Word: avoidance
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Dates: during 2000-2009
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...finance its budget and trade deficits at a low cost, which perpetuated the global imbalances that contributed to the current economic crisis. A system like the one proposed by Beijing, argues Deutsche Bank economist Jun Ma, would make it possible "for China and many other countries to avoid being victims of the systemic risks generated by domestic economic problems and policy mistakes in issuing countries of major reserve currencies...
...Whatever world leaders decide, some economists believe that the dollar cannot avoid some deterioration. As other nations and regions gain in wealth and economic influence, the U.S. economy will slowly lose its preeminence and the dollar its stature as the undisputed world currency. Harvard's Frankel foresees that the supremacy of the dollar will erode over the next 15 years or so, with other currencies, like the euro, making inroads and forming a system in which multiple currencies share the world stage. "This is the last major crisis in which the dollar is viewed as a safe haven," Frankel predicts...
...spending reductions further than what was stated in the report. But he noted that a letter to the community from University President Drew G. Faust dated Feb. 18 stated that the Harvard was conducting an “intensive, ongoing review” of capital projects in order to avoid “overextending the University’s near-term financial commitments,” while keeping in mind academic and community commitments.Harvard’s endowment, totaling nearly $37 billion last June, lost at least an estimated 22 percent of its value in the four months ending...
...managed to avoid missteps during the highly public summit. He said that the G-20 sent "a robust message" by addressing issues such as the importance of fiscal policy and increased regulation of the markets - arguments he was making prior to the London conference. Japan also took the lead in an international effort to shore up the International Monetary Fund with an earlier pledge to provide the organization with up to $100 billion. The G-20 upped the contribution to $500 billion to help emerging countries that are in dire economic straits. "The IMF's fiscal foundation has been strengthened...
...unaffected by the entire salmonella outbreak. “We haven’t served pistachio ice cream in a while, and it isn’t a popular topping,” said Jared Sheeham, the manager on shift yesterday afternoon. “We also managed to avoid the peanut recall.” The Market in the Square is one of the few places still serving pistachios—in its gelato—in the absence of any notices from the Massachusetts Health and Homelands Alert Network. Employees at C’est Bon Convenience were...