Word: averting
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Dates: during 1970-1979
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...last has particularly taken the lead in advancing the notion that the survival of Western Civilization is threatened by the recent insistence of the raw material producing countries in upsetting western capitalism's long-cherished rules of marketing and exchange, and that only force is likely to avert the otherwise inevitable decline of the West...
...energy bill signed into law by President Ford last week represented a full year's effort on the part of Congress, but it pleased almost nobody. Liberals conceded that while it will avert a sudden sharp rise in heating-oil and gasoline prices, it also virtually guarantees that Americans will go on using energy profligately. As for conservatives, the Wall Street Journal summed up their feelings by branding the bill a "monument to the Orwellian leviathan"; nearly every section "involves an infringement of individual rights or property rights." The controversial bill is politically palatable, but it will leave...
...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...