Word: pushed
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Dates: during 2000-2009
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...Sarkozy set high expectations for the summit by calling for the "moralization of financial markets" and a wider push to "re-found the capitalist system." When he and Bush announced the agreement for the summit, the French President envisioned a new regime to prevent "those who have led us to where we are today from being allowed to do so once again." Bush's emphasis was elsewhere: he talked of common rules to "preserve the foundations of democratic capitalism, (and) the commitment to free markets, free enterprise and free trade." So which will...
...interviews, Wall Street executives, like John Mack, CEO of Morgan Stanley, talk of reducing their leverage to a ratio of 12 to 1 - a regulatory requirement, now that both Morgan and Goldman have turned themselves into commercial rather than investment banks - as if there were some button they could push to make it happen. But the truth is that for U.S. banks, reducing their use of debt and rebuilding their devastated balance sheets is a long and painful process. Deleveraging is part of what creates a credit crunch: institutions that have been hammered by the decline in real estate prices...
...ameliorate the effect of a struggling economy. But because Iran imports crucial refined diesel to keep its cars and factories running, it needs to sell its crude oil for $60 a barrel or more, according to oil analysts. So, President Mahmoud Ahmadinejad has plenty of incentive to push his OPEC colleagues to vote for production cuts: If falling prices force his government to cut its heavy gasoline subsidies, he won't help his chances of reelection in a tough presidential race next June. "There is a lot of popular unrest when they cut subsidies or put on gas quotas," says...
...just three months, from $147 a barrel in July to as low as $67.50 a barrel on Wednesday. That has prompted current OPEC president, Algerian Oil Minister Chakib Kjelil, to propose that the group cut up to 2 million barrels from its daily 32-million barrel output, hoping to push the price back up to about $90 a barrel. The effect would be to raise prices in the U.S. and Europe, just when Western leaders are scrambling to soften the landing of their slowing economies. OPEC's proposal, fumed British Prime Minister Gordon Brown last Friday, "is absolutely scandalous...
First, from a pragmatic point of view, Chambers could not have hoped to achieve much by way of reform with his stunt. As a state senator, Chambers is already in a position to push for initiatives that could reform too-liberal legal conceptions of what makes a trial worth holding. The senator’s lawsuit served only to exacerbate the problem against which he was supposedly campaigning...