Word: averted
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...does some wallets - those belonging to the actual unemployed - will inevitably close. But he can keep up the spirits of those who are still working - and facing a summer of stifling energy prices - and send them the message that the Fed is trying, trying its hardest, to avert a recession, and the Fed always wins...
...well past the 11th hour in Hollywood, and yet the town?s writers and producers are still chipping away at a contract dispute, hoping to avert a strike - and its potentially devastating effects on the L.A. economy...
...something of a bind: Washington is bound, by its Taiwan Relations Act, to ensure the island's ability to defend itself. In 1996 that commitment brought Washington and Beijing to the precipice of confrontation, after President Clinton moved a naval battle group into the Taiwan Strait to avert an invasion. But the prospect of putting U.S. forces into harm's way on China's doorstep has never been an appealing one, which fuels the argument in Washington for enhancing Taiwan's own ability to defend itself. But Beijing is insisting that it would be forced to up the ante...
...course the easiest way to avert the risk would be not to hold the pilgrimage on this scale. But you can't say that, because the hajj is an obligation of the Muslim faith. And as the custodians of the holy sites, the Saudis feel a deep sense of obligation to accommodate as many of the faithful as they...
Moved PermanentlyMoved PermanentlyFortune Investor DataHistorically, if the Fed really tries to avert an extended recession, it almost always succeeds. And Greenspan has not only cut rates more in January than he's ever done in any one month, he's hinted that more cuts are on the way. The fact that he's obviously on top of the situation may be giving businesses and consumers alike a sense of long-term optimism that can be self-fulfilling...