Word: quells
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...economy contracted. The initial policy reflex to raise interest rates, curb investment and dampen consumption rendered a dire situation worse, just as similar Hooverite measures had once done in the U.S. In the late 1990s, with social and political upheaval at hand, Japan was finally jolted into action. To quell a threatening run on the banks, the government declared that it would guarantee every deposit in the country, and injected trillions of yen into the financial system. Still the economy failed to respond. With all of Asia then in a state of unprecedented financial collapse, the Bank of Japan adopted...
China's leaders had better try to win them back. Violent local protests are convulsing the Chinese countryside with ever greater frequency--and Beijing has proved unable to quell the unrest. By the central government's own count, there were 87,000 "public-order disturbances" in 2005, up from 10,000 in 1994. Most took place in out-of-the-way hamlets like Panlong, where peasants who were once the backbone of the Communist Party feel excluded from China's full-throttle economic development. Many of China's 900 million rural inhabitants are farmers, who have little legal or political...
...home from work. By the time the President moved to quash it several days later with assurances that he wouldn't have allowed the deal "if there was any chance that this transaction would jeopardize the security of the United States," it was far too late to quell the Republican rebellion. "This freight train had already left the station," says a Bush aide. And the President's threat to use his first-ever veto was no obstacle to its momentum...
...culpa could not quell an uprising from members of the Faculty of Arts and Sciences (FAS), who assailed Summers’ leadership and voted in March 2005 that they lacked confidence in the University’s leader...
After enduring an hour-long assault on his leadership at the Faculty meeting this past Feb. 7, Summers said yesterday he initiated contact with Corporation members to discuss “compromise arrangements” that might quell the “clear sense of hostility” within...