Word: hoc
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Dates: during 2000-2009
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...himself forced to pick staffers and cabinet members largely from his extensive network of former colleagues and associates, and did so somewhat haphazardly, under pressure from demanding tasks - such as rescuing the country from utter economic failure. Roosevelt's planning-on-the fly led to the creation of ad hoc "agencies outside the departmental framework" as former Presidential adviser Stephen Hess wrote in his book Organizing the Presidency, - a bureaucratic mess that may have been avoided had Roosevelt's transition process been better planned...
...hoped to have a voice in the process, forming an Ad Hoc Ad Board Committee. But Donald H. Pfister, chair of the Ad Board Review Committee and a professor of organismic and evolutionary biology, told Sundquist at the time that he was not willing to consider the Council’s input on the issue...
...situation is somewhat different - delay is not an option. Accounting standards require financial institutions to routinely write down the value of assets to reflect their actual value. As a result, U.S. banks have booked massive losses, and the government has been forced to aggressively engineer ad hoc bailouts and mergers...
...this took place a day after many of the world's major stock indices had experienced their largest percentage point drop since the October 1987 crash. American investors, it seems, are still worried about what may be on financial companies' balance sheets. The ad-hoc nature of the European response to its banking crisis has also raised concerns. Investors were clearly worried that even if a global financial meltdown is averted, a broad recession may be inevitable. And so, as governments attend to one crisis, the markets discover another to fret about - and the cycle of panic continues...
European bank stocks continued to take a beating on Tuesday following a series of ad hoc steps by national governments to try to shore up confidence in financial institutions. By the day's close, Britain's troubled HBOS was down 41.5%, and the Royal Bank of Scotland's shares had lost 39% of their value; Germany's Commerzbank fell 14%, and Deutsche Bank was down 8.9%. The pummeling followed a black Monday in which stock exchanges across Europe dropped as much as 9%, suggesting that the markets were casting a doleful eye on the $700 billion U.S. bailout package passed...