Word: averted
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...believe, as I do, that the Fed's second, mid-October rate cut signals a vigilance that will avert a recession, you'll find great value in the so-called cyclical stocks and in high-yield or "junk" bonds. I have avoided junk for years because too many weak companies were able to borrow at rates only slightly higher than those paid by the strongest debtors. Confidence in the economy ran so high that even companies with no hope of making a profit this decade could tap the markets cheaply. Junk-bond investors weren't getting paid enough for their...
...think Mahathir's decision for Malaysia to sever its ties with the world's economies will result in neighboring Asian countries deeply affected by the current crisis jumping on the bandwagon. This was a crucial maneuver to avert further deterioration of Malaysia's economy, now near collapse. SANCHO A. SANTILLAN JR. Quezon City, the Philippines...
...Milosevic is likely to wait until the last possible moment and then make enough concessions to avert an air strike," says TIME U.N. correspondent William Dowell. Belgrade has already declared an end to its offensive against ethnic Albanian rebels in Kosovo, and will likely make further commitments to avoid attack. U.N. and NATO sources insist that Milosevic has not yet complied with international demands, but further concessions could leave NATO in a difficult position. Says Dowell, "Skeptics believe that if NATO had really been planning to intervene in Kosovo, it should have done so a long time...
...effective action to halt the Serbians' grave violations of human rights or to help the hundreds of thousands of Kosovo Albanian refugees whose only shelter has been the open sky. We urge the Harvard community to take all possible effective action, as soon as possible, to help to avert disaster and to protect the Kosovo refugees, who are now exposed not only to the harshness of the Balkan winter, but also to Serbian attacks...
...Life. If my Hebrew school teacher was correct, that would mean that I'll die before the next Day of Repentance rolls around. With all due respect, Lord, you would be making a big mistake. In the prayer book, it is written that "prayer, repentance and righteousness will avert the severe decree." Well, I am righteous. One out of three...