Word: staving
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Dates: during 1990-1999
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Such steps may stave off short-term banking crises, but over the long haul, more dramatic changes are needed. During the past 20 years, commercial banks have been muscled out of many of their traditional lines of business by other segments of the financial industry. Most important, few major corporations still borrow from banks; they float their own commercial IOUs. When banks looked for borrowers elsewhere, they ran into one bad risk after another, most notably the Third World countries. Says Katherine Hensel, a banking analyst for Shearson Lehman Hutton: "Just look at the legacy here. On the heels...
...good as his threat to make sure his Western "guests" suffer the same fate as Iraqis? The Administration's answer is that it would try to fine-tune the effort to maximize the discomfort of Iraqis, and thus the political pressure on Saddam, without causing actual starvation. To stave off a famine, it might, for example, agree to permit emergency shipments of baby formula and grain...
While HGH cannot make time stand still, it may help stave off some of the worst effects of aging, including the muscle deterioration that leaves many older people unable to climb stairs or carry groceries. No one yet knows if the larger muscles that HGH stimulates in the elderly will function as younger muscles do. But if that turns out to be the case, at least some of the elderly could get a chance to be more active and productive in their final years...
...vengeance's sake, exact a pound of flesh. Their motivation for doing so is reinforced by the perceived indifference of the press to individuals' rights and sensibilities. Though many newspapers have established corrections policies, few offer the aggrieved a hearing before an impartial arbiter. No arbitration process will stave off all lawsuits, of course. But until more news organizations create other remedies for the aggrieved, they and their attorneys will constantly be in court, hoping for a sympathetic hearing from judges and juries who are far from convinced that the press is really on the side of the angels...
...Bank of Japan would have moved sooner to raise interest rates and stave off inflation, but it was stymied by the Ministry of Finance, which wanted to delay the increase in an effort to prop up stock prices and sustain economic growth. The battle between the central bank and the Finance Ministry was unusually public and sparked widespread anxiety among investors. "For the first time in memory, there was an open dispute. That was very un-Japanese, and it caused a lot of uncertainty," observes Robert Hormats, vice chairman of Goldman Sachs International. By midweek the Finance Ministry agreed...