Word: awash
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...only greed is left. Awash with petrodollars in the '70s, big banks lent to every comer with a flag and a UN seat. Confident that this type of lending wasn't subject to ordinary precautions applied to individual customers, bankers went far out on a limb. Now the bankers are equally confident that they've gone so far with the nation's wealth that the U.S. government will have to bail them out if worse comes to worse. Attached to the recent emergency Congressional approbation for the International Monetary Fund were new regulations concerning just that. Congress should be ready...
...their battle against inflation, Reagan and Volcker had good fortune on their side. With the world awash in an oversupply of oil, the once mighty Organization of Petroleum Exporting Countries could no longer dictate the cost of crude. The group's new powerlessness moved Mani Said al-Oteiba, Oil Minister of the United Arab Emirates, to compose a doleful poem that began...
Today the world is awash in oil. Prices have been falling, and OPEC ministers meeting in Geneva last week refused to accede to Iran's demands for price increases. Aramco now buys its oil from the Saudis and does little more than manage the oilfields for the kingdom of Saudi Arabia. U.S. oil consumption has not been as ravenous as it once was, dampened by three years of recession, a genuine concern for conservation and an ever larger fleet of fuel-efficient cars...
Thailand is also enjoying a spurt because its currency is strong, its financial markets are awash with funds, and loans are therefore easy to get. Said Narongchai Akrasanee, an economic adviser to Thailand's Industrial Finance Corp.: "For the first time in history, banks have gone to customers, begging them to borrow...
...ghosts, ghouls and warlocks. At 8 p.m., the height of the parade, a huge spider will wriggle up the Village clock tower. At Area, a trendy nightspot, Owner Shawn Hausman will fill the club with macabre trappings such as a display in which mists rise from a pond awash with skeletons...