Passage 1
Lehman failed after losing money on toxic loans and securities linked to America's property market. Its bankruptcy unleashed chaos. Trade fell in every country on which the World Trade Organization reports. Credit supplied to the real economy fell, by perhaps $2trn in America alone. To limit their indebtedness, governments resorted to austerity. Having exhausted the scope to cut interest rates, central bankers turned to quantitative easing (creating money to buy bonds)
Passage 2
When Jamel Mims teaches young, lower-income minority students in New York, he doesn't deploy traditional materials like a blackboard. whiteboard or PowerPoint. He uses a microphone_turned up loud for politicized raps and mobile phones with augmented-reality apps. Mr. Mims's "interactive hip-hop classroom" uses music as an entry point into discussions about politics, race, class and gender.
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Passage 1
Lehman failed after losing money on toxic loans and securities linked to America's proper...
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