Word: wavingly
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...bonds (so-called open-market operations). Instead, it made a bad situation worse by reducing its credit to the banking system. This forced more and more banks to sell assets in a frantic dash for liquidity, driving down bond prices and making balance sheets look even worse. The next wave of bank failures, between February and August 1931, saw commercial-bank deposits fall by $2.7 billion - 9% of the total. By January 1932, 1,860 banks had failed...
What Giedd's long-term studies have documented is that there is a second wave of proliferation and pruning that occurs later in childhood and that the final, critical part of this second wave, affecting some of our highest mental functions, occurs in the late teens. Unlike the prenatal changes, this neural waxing and waning alters not the number of nerve cells but the number of connections, or synapses, between them. When a child is between the ages of 6 and 12, the neurons grow bushier, each making dozens of connections to other neurons and creating new pathways for nerve...
...presidency will be a failure. One plausible path to success is proposed by the moderate Democratic scholars William Galston and Elaine Kamarck in a new Third Way paper appropriately titled, "Change You Can Believe in Needs a Government You Can Trust." Galston and Kamarck believe the next wave of activism is going to have to be different from government past - precise, streamlined and accountable. In order to build credibility with a severely skeptical public, it will have to be accompanied by a major government reform effort...
...International Republican Institute, 71% of Pakistanis oppose Pakistan's cooperation with the U.S. against Islamist militants. For critics of the policy, it has always been "an American war" forced on an unwilling country, and they blame it for bringing the Afghan conflict over the border and encouraging a wave of terrorism in Pakistan's major cities...
...Over the last decade, rising sea levels have caused severe problems for Kiribati, including increasing high tides, harsher wave action, and coral breaching. Coupled with the scarce resources, a recent year-long drought, and exorbitant fuel and food prices that have crippled an already unstable economy, the newest crises promise to make the atolls uninhabitable in the near future...