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But, the great moderation was really over by the time Bernanke's paper was published. During the late 1990s, the first internet boom was supported by easy credit provided by the Fed and new types of debt instruments created by the newly deregulated banks. Starting in March 2000, the dot.com boom collapsed and the Nasdaq stock index fell 78 percent from its peak. Combined with the aftermath of the terrorist attacks of Sept 11, 2001, this pushed the US economy into recession.
But the Yunnan Public Security Department said that in cases where foreign travelers using the policy can't leave Kunming within 144 hours due to natural disasters, sudden diseases or emergencies, travelers can register at the local immigration office to apply for longer stays.
By July 31, the eastern metropolis had accumulated 55.5 billion yuan via IPOs in the medical sector, representing 23.05 percent of the total industry. Total money raised in Shanghai was 66 percent higher than the second-place region Guangdong, which had raised 33.4 billion yuan.
But some economists said that the rapid recovery of domestic demand will likely lead to higher prices and greater inflation pressure in the second half of the year. In addition, the recent stock market surge may complicate the country's monetary policy in the coming quarters as it could trigger policymakers' concerns over price bubbles in the financial markets.
But to succeed in China, Spohr and his team have chosen to take a digital approach that seems to be at odds with his philosophy. Not only are news feeds available on Lufthansa Airlines as well as Swiss and Austrian Airlines (all under Deutsche Lufthansa AG), they have also introduced onboard Wi-Fi and e-journals as part of a suite of entertainment services that pamper digital-savvy Chinese passengers.
来源：资阳报