Word: prevention
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...worry about underfunded pensions," says Williams. Now, though, successful firms with undervalued obligations may have to accumulate additional cash, amid the credit crunch, just to prop up their pension accounts. That's in part because evolving accounting standards - including those established in the Pension Protection Act of 2006 - prevent companies from getting too far underwater on their obligations to retirees. Public pensions have also been hit hard. State and local governments' pension funds support some 27 million Americans, and many have lost a fifth of their value this year. Virginia's retirement fund and California's Calpers have each fallen...
However long U.S. soldiers stay in Iraq, they will largely be out of the war-fighting game, focusing mainly on training the Iraqi army. Will that be enough to prevent Iraq from slipping back into sectarian civil war? Cautious optimists hope so. "Iraq is well on its way to becoming a normal Middle Eastern country, with all the good and the bad that that implies," says John Nagl, a retired Army officer who helped General David Petraeus draft the Army's new counterinsurgency manual. "As long as Iraq stays Page 26 news, that's O.K." But if anything goes wrong...
...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...