What was true in 1955 is even more true tooay, to say nothing of the future. According to the Civil Service 2000 report: Just as there is not really a unitary Federal work force, but rather a collection of Federal agencies, there is not really a national labor market, but a collection of local ones.
CHIPS UID stands for Clearing House Interbank Payments System Universal Identifier. This is just a fancy name for an electronic clearinghouse database system, which facilitates the transfer of funds from both individual consumers and institutions.
A banking panic or bank panic is a financial crisis that occurs when many banks suffer runs at the same time. A systemic banking crisis is one where all or almost all of the banking capital in a country is wiped out. The resulting chain of bankruptcies can cause a long economic recession.