Word: weaker
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Dates: during 1990-1999
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...rubble lies Maastricht. What happened? The ERM tied E.C. currencies to the German mark. But much of Europe -- notably Britain and Italy -- was unable to keep up. The German central bank had jacked up interest rates to dampen the inflation caused by huge deficit spending on eastern Germany. The weaker E.C. countries had a choice: a) match Germany's high interest rates and risk both deep recession and political suicide; or b) drop out of the ERM. Not surprisingly, they chose...
...federal regulators began enforcing the new rules with an iron fist, many banks and borrowers started to howl. Last year the Bush Administration ordered regulators to ease up, but so far, most bankers remain fearful that any laxity on their part will bring regulatory punishment or even closure. "The weaker banks want to spend more time trying to clean up their balance sheets than making new loans," says Verne Istock, vice chairman of Detroit's NBD bank...
Affected manner aside, Lanegan growls through the songs with determination. He has one of the most limited ranges of any vocalist, but he powers vocals through tracks where weaker singers would be swallowed whole...
After falling to Maine, one of the weaker squads on its schedule, Harvard has "returned to basics in the last two practices," said Luzak...
Perhaps the most traumatized have been property-casualty insurers, which account for 33% of the industry's revenues of $700 billion. Even before Hurricane Andrew, trouble was brewing. It took Andrew, however, to expose the industry's shortcomings and unmask the weaker players. Such major insurers as State Farm (surplus capital: $18 billion) and Allstate ($8 billion) will have enough financial staying power, but some less capitalized firms are getting wiped out. Last week the Florida department of insurance seized two insolvent insurers, Florida Fire & Casualty in Fort Lauderdale and Great Republic in Miami, and placed about a dozen others...