1960s, low tax, booming Economic Growth, a democratic president cutting taxes, family formation through the roof postwar. The motivation for work, while it was noble to make a good jet engine for ge, noble to make good soap, most of the people who went to work went to work because of what happened at 6 00 at night. They brought home a paycheck to a spouse, to a family and they viewed their lives and their work lives as serving these almost hired guns, maybe hired guns of family, of church, of community. I think when a community lacks this kind of broad resilience we have communities in the country where the single motherhood, are they out of wedlock, birth ray te is 70 pl, it becomes inspiration and motivation. While we do noble things at work, i think the tradition is what i get is my other life, what i bring home. Theres deficits there tied to culture to Economic Opportunity. You mentioned the communities and what ties communities together. I think one thing that has been in the news
Financial crises have plagued economies worldwide for decades and have been the subject of much analysis, partly in the hopes of averting their devastating effects in the future. What are the four main types of financial crises, and what have we learned so far about what contributes to their creation and the measures taken to combat them?
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On Friday, March 10, Silicon Valley Bank (SVB) collapsed and was taken over by federal regulators. SVB was the 16th largest bank in the country and its bankruptcy was the second largest in U.S. history, following Washington Mutual in 2008. Despite its size, SVB was not a “systemically important financial institution” (SIFI) as defined in