Word: perilous
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...Indeed, congressional leaders would do well to learn from the lessons of the past. Nearly eight decades ago, as the Great Depression was beginning to plunge the United States into ever-greater economic peril, Congress—at the behest of the agricultural and industrial lobbies—passed the highest set of import duties in American history, the Smoot-Hawley Tariff Act. The results were disastrous; according to the State Department, “while the tariff might not have caused the Depression, it certainly did not make it any better. It provoked a storm of foreign retaliatory measures?...
...offered himself up as a head referee more than a star player, Obama left no doubt about who was in charge. Congress and the trade groups, he said, could haggle over the terms. But they could not obstruct the project, and they would walk away at their own peril. "The status quo is the one option that's not on the table, and those who seek to block any reform at all, any reform at any costs, will not prevail this time around," he told the group...
Like a medic tending injured soldiers on a battlefield, she spends her days fielding calls from people who are in financial peril--drowning in credit-card debt or facing adjustable-rate mortgages that threaten to bury them alive. Each week they phone in to Orman's CNBC show for advice or buy one of her nine books, which offer the hope that they might save themselves from the financial hell they've created. Orman rushed out a paperback response to the economic crisis called Suze Orman's 2009 Action Plan, which is on the New York Times best-seller list...
Even a bash slated for tomorrow night is in peril: "Just Dance", an open party planned by Crimson Key Society and CityStep, has been indefinitely postponed...
...countries about to join the euro zone. Designed to discourage governments from destabilizing the euro zone by borrowing too much, the rules limit national deficits to no more than 3% of gross domestic product. Countries that go over that limit can face fines. (See pictures of Europe in peril...