Word: bolstered
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...also a role for the world's lender of last resort, the IMF. The IMF, say economists, should step up and publish details of a ready-to-use financial-help package for any countries that may be in danger of going the way of Iceland, which was unable to bolster overleveraged banks that failed. Panicked trading Friday in Eastern Europe raised concerns that some emerging economies there could be in trouble. The IMF should set aside many of the more stringent conditions it has imposed on borrowers in the past to encourage countries to draw on its assets...
...days since Congress passed a $700 billion bailout bill to get toxic assets off banks' balance sheets and inject companies with new capital, governmental intervention in the credit crisis has continued and even grown as other countries step up their own efforts to guarantee bank accounts and bolster financial firms. In a coordinated swoop, governments around the world cut interest rates; two days ago, in the U.S., the Fed took the unprecedented step of saying it would start buying commercial paper, short-term corporate IOUs, in yet another attempt to thaw frozen credit markets...
...Politically, why should the United States government bolster aid to the developing world in the midst of the worst disaster since the Great Depression? First, it’s a chance to earn some respect internationally. Over the last eight years, American aid flows have done little more than keep pace with inflation despite promises otherwise. Second, collaboration at this time will set the stage for the systemic changes needed to reform the global economic order so that today’s crises—including credit crises—can be avoided in the future. Right now, brewing...
Online gossip blogs such as Hollyscoop have speculated over the past several weeks that Watson may be applying to Harvard, and her presence on campus may bolster these claims.Watson has excelled in her studies, despite spending much of her life on film sets. She achieved straight-A grades on both Advanced Level Examinations and General Certificate of Secondary Education tests, which are commonly-taken British standardized tests...
...Europe's bank-by-bank, country-by-country fixes of its endangered banks have so far failed to bolster the confidence of investors and depositors. "Europe must prepare to put in place a collective line of defense," Dominique Strauss-Kahn, director-general of the International Monetary Fund, said in a speech in Paris on Monday. "The stability of the world economy is at stake...