Word: avert
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...agreed to allow some20,000 Cuban refugees currently detained at Guantanamo Bayinto the U.S. Any other Cubans who flee their country will be forcibly returned home -- a provision to which Havana had not previously agreed.TIME Diplomatic correspondent J.F.O. McAllistersays the unexpected pact, announced this afternoon, is an effort to avert what the U.S. military worried would be new riots in the refugee camps in the hot summer months. (The Administration said it was increasingly concerned about the safety of some 6,000 American troops now stationed at Guantanamo.) That's not the only reason, McAllister adds: Clinton, ever mindful...
...money, creating a simpler tax system by eliminating the IRS. Such a system would be regressive, however, since lower-income people spend more of their income in cash transactions. TIME Washington correspondent John Dickerson adds that another problem with the proposal is that retailers could find ways to avert the tax and there would be no national authority to catch them. Lugar contends much of the sales tax would be offset by price reductions because retailers would no longer have to pay corporate income taxes. The senator said there would be exemptions -- possibly for food, medicine and home purchases...
...construction firm, based in Boise, Idaho, was struggling to survive a devastating corporate crackup. Just six weeks after directors ousted the charismatic William Agee as chairman and chief executive officer, the company was frantically seeking $125 million in new bank loans needed by the end of this week to avert a bankruptcy filing. And with losses mounting, shareholders suing and directors resigning, the stock of Morrison Knudsen, which traded for about $30-a-share a year ago, closed at $5.75 on Friday...
...order to avert financial disaster, Treasurer Brian R. Blais '97 said, the council wants to account for every dollar in the $40,000 package. The council also wants to see "how much of a loss the U.C. could reasonably take and still be financially stable," Blais said...
...Eager to avert an all-out trade war with the U.S., China agreed to resume discussions in Beijing this week on the piracy of U.S.-made goods, including movies, music and computer software. The overture, which did not mention any specific proposals, came less than a week after Washington slapped stiff tariffs on Chinese products worth more than $1 billion. The levies are due to take effect...