Word: averting
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Dates: during 1990-1999
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...construction firm, based in Boise, Idaho, was struggling to survive a devastating corporate crackup. Just six weeks after directors ousted the charismatic William Agee as chairman and chief executive officer, the company was frantically seeking $125 million in new bank loans needed by the end of this week to avert a bankruptcy filing. And with losses mounting, shareholders suing and directors resigning, the stock of Morrison Knudsen, which traded for about $30-a-share a year ago, closed at $5.75 on Friday...
...order to avert financial disaster, Treasurer Brian R. Blais '97 said, the council wants to account for every dollar in the $40,000 package. The council also wants to see "how much of a loss the U.C. could reasonably take and still be financially stable," Blais said...
...Eager to avert an all-out trade war with the U.S., China agreed to resume discussions in Beijing this week on the piracy of U.S.-made goods, including movies, music and computer software. The overture, which did not mention any specific proposals, came less than a week after Washington slapped stiff tariffs on Chinese products worth more than $1 billion. The levies are due to take effect...
President Clinton used his emergency powers to craft an economic rescue package for Mexico intended to avert the possibility of loan defaults that could ignite financial panic throughout the hemisphere. The President thus neatly bypassed congressional opposition to his original proposal of $40 billion in loan guarantees. Despite some grumbling on Capitol Hill, the President's move received support from both the Republican and Democratic leadership (and a sigh of relief from many members happy to be freed from having to vote on a controversial aid package). For the most part, Mexican financial markets reacted favorably to the President...
President Clinton used his emergency powers to craft an economic-rescue package for Mexico intended to avert the possibility of loan defaults that could ignite financial panic throughout the hemisphere. The President thus neatly bypassed U.S. congressional opposition to his original proposal of $40 billion in loan guarantees. Despite some grumbling on Washington's Capitol Hill, the President's move received support from both the Republican and Democratic leadership (and a sigh of relief from many members happy to be freed from having to vote on a controversial aid package). For the most part, Mexican financial markets reacted favorably...