Word: averting
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Dates: during 1960-1969
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...tied up in risky long-term investments, depriving the bank of needed cash. Predictably, Intra's closing started a run that threatened to bankrupt other Beirut banks. At a twelve-hour emergency night session, the Lebanese Cabinet ordered a three-day bank holiday to stall for time. To avert another kind of panic, Beirut's stock exchange also closed. So did department stores and shops, bringing business in the city close to a standstill. Finally, the government pledged its $200 million reserves (mostly in gold) to bail out all the banks but Intra, which it feared might involve...
...year and a half after the U.S. began bombing the North and pouring troops into the South to avert an imminent Communist victory, the war is undeniably going well for the allies. Yet there is little prospect that it can be won easily or soon. French Foreign Minister Maurice Couve de Murville. who shares Charles de Gaulle's distaste for the U.S. presence in Viet Nam, told Johnson during a 90-minute talk at the White House last week that Hanoi, for its part, no longer believes it can achieve a military victory in the South, but is convinced...
...grew out of a temporary group formed just after the Deadwyler incident. It was called TALO, "Temporary Alliance of Local Organizations," and represented a coalition between extreme nationalists; civil rights groups, militant and moderate; and middle-class businessmen. Its original function was to avert another spree of violence which seemed very possible at the time...
...considers "The Struggle to End Hunger" [Aug. 12] as important a problem as any in our time, I am impressed by the balance and comprehensiveness of your fine Essay. I agree that only by combining expanded U.S. output with agricultural self-help in developing lands can we hope to avert world famine...
President Johnson last week named John T. Dunlop, chairman of the Economics Department and an outspoken critic of the Administration's economic guidelines policy, to a three-man Emergency Board which will try to avert a threatened strike against American Airlines...