The Fabric of the Cosmos: Quantum Leap

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Join Brian Greene on a wild ride into the weird realm of quantum physics, which governs the universe on the tiniest of scales. Greene brings quantum mechanics to life in a nightclub like no other, where objects pop in and out of existence and things over here can affect others over there, instantaneously—without anything crossing the space between them. A century ago, during the initial shots in the quantum revolution, the best minds of a generation—including Albert Einstein and Niels Bohr—squared off in a battle for the soul of physics. How could the rules of the quantum world, which work so well to describe the behavior of individual atoms and their components, appear so dramatically different from the everyday rules that govern people, planets, and galaxies? Quantum mechanics may be counter intuitive, but it’s one of the most successful theories in the history of science, making predictions that have been confirmed to better than one part in a billion, while also launching the technological advances at the heart of modern life, like computers and cell phones. But even today, even with such profound successes, the debate sill rages over what quantum mechanics implies for the true nature of reality.

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The Savings and Loan Banking Crisis: George Bush, the CIA, and Organized Crime , 4.3 out of 5 based on 10 ratings
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The Savings and Loan Banking Crisis: George Bush, the CIA, and Organized Crime

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1992 – The savings and loan crisis of the 1980s and 1990s (commonly dubbed the S&L crisis) was the failure of about 747 out of the 3,234 savings and loan associations in the United States. A savings and loan or “thrift” is a financial institution that accepts savings deposits and makes mortgage, car and other personal loans to individual members—a cooperative venture known in the United Kingdom as a Building Society. “As of December 31, 1995, RTC estimated that the total cost for resolving the 747 failed institutions was $87.9 billion.” The remainder of the bailout was paid for by charges on savings and loan accounts — which contributed to the large budget deficits of the early 1990s.

The concomitant slowdown in the finance industry and the real estate market may have been a contributing cause of the 1990–91 economic recession. Between 1986 and 1991, the number of new homes constructed per year dropped from 1.8 million to 1 million, which was at the time the lowest rate since World War II.

 

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The Savings and Loan Banking Crisis: George Bush, the CIA, and Organized Crime , 4.3 out of 5 based on 10 ratings
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