Word: avert
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...KERREY FAVOR: A federal deficit-cutting commission today refused to endorse a controversial plan by its co-chairmen, Sens. Bob Kerrey (D-Neb.), and John Danforth (R-Mo.), to avert a long-term federal budget crisis by privatizing Social Security. Instead, the 32-member Bipartisan Commission on Entitlement and Tax Reform more vaguely recommended in a letter to President Clinton that "tough action is needed sooner rather than later" -- and that major spending cuts and tax choices be decided based on their impact over 30 years, not the current politically-charged 5-year window. The Kerrey-Danforth package, which raised...
Japan's trade minister unexpectedly announced travel plans for an 11th-hour trip to Washington to avert sanctions against his country that could be levied as early as Friday. Ryutaro Hashimoto's D.C.-bound mission, scheduled for tomorrow, could signal a breakthrough in talks. The two sides are currently in a hostile standoff over America's ever-expanding trade deficit with Tokyo...
...researcher at Yale University in New Haven, Connecticut, was quarantined and put under treatment for a potentially fatal infection he contracted after a lab mishap exposed him to a rare virus he was studying. To avert the spread of the microbe known as Sabia virus, health officials are keeping under observation at least two dozen people in Connecticut and Massachusetts with whom the unidentified researcher had contact after the accident...
...serious to stop its nuclear program. And war is a serious thing. One might argue that the world's only superpower ought not be intimidated by the threats of a third-rate power. Still, one can sympathize with the President's dilemma: Risk G.I. lives today in order to avert a nuclear threat tomorrow...
Federal Reserve Chairman Alan Greenspan told Congress that the central bank will probably raise interest rates again this year to avert inflation, despite predictions that the Fed had had its fill of rate hikes this year. On Wall Street, the Dow Jones industrial average obliged with a 20-point plummet. Greenspan, in his semiannual address to lawmakers, told the Senate Banking Committee that any signs of inflation would probably trigger a Fed vote to take interest rates--and the rates on consumer loans like mortgages--even higher...