Word: plan
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Congress's initial rejection of the Bush Administration's $700 billion bailout plan calls to mind an unhappy precedent. Back in 1930, the Senate passed the Smoot-Hawley Tariff Act, which raised duties on some 20,000 imported goods. Historians define this as one of the critical steps that led to the Great Depression - a tipping point when the world realized that partisan self-interest had trumped global leadership on Capitol Hill...
...Sept. 29 of this year, as investors and traders reacted to Congress's rejection of the bailout plan presented by Treasury Secretary Hank Paulson, the stock market sell-off was dramatic: the Dow fell nearly 7% that day, a one-day drop that has been matched only 17 times since the index's birth in 1896. From its peak last October, the Dow has fallen more than...
...balkanization" of European banking, with national authorities struggling on their own - or, at best, with one or two neighbors, as in the case of Fortis - to put together piecemeal local solutions. Gros and many others want a more comprehensive, pan-European regulatory framework to be put in place, a plan the European Commission in Brussels is eager to promote. Among other measures, the Commission is proposing a reform of banking-capital requirements...
...September, the plan was disrupted by real-world events. The financial crisis now knocking over banks and rocking the world economy forced McCain to shift gears. His big gambit - suspend the campaign and return to Washington - was undercut from two sides. First, upon arriving he found he had very little power to win votes for the deal or shape the negotiations. In fact, House Republicans voted against the initial package he supported by a margin of 2 to 1. Second, many viewed his decision to suspend his campaign as little more than yet another gimmick designed to grab press attention...
...ruling, an Italian military tribunal determined that the massacre was a premeditated plan by the Germans and was in no way provoked by the partisans. Moreno Costa, 82, who fought alongside the African-American unit, was among the former resistance fighters who waged that legal battle, and he met Lee last year before filming began. "He talked about commemorating the Buffalo troops, but he didn't say anything about this betrayal," said Costa, reached by phone in his hometown of Pietrasanta, some six miles from St. Anna. "We are indignant about this. I don't understand...