Word: prevented
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Dates: during 2000-2009
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...banks as lending amounts shrink and credit costs increase." But the new offerings have their risk. Large public shareholdings made banks vulnerable to market fluctuations during Japan's lost decade - after the real-estate and banking bubble burst in the 1990s - and the government intervened to buy shares to prevent further bank losses...
...cheerleader for a united response to the crisis, French President Nicolas Sarkozy on Friday announced that France would be creating its own national sovereign fund to buy stocks in troubled private companies. On Tuesday, Germany had rejected Sarkozy's call to create a European-wide sovereign fund that could prevent Europeans waking up "to find European companies belong to non-European capital, bought when share prices were at their lowest point". Sarkozy also wants governments in countries that use the euro to have greater powers to manage it against other currencies, and to significantly extend the term lengths...
...times a day. When a stock's price jumps outside of its proscribed range, word goes out and trading switches over to an auction format for about five minutes to give all the market participants a chance to regroup, process any new information they might have - and to prevent the volatility from feeding on itself. "When markets aren't acting rationally, it's healthy to slow them down," said Richard Rosenblatt, CEO of the trading shop Rosenblatt Securities...
Keynes' argument was that when private citizens and businesses panicked and hoarded money, the only way to prevent depression was for government to become the spender of last resort. It's certainly acting like that now--the U.S. federal budget deficit may top $1 trillion in the current fiscal year, and everybody in Washington seems to be looking for ways to make it bigger. Federal Reserve Chairman Ben Bernanke backs more fiscal stimulus, and President Bush is on board too. Democratic congressional leaders are thrilled by the prospect. Even the Concord Coalition, founded to battle the big deficits...
...tense. Although Cappellani’s constant use of the present tense throws his reader into the midst of the action, it also restricts the scope of each scene to the immediate present and creates a monotonous effect. The brevity of each scene and the multiplicity of characters often prevent the reader from getting deeply involved with any one plotline, because just as a character begins to become sympathetic, the focus shifts to someone new. Moreover, although Cappellani’s casual language gives the voices of his characters and his narrator a very realistic, modern flavor, he seems...