What Does Exempt Mean, Anyway? Fund Forum Five years have passed since the imposition of new requirements for Exempt Reporting Advisers under the Dodd-Frank Act.
Forty years ago, gas shortage hit hard. Fred Norris remembers well the gas shortage of 1973. He was owner of Norris Brothers BP on Alamance Road in Burlington. It was a mess, Norris said, recalling peoples reactions to not being able to fill the tanks of their beloved Furys, Impalas, LTDs and other big rides.
One possible cause, of course, is the stock market crash that had begun in the last week of October 1929, some eight months before Hoover signed the Smoot-Hawley tariff. The Dow had plummeted from 326 on October 22 to 230 in the next six trading days and it finally settled at a low of 41 in July 1932.