Word: prop
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Dates: during 2000-2009
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...Canada's central bank also slashed its overnight rate three quarters of a percentage point, to 1.5%, the lowest level since 1958 when John Diefenbaker was prime minister. The move is intended, in part, to prop up sinking consumer confidence and provide some much-need relief for key sectors such as forestry, mining and oil that have been particularly hard hit in recent months by a commodity bust. (See pictures of the global financial crisis...
...Authority on Development, or IGAD, scolded Yusuf and Hussein for infighting. Their dispute grew even more bitter after Hussein fired the mayor of Mogadishu and the pair could not agree on new Cabinet appointments. Ethiopian Prime Minister Meles Zenawi, who ordered his troops into Somalia two years ago to prop up the transitional government, called the squabbling a "never-ending saga" that must end. The Council of the European Union declared the same, saying it was time for the transitional government's leaders "to end these conflicts and to concentrate on the real challenges faced by the Somali people, notably...
...first, the Kremlin tried to prop up the currency, but after blowing through tens of billions of dollars in September and October, it changed course in mid-November, and has since begun a policy of phased devaluation. That's calling up bad memories of the ruble's collapse in 1998, and prompting nervous talk around kitchen tables about what to do this time around. On Dec. 4, Putin fielded vetted questions from around the nation on a televised call-in show. One of the most poignant was a text message from an unnamed viewer: "What will happen to the ruble...
...author shows how the Asian and Latin American financial crises of the 1990s foreshadowed the current situation and argues that the rise of unregulated financial institutions--or "shadow banks"--since then has been the real problem. The solution: Policymakers around the world need to "get credit flowing again and prop up spending." Until that happens, though, it's time to hunker down and "relearn the lessons our grandfathers were taught by the Great Depression...
...little hope for a rebellion. "The population is fatigued, most of the middle class has left, energy is very low, and Zimbabwe's population is anyway very conservative," he says. "On top of that, the paradox of the cholera epidemic is that the outside emergency aid it attracts will prop up Mugabe...