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.
The stock market crash of October 1929 brought the economic prosperity of the 1920s to a symbolic end. For the next ten years, the United States was mired in a deep economic depression. By 1933, unemployment had soared to 25 percent, up from 3.2 percent in 1929. Industrial production declined by 50 percent, international trade plunged 30 percent, and investment fell 98 percent.