Word: moment
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Dates: during 2000-2009
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Bank nationalization is the phrase on everyone's lips at the moment - with Alan Greenspan, Chris Dodd and Paul Krugman among the leading lights of the unlikely coalition in favor of it, and members of the Obama Administration repeatedly denying that it's in their plans. It's a misleading debate, though, given that the U.S. banking system was effectively nationalized on Oct. 13, when then Treasury Secretary Henry Paulson called the heads of the country's nine biggest banks into his office and told them they couldn't leave the room before agreeing to sell shares to the government...
...panic. Then again, relying on bank executives to accurately price their own assets is no good either. Treasury Secretary Tim Geithner hopes to get around this by jump-starting a market for troubled mortgage securities, but he hasn't decided yet how exactly to do that. For the moment, determining the health of banks remains a government judgment call...
Steele used the moment to introduce himself to the audience, describing his upbringing by a mother who picked cotton in the South, before moving to Washington, and refusing to take welfare because "she didn't want the government to raise her children." He recalled attending his first Lincoln Day dinner 23 years ago, in Maryland, and how, as a black man, "I didn't get the warmest reception." Friends, he said, had warned: "'They don't like black folks. Republicans, they're mean.' I thought about that, I said, that's not the party of Lincoln. So I decided...
...dozen speeches and make public remarks at twice as many events. But often the words that history remembers are delivered only once a year, usually in January or February, when the President travels the length of Pennsylvania Avenue to address a joint session of Congress. This is the moment when the President gets to set out the broad sweep of his plans, propose benchmarks for success and establish the tenor of his Administration...
...over 1000 times, this seminal moment that brings crowds to their feet has hinged on one man’s performance—junior setter Gil Weintraub...