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Described by 20th-century economist Arthur Lewis, this is the point at which excess labor in low-productivity industries has been fully absorbed into the high-productivity industries.
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Two-point-five percent had excess bleeding, versus 1.9% for placebo, and 8.0% had infections, versus 6.6% of those on placebo.
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An excess of confidence in your own own point of view or capabilities can harden into dogmatism, inflexibility, not listening.
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Some will say that your lifestyle of excess over the years led you to this point, and that it's lazy to go under the knife to resolve such a dramatic problem rather than bear down, hit the treadmill and do it the hard way.
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Another point he touched on was the interest on excess reserves (IOER).
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This point is perfectly exemplified by the series of up and down swings, each in excess of 80 pips earlier today.
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Banks now get a 25 basis point interest rate return on their reserve deposits with Federal Reserve Banks, including their excess reserves.
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