dead zones that come with $5 factory-farmed salmon filets. They're the sorts of stories that make a person think that buying carts full of cheap stuff-ensuring the production of even more cheap stuff-shouldn't be the social goal we've made...
...hook people on feeling like they're winning at something. As a country, we held nearly $1 trillion in credit-card debt this time last year-about the same as the value of all the goods and services produced in South Korea annually. We've bought so much stuff that we've struggled to find places to fit it all. The U.S. went from having 300 million square feet of self-storage space in 1984 to 2.4 billion square feet in 2008, according to the Self Storage Association, a 700% surge. By 2005, one in five new houses came with...
...turf battles with Blair have resulted in Panetta's being seen in a more positive light, and focused some criticism on Blair instead. "Denny's a good guy, but he should really focus on being the President's principal intelligence adviser, not on the operational stuff," says an Administration official. "Leon, of all people, certainly doesn't need to be micromanaged - and neither do the CIA folks in the field...
What Went Wrong So here's the big question: Why? Why did so much bad stuff happen in this decade? Was it just rotten luck or something more? Sure, some of it was simply randomness, but I think a strong case can be made that it was more than just chance that got things so bollixed up. (See TIME's special "Out of Work in America...
...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 (Certain restrictions of Glass-Steagall were repealed to allow the merger of Citicorp and Travelers.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 a lot of money...