Word: staving
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Faced with a combination of falling sales, an increasingly unstable U.S. economy and rising gasoline prices, General Motors Corp. has unleashed another huge wave of budget and financial cuts that the company's top executives described as a "self-help" plan designed to stave off any potential "liquidity crisis." The cutbacks appear to involve every level of GM's operations, including shedding the Hummer and decreasing its support for NASCAR. Said GM's chairman and chief executive officer Richard Wagoner: "Conditions are extremely unsettled. We're trying to protect the enterprise long-term. We're going to have to ride...
...Inflation When Jean-Claude Trichet, the president of the European Central Bank (ECB), announced a 0.25 percentage point increase in Europe's key lending rate on July 3, he contended that it was critical to stave off the so-called secondary effects of inflation and "to neutralize the growing risks to price stability." In plain English, that means he's worried about an inflationary spiral in which manufacturers of industrial and consumer goods raise prices to compensate for higher costs - and workers demand hefty pay increases so they can afford the rising cost of their household purchases. The risk...
...light of today's ruling, he sees only a 1% chance that the AKP might scrape through its upcoming court case. "Even if you don't agree with a court verdict, you should still be able to respect its legality. But the establishment is so busy trying to stave off what it sees as the imminent danger of political Islam, it isn't calculating the longer-term damage to our soul...
...Though routine maintenance work can way to stave off larger construction projects, the College should “expect that at some point, you may have to commit to a bigger period of time” to confront larger problems from a wider perspective, Dingman said last week...
No.1 singles saw Kumar stave off a second-set comeback attempt by senior Jason Pinsky The Harvard senior stormed out early by breaking serve in the first game, but Pinsky crawled back and tied the set up at 5-5 with a break of his own. Kumar ultimately pulled away with another break in the 11th game, setting up service...