Word: hoc
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Dates: during 2000-2009
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...Federal authorities are going to keep doing whatever they can to keep the financial system from collapsing. Taxpayers will bear the risks and the costs of that, whether Congress votes to put them there or not. And it's possible - although nobody can know for sure - that this ad hoc approach will end up costing more than an up-front $700 billion bailout...
...weight of history has become too heavy. As the events of the last week unfolded, ad hoc solutions from Bernanke’s Fed and the Treasury, led by the vigorous former Goldman Sachs CEO Henry M. “Hank” Paulson, proved unable to bring lasting calm to the market: Neither lower interest rates, nor greatly expanded liquidity helped thaw frozen credit markets. Even after brokered shotgun weddings like those of Merrill Lynch and Bank of America or Bear Stearns and JP Morgan Chase, what Professor Kenneth Rogoff once called the “flagship?...
...Treasury Department and Federal Reserve now are making plans to buy troubled mortgage securities en masse from banks and other financial firms. This would amount to moving from ad hoc loans and bailouts to a more systematic approach to resolving the bad-debt problems at the heart of the current financial crisis. Systematic apparently sounds good - the Dow jumped 400 points after CNBC first reported Thursday that such an effort was in the works, and on Friday, markets around the world opened sharply higher. But the price tag could be steep. "We're talking hundreds of billions," Treasury Secretary Hank...
...hoc and poorly-planned nature of today's attack has led some to speculate that it may be in retaliation for an early morning attack on a remote village in South Waziristan that killed 20 people, including women and children. Witnesses on the ground told the Associated Press that U.S. helicopter gunships had fired on the village, and that U.S. soldiers physically entered one of the houses. Military spokesman Maj. Murad Khan confirmed the attack, but would not say who was behind it. The U.S.-led coalition in Afghanistan said it had no report of activity in that area, though...
...despite such successes, international justice has gotten a bad rap over the past decade. The rap stems from the failure to arrest criminals like Karadzic and his military counterpart Ratko Mladic, the slow pace and steep expense of the trials at the ad hoc tribunals for Rwanda and the former Yugoslavia, and the delays to the start of trials at the International Criminal Court (ICC). When Luis Moreno-Ocampo, the chief prosecutor at the ICC, requested a warrant to arrest Sudan's President Omar Hassan al-Bashir on charges of genocide a week before the Karadzic arrest, he was widely...