Word: prop
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Dates: during 2000-2009
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...there is no Hank Paulson in Europe, nor a precise counterpart to Federal Reserve Chairman Ben Bernanke. Jean-Claude Trichet heads the European Central Bank, but it cannot play the lender of last resort, as the Fed did on Sept. 16 by loaning $85 billion to prop up the U.S. insurance giant AIG. In Europe, governments must act instead...
...finance ministers at least came to a rhetorical agreement to prop up "system-relevant" banks. But which are they, and how many billions does Europe have to deploy? We'll cross that bridge when we get there, the ministers mumbled; meanwhile, we'll wait for the E.U.'s summit on Oct. 15. Share prices, of course, did not wait to plunge even further...
...Matt Samson of Californians for Safe Food–the group representing the egg industry and other opponents of Prop Two–insists this isn’t about the money...
...hasn’t sparked the feared salmonella epidemic. If anything, less densely packed birds are less vulnerable to air-borne diseases and less likely to require antibiotics to stay alive–which explains the endorsements of the Center for Food Safety and Senators Boxer and Feinstein for Prop...
...Samson and Prop Two’s opponents also argue that the initiative won’t help chickens. “A lot of the conventional wisdom about chickens is true...chickens do flock together,” he said, suggesting that chickens are less stressed in cages...