Sentences with phrase «economic calamity»
The phrase "economic calamity" refers to a severe and disastrous event or situation that significantly impacts a country's economy. It can lead to widespread financial distress, such as high unemployment rates, poverty, inflation, or a recession. Basically, it's a huge problem that affects everyone's money and financial well-being. Full definition
Once again, fears of some sort of economic calamity in Europe roiled the markets.
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When the U.S. scored a near miss on economic calamity in 2008 - 09, the Federal Deposit Insurance Corporation (FDIC) increased deposit insurance to $ 250,000.
The nice thing about having a few billion dollars is the way it lets you ride out little bumps in the road like, for instance, a global economic calamity.
Finalists: How Markets Fail: The Logic of Economic Calamities by John Cassidy (Farrar, Straus and Giroux) and The Evolution of God by Robert Wright (Little, Brown and Company)
If Merkel again wins reelection this September, it will partly be because of her anodyne affect in the face of Europe's prolonged economic calamity, and for her patent refusal to say how she envisions the crisis ever ending.
Hagel's nomination comes on the heels of a New Year's Day deal that averted economic calamity when lawmakers agreed to prevent huge tax hikes and government spending cuts.
U.S. President Barack Obama remarked on how European decision - making in the face of economic calamity struck him as «laborious» and «time - consuming,» before heading back to Washington, where laborious, time - consuming efforts to cope with America's deficit continue.
Visions of the chancellor desperately paddling away from a whirlpool of economic calamity seem all to easy to conjure up.
Income tax would come up, the health service budget would have to be slashed and we should stay in the dreadful European Union, because economic calamity would be the alternative.
In fact, although educators might not want to recognize it, the current economic calamity should drive home the reality that the economic forces at play in the world dwarf the effects of education.
«We're never going to back off on investment in new vehicles,» despite economic calamity that has Europe reeling, says the auto maker's CEO.
It's not always a widespread economic calamity that causes a company to cut its dividend.
Getting back on track for 2 °C would, at this point, entail the sort of drastic emissions cuts usually associated with economic calamities, like the collapse of the Soviet Union or the 2008 financial crisis.
Taxpayers are facing economic calamity as a result of the Ontario Liberals» 2009 Green Energy Act (GEA).
CUMULUS CAUSALITY In «A Formula for Economic Calamity,» by David H. Freedman, David Colander of Middlebury College asserts that climate models often have no terms to account for the effects of clouds.
The global economic calamity has hit Spain hard.
So why would companies offer to pay what Chouinard and Matthews call a «self - tax» in the face of economic calamity?
What if another economic calamity happens, such as Greece leaving the eurozone?
The economic calamity that naturally goes with over-subsidization and punitive market manipulation has proven time and again to create more problems than it solves and this is no exception.
But here are four measures that either Congress or the Trump administration could take to stop a natural disaster from turning into an economic calamity.
Unlike Louverture, they have portrayed subsistence farming as a legitimate — even a more ecologically benign — alternative to commercial agriculture, rather than the economic calamity it was.
«America is suffering through an economic calamity of truly historic dimensions,» said Senate Minority Leader Mitch McConnell of Kentucky.
When you look back at great turning points in history, whether wars or economic calamities, the world sometimes knows what it is going to happen and other times it doesn't.
But having at least some on hand can provide peace of mind in the worst of financial and economic calamities.
However, America is not the only country that is negatively affected by this economic calamity.
An economic calamity in Europe or China or an attack on Iran could ratchet up flight - to - safety even further, boosting US bond prices even more.
What began almost three years ago as a problem in the housing market had turned into an economic calamity.
For years, research has questioned the environmental benefits of corn ethanol, and now widespread production of corn ethanol has turned out to be an environmental and economic calamity.
[See «A Formula For Economic Calamity» in the November 2011 issue].
But what happens if we have another economic calamity before the home can be sold?!
«FHA is a government mortgage insurance program that's been around since the Great Depression; it's here to help working families have access to credit, and God forbid in times of economic calamity, FHA is there for you.