Word: avoids
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Dates: during 2000-2009
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...actually string out the amount of time it takes for housing prices to reach a nadir and swing up again. A homeowner with a $300,000 mortgage on a house which is worth only $200,000 will keep that house off the market if at all possible, to avoid having to come up with $100,000 to subsidize a sale. That house sits in limbo while the government makes the monthly mortgage payment low enough to keep it in the hands of its owner. Excess home inventory growth is artificially arrested because residences which would normally be for sale...
...animosity between these two competitors, the private Clearinghouse and the public Fed, ensured the failure of the Fed’s intervention in March 1933. At the beginning of March, $700 million were withdrawn from banks, plunging the Dow to only 50 points. In an effort to avoid further turmoil, New York Fed Governor George L. Harrison contacted Clearinghouse Chairman George W. Davison about declaring a bank holiday. With no incentives to act despite the damage this holiday might do to bank reputations, and with much criticism from an increasingly populist Congress, the Clearinghouse had no reason to partner with...
...takeaway for liberals was clear: In such a situation, government must spend rapidly and lavishly to avoid a similar fate. This month, Geithner pledged that the administration was “going to do our best” to eschew Japan’s example. Last October, Summers compared the downturn to our current recession in a Financial Times column. And, in his first White House press conference, Obama warned that if Washington dithered, the U.S. might suffer a “lost decade” like Japan...
...Vanguard and France's Le Triomphant collided in the mid-Atlantic Ocean. The accident probably happened because the two submarines were not aware of each other. NATO operates a traffic-control system that alerts allied nations to the deployment zones of friendly submarines. The system is designed to avoid collisions. But because France is not part of NATO's military command structure, it does not provide information on the location of its mobile nuclear arms to that system, according to Julian Ferguson, who commanded one of Britain's four V-class nuclear submarines before retiring in 2006. (See a graphic...
...Ross has also said the U.S. has just 18 months to avoid a scenario in which Israel attacks Iran to stop its nuclear program. Such views would make his appointment anathema to Tehran, not least because of Ross's own long-established connections to Israel. In Arab capitals, he was generally regarded as biased toward Israel throughout the Oslo peace process, and his central role in bodies such as the Jerusalem-based Jewish People Policy Planning Institute and the advocacy group United Against Nuclear Iran will hardly endear him to the Iranians...