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The Federal Reserve has predicted the unemployment rate is likely to top 10 percent this yr. Some Fed officers believe it could rise as higher as 10.6 percent in 2010. The post-World War II high was ten.eight % at the finish of 1982, when the country suffered via a severe recession.

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It is a good transfer. Nevertheless, eighty years looks as well higher considering our lifestyle expectancy is so low. Instead, the authorities should have capped it at 70 or 75 years so that numerous of them could appreciate its benefits, stated Naik.

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