Word: widespreading
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...When rumors that the new Roosevelt Administration would devalue the dollar led to widespread flight from dollars into gold, the Fed raised the discount rate, setting the scene for the nationwide bank holiday proclaimed by President Franklin Roosevelt on March 6, 1933, two days after his Inauguration - a "holiday" from which 2,500 banks never returned...
...response, the World Health Organization (WHO) in June recommended widespread use of a new, faster test that can screen for drug-resistant TB in the blood in one or two days. But it requires sophisticated lab facilities for amplifying genes that are beyond the limited resources of most developing nations. "It will be very difficult to bring expensive technologies, machines and trained technicians on a wider scale," predicts Dr. Arvinder Pal Gill, district TB officer in Moga, in India's Punjab region. In addition, the test can detect only MDR TB, not the emerging XDR strains. But both...
...made unprecedented gains in the national parliamentary elections, taking almost 30% of the vote. Both the Freedom Party and the Alliance for the Future of Austria have been tainted by accusations of neo-Nazism and xenophobia. Analysts, however, credit their success less to a tilt toward extremism than to widespread frustration among Austrians with the ruling moderate parties. The shaky coalition has proven unable to reach agreements on key economic and social issues...
...Paulson did not use those words when he went on TV a few days later - probably because he was afraid of provoking widespread financial panic. But that risk needs to be weighed against the risk that no one will panic...
...hardship, because there was no one to stand up and explain the situation. The Dow Jones industrial average dropped 778 points on the news. Treasury Secretary Hank Paulson warned Monday afternoon that car loans and student loans were likely to tighten. Other economists have warned of the possibility of widespread corporate failures and unemployment, if the short-term credit markets freeze up. Bank failures, or mergers, are likely to continue. The taxpayer costs of federal insurance on deposits could increase...