Word: leeway
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...Kleinman says. “And I’m hoping that in the future we will be out of this extraordinary time and we will return to the situation we’ve had in the past, in which the centers had a great deal more leeway and independence...
...with a five-year sentence in Indonesia, and a new agreement to combat the practice was signed. The two leaders also announced increased collaboration in other areas, including fighting terror and transnational crime, and will hold annual meetings between MP's to maintain relations. The two countries made no leeway on a free trade agreement, which was discussed during Yudhoyono's visit...
...other big difference is that while most residential mortgages are chopped into securities and sold, the bulk of commercial mortgages - and virtually all land and construction loans - stay on banks' books. Banks have leeway to delay recognizing losses on these loans - that is, they don't have to "mark to market." With banks facing total commercial real estate losses of $200 billion to $300 billion or more by Parkus' estimate, regulators have so far encouraged banks to exploit that leeway. (See the financial crisis after one year...
...newspaper fabricated an entire story about Prime Minister Stephen Harper, claiming that he pocketed a communion wafer instead of ingesting it during a church communion. "Wafergate" never happened, and the story included quotes supposedly uttered by prominent officials that were completely fabricated. Whoops. Hopefully this buys us a little leeway: the next time we screw up, just remember that others have done worse...
...With humor, you often walk a fine line between being offensive and being funny,” Choi said. “But when you know that something is not serious, you give it more leeway than if you know they are actually serious about what they are saying...