Word: allowable
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Dates: during 2000-2009
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This week's moves fit the pattern. But they also show just how far the crisis has spread. The decision to shore up commercial paper will allow companies that are unable to borrow money from either the shadow or the real banking system to have access to the lender of last resort (the government), ensuring that credit still moves in the system - hopefully. And the $700 million program Paulson is steaming ahead with will allow for the clearing of bad loans, and inevitably the orderly failure of companies that invested too heavily in them...
...think they’re all unique. We have the beginnings of structure, of institution, which would allow the divisions to play out politically. But what is being played out in the institution is quite a dangerous energy on the streets. What you want, if possible, is some institutional shape that allows dangerous voltage to enter and work and drive the institution. It doesn’t mean that sectarianism or opposition has gone away in Northern Ireland; it means that there’s a kind of future-seeking possibility in the institution...
...first founders of the postmodern school of poetry known in the United States as the Language poets. Much of her original works of the 1970s period, including “Extremities” (1978) and “The Invention of Hunger” (1979), strove to allow the reader to create a personalized experience through verse. Even though her poetry addresses different topics now, many of the more recent poems shared at the reading had this same element. “I now have a son in his 20s, but when he was younger I ended up watching cartoons...
...Legislation that will allow the Treasury to use $700 billion to help institutions in distress is also potent proof of the crisis’ gravity. Betting on the decline of selected financial firms’ stocks, known in finance as “short-selling,” is now banned in the United States and Britain. According to South China Morning Post, Chinese banks were recently told to suspend lending to U.S. financial institutions. The weak dollar caused import prices to surge by 20 percent from last year, which should have helped local enterprises; it has provided an advantage...
...only partly open to the world - may be overwrought. Earlier this week Beijing sent a clear signal that, notwithstanding the mess in the U.S. and Europe, it still seeks to develop, slowly but surely, a more sophisticated capital market. China's State Council has approved a plan to allow margin trading and short-selling, giving domestic investors in China's A-share market "new opportunities to hedge and leverage their positions," says Jing Ulrich, head of China Equities at JPMorgan Securities in Hong Kong...