Word: resorting
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Dates: during 2000-2009
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Benjamin J. Oldfield, a medical student, said that layoffs should be a last resort, and that he has seen no drastic efforts to reduce other costs...
...progressive moment because markets have failed and we have got to show that they can be brought to work in the public interest," he told the summit in the Chilean beach resort of Vina del Mar. "It's a progressive moment because we have new administrations, particularly in America, that understand the opportunities as well as the challenges ahead. But it is also a progressive moment if we can find, not just a theory for explaining why markets have failed, but if we can find the policies that will ensure that this new global economy can be made to work...
...erect two of those crucial four pillars. Last fall they introduced Fed-sponsored insurance for money-market deposits, the equivalent of the FDIC insurance that exists for regular bank accounts. At the same time, they opened Fed lending to financial-services companies, making the Fed the lender of last resort for those firms, just as it is for traditional banks. In the past two days, Geithner unveiled the final two safeguards that he, Bernanke and Bair believe will help to prevent a future widespread financial meltdown: the power to take control of collapsing companies to ensure their failure is orderly...
...property lies on Pulau Langkawi, the largest of the islands. Like McMurtrie's Bon Ton resort next door, Temple Tree is a collection of antique timber houses from all over the country, and its 2.5-acre (1 hectare) compound looks somewhat like a museum of traditional Malaysian architecture. These nine houses, mostly derelict and abandoned when McMurtrie saved them, have been painstakingly disassembled, moved and reassembled in what was once a field thick with reeds. Original features have been lovingly restored. (See 10 things to do in Singapore...
...1920s Eurasian house that once stood on Penang's York Road is the location of the resort's reception and restaurant. You can also book yoga and culinary classes here (McMurtrie is a great cook and her desserts are legendary). And if you need to escape this leafy idyll for a while, your cat will walk you to reception, where you can charter one of McMurtrie's yachts for a sunset cruise...