Word: staves
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Dates: during 2000-2009
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Nouriel Roubini, the New York University economics professor who was famously early in predicting that the end of the housing boom would cause a financial crisis, estimates that continued loan losses will force U.S. banks to come up with an additional $1.4 trillion just to stave off bankruptcy. And since the banks aren't likely to earn much money or attract new investors anytime soon, much of the money will have to come from the government...
...banks keep the loans and troubled bonds for now and instead provide the banks with insurance policies guaranteeing that the government will swallow a good deal of future credit losses. But a similar deal that the Fed struck with Citi did little to boost that company's stock or stave off fears that it may soon go under...
...Stern can't bring China along - and that will undoubtedly be one of his prime responsibilities - we're never going to reduce worldwide emissions enough to stave off that 5 to 7 degrees Celsius warming we're facing." - Ezra Klein, associate editor for The American Prospect, on the work Stern has ahead of him. (prospect.org, January...
...stimulate a stumbling economy? For decades, the consensus among economists was that this was a job best left to the Federal Reserve and to such automatic fiscal stabilizers as unemployment insurance. Passing laws in Congress to cut taxes or boost spending to stave off a downturn was seen as pointless at best. Such help would arrive too late or in the wrong place, the thinking went, or would have no impact at all. (See TIME's "Bailout Report Card...
...crucial in three- and eight-point losses to Cal Poly and Minnesota.Freshman Spencer Desena (2-5) bounced back from a difficult Midlands performance to notch a decision against the Mustangs, and Picarsic (2-1) earned his second victory of the day, but winning five of 10 bouts could not stave off defeat for the Crimson.Despite a nine-point deficit to open the final match, Harvard led the Golden Gophers through eight bouts. But the Crimson wasted falls by Jantzen and Caputo and a technical fall from Peppelman (13-6) as Minnesota dominated the top two weights to seal a win.MIDLAND...