Word: drastic
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Dates: during 2000-2009
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...that doesn't mean the crisis is over. Lying ahead are a slew of unresolved problems, policy challenges and, no doubt, further surprises. Unemployment remains a serious global issue, and may yet get worse; excess capacity left over from the boom years haunts the recovery; and the drastic stimulus programs utilized to fight the recession are creating a new menu of potential troubles. Dominique Strauss-Kahn, managing director of the International Monetary Fund, said in an address in London in late November that "the storm has passed" but "the global economy remains very much in a holding pattern - stable...
...much changed at the beginning of the third period, but things took a drastic turn with five minutes remaining in the game. Having yet to generate any real opportunities on net, the Clarkson attack started to threaten the Crimson goaltender, junior Ryan Carroll. Sixteen minutes into the period, Golden Knight Bryan Rufenach blasted a shot at Carroll, who deflected it with his right pad. Rufenach quickly raced through the Harvard defense to the loose puck and finished the rebound...
This year marks the 50th anniversary of the Cuban Revolution and Fidel Castro’s rise to power, a period of drastic cultural and political change in the island nation’s history. Marking this occasion, The Boston Printmakers, an artists’ association at Emmanuel College, are presenting an exhibition titled “Making Connections: Contemporary Cuban Printmakers.” Since early October and continuing through Sunday at The Laconia Gallery in Boston, the exhibition showcases prints by over 90 contemporary Cuban artists...
...last time we got close to writing drastic regulation on credit or debit cards was in 1991, when 74 senators voted in favor of a 14 percent interest-rate cap on credit cards. George H. W. Bush had given a fundraising speech in New York where he talked about lowering credit-card rates, a bullet point that had been included at the last minute by his chief of staff but hadn’t been approved by his economic advisors. Support from a Republican president lent congressional Democrats the air cover to move a bill that received no more than...
...reason is that the roaring real estate market is complicating Beijing's decisions on when and how to unwind the drastic stimulus measures that policymakers put in place to combat the global recession. There is clearly a link between Beijing's ultra-loose monetary policy and the run-up in property prices. The amount of new loans granted by Chinese banks in the first 10 months of 2009 surged an eye-popping 144%, to $1.3 trillion, from the same period in 2008. The easy money policy has led to a fantastic increase in property deals - up 82% in October...