Word: moment
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Dates: during 2000-2009
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...aides. The legislation gave Paulson something unprecedented and very expansive: a blank check from Congress that he and whoever succeeds him at Treasury can use until the end of 2009 to bail out or take over Fannie Mae and Freddie Mac, the troubled government-created firms that at the moment are funding the vast majority of mortgage loans being made...
...Paulson says that unlike the situation with Bear Stearns, there was never a moment when the two firms appeared in imminent danger of failure. But he saw far more dire potential consequences than in the case of Bear. "Their securities move like water among all of the financial institutions," he says of Fannie and Freddie. If holders ranging from central banks in Asia to community banks in Iowa had lost confidence, the ensuing sell-off might have been catastrophic...
...suspect that this debate, more than foreign policy, health insurance or low-information trivia, will be at the heart of the general-election campaign. We are at a moment of real economic peril, a recession different from most because it is happening at a hinge of history, as economic power becomes distributed more evenly around the world. It also is happening at the end of the political pendulum swing that began with Reagan's remarkably foolish statement in his first Inaugural Address: "Government is not the solution to our problem; government is the problem...
...most remarkable story lines in modern political history: he brands himself as a new, multiracial, principled politician who can change not just the policies of Washington, but the fundamentals of how politics works around the world. "People of Berlin - people of the world - this is our moment. This is our time," Obama announced last week, before an impressive European throng...
...suited most of his potential successors, each of whom who has used the intervening period to burnish his or her own claims. And despite his dire domestic political prospects, Olmert focused his energies on Israel's relations with its neighborhood. He has called time on his tenure at a moment when he is engaged in talks with Palestinian Authority President Mahmoud Abbas over the terms of a future peace agreement, as well as indirect negotiations with Abbas' rivals in the Hamas movement that controls Gaza and also with Syria. He has also been lobbying international support (particularly...