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The Globetrotter

Kenneth Holley cringed last winter every time he heard someone on the television news compare the current U.S. recession to the Great Depression of the 1930s. “They went too far,” says Holley. “Unemployment was 25% during the Depression, and there were thousands of banks that went under. The parallels aren’t there.” (The nation’s jobless rate at press time: 8.9%)

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