Word: averted
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...last week, some Americans suffered second thoughts about traveling by air. Much of their fear of flying was caused by the recent and widely publicized spate of near collisions involving commercial airliners. On Thanksgiving Eve, 24 people were injured when an American Airlines jet dived just in time to avert a collision with a Trans World Airlines plane over Michigan. A fortnight ago, another pair of planes, one a TWA, the other a United Air Lines jet, passed within 300 ft. of each other as both were heading for Chicago's O'Hare International Airport. There were other...
...York State has a tough time borrowing money. Four state agencies, financed by the dubious "moral obligation" bonds, are in danger of default. If they cannot repay the $1.5 billion they owe over the next three months, they will become another financial drain on the hard-pressed state. To avert default, David Rockefeller, chairman of Chase Manhattan Bank, said federal aid might have to be given to the agencies...
...growth without ruinous inflation have given it a reputation as one of the world's most lucrative-and safest-havens for investment. Now that reputation is being tarnished: for the first time in memory, one of the colony's fabled hongs (trading companies) is struggling to avert financial collapse. The endangered hong is Hutchison International, Ltd., a conglomerate with a labyrinthine network of more than 350 subsidiaries and affiliates, including diamond merchants, earth movers, fashion boutiques and a mailorder business that deals in food, fowl and live animals...
Neither of these moves demonstrate real changes in the structure of the South African regime, however. There are two kinds of pressure on Vorster to achieve a detente in Southern Africa. He must avert the economic boycott threatened last year by the U.N. Security Council because of South Africa's failure to grant full independence to Namibia, or Southwest Africa, and he must develop a belt of neutral countries which will protect South Africa from militant guerilla movements based in neighboring countries...
...York as a symbol, and obscures what it really is--eight million people. Congress has been accepting Ford's picture of the crisis, and is only beginning to understand that it won't be "bailing the city out" and sanctioning fiscal irresponsibility if it gives New York time to avert default. But while Congress considers action, New York approaches disaster...