Word: haltingly
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Dates: during 2000-2009
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...lent vast sums of money to developers as property fever gripped the newly wealthy nation. But when the bubble burst with the global meltdown last year, these unpaid loans left huge holes in the banks' books and the liberal lending of the Celtic Tiger era came to an abrupt halt. To steady the ship, the government placed a blanket guarantee on deposits in six Irish banks last September. At the time, according to Finance Minister Brian Lenihan, it was "the cheapest bailout in the world." But that claim soon came back to haunt him. In December it emerged that Sean...
...past couple of years, though, economics hasn't been fun. It's been scary. The quirky topics in which Levitt specializes have been pushed aside by the big questions of how to halt a financial crisis and fix an ailing global economy. Macroeconomics has overwhelmed microeconomics. Not that the macroeconomists have exactly covered themselves with glory. Queen Elizabeth II wondered aloud late last year how economists had missed the problems that brought on the financial crisis. This September, economist Paul Krugman lamented "the profession's blindness to the very possibility of catastrophic failures in a market economy," unleashing a bitter...
...Once the refined wheels of military justice begin to turn, there's still a risk they could grind to a halt. Many of Gitmo's detainees are charged with material support for terrorism or terrorist groups, one of the offenses Congress set aside for the commissions, as it did in 2006. But such offenses have not been recognized as war crimes by the Geneva Convention, nor have they been brought before military tribunals before. Administration legal officials have expressed concern that civilian appeals courts would reverse hard-won convictions on grounds that material support offenses should not have been tried...
...when President Clinton and a Republican Congress altered the complicated formula that dictates Medicare payments. At the time, the so-called sustainability growth rate (SGR) was depegged from inflation to wage growth. That was fine with doctors until the recession hit and wage growth ground to an abrupt halt, posing the threat of real cuts to their Medicare reimbursements. To prevent that from happening to a constituency no politician likes to alienate - or, worse, having doctors cut services to patients - Congress in 2003 passed a one-year spending patch to fix the problem; six fixes later, that "temporary" solution...
...Abdullah is considered the much more likely outcome. But in reality, the manner in which the electoral stalemate is resolved doesn't substantially alter the basic choice facing Obama: either send tens of thousands more U.S. troops, which U.S. commander General Stan McChrystal says are necessary simply to halt the Taliban's advance, or draw down to a policing operation against al-Qaeda and abandon the goal of defeating the Taliban...