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The unemployment rate was 7.7% in November 2012. It was 4.6% in 2007, before the recession.

^ 1969 – 2009

IMPORTANT to note that the unemployment rate is the number of people who are unemployed but actively looking for jobs. People who tried to find a job, couldn’t, and said fuck it I’m not applying for anything anymore! are still unemployed but are not counted in the unemployment rate. So, basically, a lot more than 7.7% of people in the US do not have jobs. Economists can be confusing.

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US real gross domestic product, the amount of stuff produced by and within the US, grew by an annual 3.1% in the third quarter (July – September). That’s pretty good considering it was as low as -8.8% in 2008.

For comparison, the average annual growth rate from 1947 until 2012 was 3.25%.

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The recent economic recession officially began in December 2007 and ended in June 2009.

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Big banks go through “stress tests” which are sort of like an annual checkup where bank=patient and Federal Reserve=doctor. These tests are supposed to ensure that the financial industry doesn’t have another stroke a la 2008 (economic code blue).

Some banks get told to STOP SMOKING or EAT HEALTHIER and then show up to the next checkup 80 lbs heavier holding a cigarette and eating a burger. Not naming names

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basically REPORT EVERYTHING TO THE SEC AT ALL TIMES

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Pericles gave his Funeral Oration in 431, shortly after the Peloponnesian War had begun. The speech commemorates the troops that had already perished in the war.

The Funeral Oration, likely transcribed by the historian Thucydides, is one of the primary sources on which modern understanding of ancient Athens is based.

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Thomas Jefferson’s famous phrase, located in the Declaration of Independence, had never truly been fulfilled in America due to the country’s historical legacy of slavery, racism, and legal discrimination. King wants to see this phrase finally justified, and urges lawmakers and private citizens alike to recognize that all men are created equal.

King knows that many of the people listening have been through many trials due to racism, and urges them not to wallow in this sorrow. He recognizes the difficulties blacks have been through, and wants his listeners to recognize it too, but he wants them to use the knowledge of this injustice as motivation to make a positive change, not an excuse for inaction.

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The phrase “I have a dream” was not in King’s original text. In fact, the day before his speech, his adviser Wyatt Walker (pictured below) told him,

Don’t use the lines about “I have a dream.” It’s trite, it’s cliche. You’ve used it too many times already.

King had used the phrase in an address just a week earlier at a fundraiser in Chicago, and a few months before in Detroit.

However, as King later recounted:

All of a sudden – the audience response was wonderful that day – and all of a sudden this thing came to me that I have used – I’d used it many times before, that thing about “I have a dream” – and I just felt that I wanted to use it here.

Wyatt Walker’s response as King said this line of the speech?

Aw, shit, he’s using the dream.

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The use of the light, dark, day, night motif is reminiscent of the US national anthem. E.g.:

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