Word: averted
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Dates: during 1990-1999
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...illegal loans and business transactions for their personal benefit." A few of these individuals drained money out of the bank, the complaint alleges, "by making fraudulent statements and presenting false and misleading financial information," leading to bad loans. In 1989 Saudi European nearly collapsed, and in order to avert a financial crisis, French authorities arranged for an investment group to take it over. According to the lawsuit, fraudulent borrowing and other misconduct by the defendants had crippled the bank. Investcorp and several other defendants have filed motions to dismiss the complaint. A number of them are also plaintiffs in continuing...
...Crimson can avert the rustiness, freak accidents, and adversity that have marked this season of astounding improvement over last, it has a sound chance of achieving that closure next weekend...
...among them Gwyneth Paltrow as the young cop's wife (whom we immediately perceive as good, and therefore doomed), do their best to ground this twaddle in recognizable behavior. But it is very tiresome peering through the gloom trying to catch a glimpse of something interesting, then having to avert one's eyes when it turns out to be just another brutally tormented body...
Here Magaw disagrees. The worst error, he says, was the decision by the raid's top two commanders to take part in the assault, thus eliminating the perspective that might have allowed them to call it off and avert disaster. One leader rode in a helicopter, the other joined the raiding party that entered the compound. "It's the same effect as if the Redskins would send their coaches onto the field," Magaw says. "Your coaches were where they couldn't see what was taking place." The ATF, he says, had never trained the leaders to recognize the flaws...
...Japan reached aneleventh-hour agreement in time to avert a potentially devastating trade war. In announcing the deal, a jubilant President Clinton said "This agreement is specific. It is measurable."Japan will yield on the major sticking point of the negotiations, taking steps to open its markets to American auto manufacturers.While U.S. officials describe the deal as "historic,"TIME Detroit bureau chief William McWhirtersays its impact remains to be seen. One key point: will the $9 billion in new Japanese purchases of American auto parts -- which in Japan cost less than half the price of parts made by Japanese companies...