Word: halts
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Dates: during 2000-2009
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...figured out how to deal with a fundamental cause of this crisis: banks' loss of confidence in each other. They are so nervous about so-called "counterparty risk" - the possibility of not being repaid - that they have stopped lending to one another, bringing credit markets to a grinding halt. "We know who the strong banks are, but we don't know who the strong banks are exposed to," explains Simon Maughan, banking analyst at MF Global in London. In this treacherous environment, a bank doesn't just worry about its counterparty, he adds, but about its "counterparty's counterparty...
...greater experience and putting "country first." By attacking Obama's "lipstick on a pig" comment, the campaign clearly established itself as willing to engage in frivolous, small-ball distractions, a disposition that served McCain poorly when he pivoted and tried to portray himself as a sober statesman willing to halt his campaign to deal with the nation's financial meltdown. Most recently, McCain rolled out an ad calling on a new spirit of bipartisanship and cooperation in the nation's capital only a day after blaming the House of Representatives' defeat of the Administration's bailout bill on Democrats...
...There's also the approach favored by the late MIT economist Charles Kindleberger, who thought it was the job of governments and central banks to step in and halt panics, but felt they should "always leave it uncertain whether the rescue will arrive in time or at all, so as to instil caution." That seems to be official U.S. government policy at the moment, actually...
Over the weekend, individuals from the Harvard women’s tennis team traveled to Philadelphia to play in the Cissie Leary Invitational Tournament. In the first two tournaments of the year, the squad looked impressive, but success came to a halt this week after a number of injuries prevented players from competing. “All around, we’ve just played a lot of tennis, and those matches are taking their toll on everyone,” co-captain Laura Peterzan said. “People have gotten injured and had to pull out [this weekend...
...presidential campaign hurtling into its final weeks and a financial crisis that is gathering steam at an even faster clip have collided headlong, bringing a virtual halt to one world, and both confusion and the promise of catharsis to the other...