Word: averting
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Following Black Monday, Greenspan moved quickly to avert further disaster. The day after the market's plunge, the new Fed chairman cut short a speaking trip to Dallas and hurried back to his ornate second-floor office in Washington's Eccles Building. He had already issued a terse announcement that the nation's central bank would "serve as a source of liquidity to support the economic and financial system." That was a signal that banks would have no difficulty obtaining additional credit as needed to provide for the huge losses sustained by shell-shocked brokerages. Greenspan's announcement produced...
...avert a total aid drought, contra leaders are trying to keep open the nonmilitary pipeline. "We are prepared to agree to a cease-fire," says a senior contra official. "But not to an unconditional cease-fire." The Guatemala peace accord, however, does not compel the Sandinistas to negotiate directly with the rebels. At a meeting last week in Tegucigalpa, the contras' six civilian leaders accepted an offer of mediation from Costa Rican President Oscar Arias Sanchez, who pioneered the Guatemala plan. They have asked Arias to persuade the Sandinistas to accept a cease-fire that would enable the rebels...
...President claimed that amnesty is necessary to avert a civil war, but human rights groups were incensed. Bristled Lawyer Marcello Parrilli: "The bill guarantees the impunity of people who committed atrocious crimes." Alfonsin's action, though, recognizes the enduring power of the military and Argentina's tenuous grip on democracy...
...forthcoming book, The Alchemy of Finance: Reading the Mind of the Market, Soros argues that a financial disaster of some kind is quite likely in the future, but that governments will coordinate their economic policies to avert calamity. Whichever way the economic winds blow, Soros intends to profit from them. All the evidence so far strongly suggests that he will, and handsomely at that...
...winter it becomes harder not to see them, tougher to avert our gaze as we pass them by. The brutal storms of January tear through the cloak of statistics, and once again an abstract problem -- discussed in terms of percentage increases and changing demographics -- becomes a shivering man or woman struggling for survival, a pair of eyes that painfully remind us of our human bond. In cities across the nation shelters overflow, leaving the spillage to cope on steam grates or in subway tunnels or wherever else warmth can be found. These street people are the most destitute...