Word: parallelling
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Dates: during 2000-2009
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...result was a parallel system almost as big as the banking system that had none of its post-Depression stabilizing pillars: no deposit insurance, no access to the lender of last resort, no resolution regime and only a patchworky, inadequate framework of restraints for risk-taking. In the old system, Americans' deposits in regular banks financed the system. In the shadow banking system, Americans' deposits in money market funds provided the asset anchor. As AIG teetered on the brink in mid-September, a run began by institutional investors on the money market funds...
Incongruity rules. For Post-Ike Galveston, like Post-Katrina New Orleans, the weather has been glorious. As the suns falls in the west, the brown pelicans head eastward, as they always do, to the wetlands, flying parallel to the 10 mile seawall that islanders had hoped would have held back the surge. As the birds head home, a constant parade of dump trucks line up in a parallel path heading west along the seawall road to a massive emergency landfill by the airport. The city expects up to 1.5 million cubic yards of debris will be removed from homes...
...Swedish experience could hold other lessons, says Robert Bergquist, chief analyst at SEB, one of Sweden's largest banks. "The Swedish success depended on four factors," he explains. Stockholm acted quickly, in open acknowledgement of the problems, and under a broad political agreement across the party spectrum. "Running parallel with these three factors," he says, "a new economic policy - new goals for inflation and the budget - was developed after the crisis...
...schools—which currently can be purchased at the principals’ discretion with bonus money—would also help students learn more effectively. While there is no quick fix to the education industry’s current crisis, radical and new solutions must be sought. Employing parallel tracks of individual and school merit pay in the short term is one such means of ensuring that schools fulfill their ultimate goal of providing every child with a good education...
...this, however, will not be enough to blow out the deal, because the consequences of a collapse in the so-called shadow banking system would be much worse. Over the last 20 years Wall Street built what amounted to a parallel finance system that was specifically designed to avoid the banking safeguards implemented after the crash of 1929, which limited how much an institution could be leveraged in exchange for stability. The shadow system grew nearly to the size of the real banking system, and its demise now threatens both. "As much as I don't want to be here...