Word: preventative
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...Bretton Woods system itself collapsed in 1971, when President Richard Nixon severed the link between the dollar and gold - a decision made to prevent a run on Fort Knox, which contained only a third of the gold bullion necessary to cover the amount of dollars in foreign hands. By 1973, most major world economies had allowed their currencies to float freely against the dollar. It was a rocky transition, characterized by plummeting stock prices, skyrocketing oil prices, bank failures and inflation...
...with several qualms that have arisen over the now imminent change. William R. Rose ’11, another UC member approached to take part in the program, said he was initially concerned about the trial program’s lack of a forwarding feature, which he said may prevent students from sifting through hordes of e-mail with mail services like Gmail, which is popular among College students. Sundquist said the FAS IT department took this concern into account and that the new mail client will allow e-mail forwarding. Rumors have abounded that student class years may also...
...said that nuclear disarmament and the move toward a WMD-free world would be the best path to achieve international peace. He attributed multiple governments’ reluctance to adopt this policy to their misunderstanding of the U.N.’s disarmament plan. To prevent terrorism, Ban encouraged countries to explore nontraditional security measures and involve civic organizations and other countries in their security policy. Calling climate change “a truly defining issue of our era,” Ban said the countries most affected by climate change will be those that have contributed the least...
...Trainees are scrutinized for corrupt tendencies and tribal prejudices that would prevent them from applying the law equally. Still, fewer than 5% fail to pass; a small number considering the levels of criminality that plague Afghanistan's police corps. Khodaydad blames the system more than individuals, and believes that the training, combined with enforcement, will go a long way towards curing the disease. "The men know right from wrong, but they get used to corruption, so it seems normal to them to steal at checkpoints. If their commanders are not telling them to steal, they...
...Fears of a serious economic decline or even recession in the U.S. and world-wide explain the deep losses markets experienced last week after initially reacting with euphoria to the rash of government efforts to prevent finance and banking systems from imploding. As the week closed out, the global outlook was simply confused, as European indices generally finished higher, the Dow slumped 1.4%, and Asia's national markets featured both gains and losses...