Word: prevented
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Dates: during 2000-2009
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...industry put miniscule Iceland on the economic map. But it wouldn’t last forever. In the past month, all three major Icelandic banks have been effectively nationalized, the stock market has crashed, and the International Monetary Fund (IMF) has been called in to calm international investors and prevent the country’s bankruptcy. As the global financial crisis claims its first sovereign victim, it is important to understand that every party involved would have benefited from more coordinated international regulation. The crisis affecting Iceland has its roots in the catastrophic consequences of an oversized banking industry...
...advising a major American insurance company headquartered in New York City. This company’s credit rating was recently downgraded because its London unit sold credit default swaps on collaterized debt obligations that lost much of their value when sub-prime mortgages went south. In order to prevent the company’s collapse, the Federal Reserve crated an $85 billion credit line in exchange for an equity stake in the company. Currently the company is faced with another tough decision: should it hold its executive retreat in Cabo or Bali this year? And would Hank Paulson want...
...Even in the more conservative Western areas of Pennsylvania, however, Democrats think they may draw enough voters to prevent a McCain sweep in the rural counties. If nothing else, the economy has neutralized many of the social issues that might have drawn some Democrats and independents to McCain. "When you look at a meltdown of the economy, people sort of suspend the question of whether there is a lock on a gun or something and really focus on what's happening here," said Clifford B. Levine, a Pittsburgh attorney and chairman of Obama's Western Pennsylvania steering committee...
Absolutely. That's not to say there can't and shouldn't be stringent types of regulations to prevent abuse, protect minors and protect health. But it would be better from a public health perspective, and it would vastly improve the criminal justice system - among other things, by freeing up space and resources for others who are actually engaging in violent crime...
...response is clear. It's set out in the Responsibility to Protect (R2P), a doctrine adopted by the U.N. World Summit in 2005 - the largest gathering of world leaders in history - that made clear that a nation forfeits its right to sovereignty if it unleashes or is unable to prevent massive human-rights abuses on its soil. R2P was born from the collective shame over global inaction during atrocities in places such as Cambodia, Rwanda and Srebrenica. The most striking current example of R2P in effect is in Darfur, where the U.N. has agreed to deploy 26,000 peacekeepers...