This session, for instance, may have insured a financial crisis two years from now.

Lincoln successfully led his country through its greatest constitutional, military and moral crisis – the American Civil War – preserving the Union while ending slavery, and promoting economic and financial modernization.

Running the courts was one of the major expenses of the Athenian state and there were moments of financial crisis in the 4th century when the courts, at least for private suits, had to be suspended.

This is a serious problem if one has either a single trade or many related trades with a single counterparty, whose failure thus poses a threat, or in the event of a financial crisis when many counterparties fail.

For example, if one purchases many risky bonds, then hedges them with CDSes, profiting from the difference between the bond spread and the CDS premium, in a financial crisis the bonds may default and the CDS writer / seller may itself fail, due to the stress of the crisis, causing the arbitrageur to face steep losses.

Prices may diverge during a financial crisis, often termed a " flight to quality "; these are precisely the times when it is hardest for leveraged investors to raise capital ( due to overall capital constraints ), and thus they will lack capital precisely when they need it most.

Because the markets were already nervous due to the Asian financial crisis, investors began selling non-U. S. treasury debt and buying U. S. treasuries, which were considered a safe investment.

The introduction of free trade between Russia and Belarus in mid-1995 led to a spectacular growth in bilateral trade, which was only temporarily reversed in the wake of the financial crisis of 1998.

The global financial crisis started to apply downward pressure on growth and employment in the last quarter of 2008.

In 2010 the budget is to be only 1. 3 % due to the international financial crisis.

The number of societies in the UK fell by four during 2008 due to a series of mergers brought about, to a large extent, by the consequences of the financial crisis of 2007-2010.

In 2010, the New York Times noted that several directors who had overseen companies which had failed in the financial crisis of 2007 – 2010 had found new positions as directors.

As of September 2011, Canada's national unemployment rate stood at 7. 1 %, as the economy continues its recovery from the effects of the 2007-2010 global financial crisis.

The term " crony capitalism " made a significant impact in the public arena as an explanation of the Asian financial crisis.

Growth in real GDP averaged 8 % from 1991 – 1997, but fell to half that level in 1998 because of tight monetary policies ( implemented to keep the current account deficit in check ) and because of lower export earnings, the latter which was a product of the Asian financial crisis.

After a decade of impressive growth rates, Chile began to experience a moderate economic downturn in 1999, brought on by unfavorable global economic conditions related to the Asian financial crisis, which began in 1997.

However, by 2009, it has been reported that $ 21 billion had been lost from the pension system to the global financial crisis.

Faced with an international economic downturn the government announced a $ 4 billion economic stimulus plan to spur employment and growth, and despite the global financial crisis, aimed for an expansion of between 2 percent and 3 percent of GDP for 2009.

In 2012, Cyprus became affected by the Eurozone financial and banking crisis.

Fitch said Cyprus would need an additional € to support its banks and the downgrade was mainly due to the exposure of Bank of Cyprus, Cyprus Popular Bank and Hellenic Bank ( Cyprus's 3 largest banks ) to the Greek financial crisis.

This did not happen all around the world at the same time, but occurred sporadically, generally in times of war or financial crisis, beginning in the early part of the 20th century and continuing across the world until the late 20th century, when the regime of floating fiat currencies came into force.

The primary function of a central bank is to manage the nation's money supply ( monetary policy ), through active duties such as managing interest rates, setting the reserve requirement, and acting as a lender of last resort to the banking sector during times of bank insolvency or financial crisis.

According to Cassius Dio, a financial crisis emerged in AD 39.

A brief famine of an unknown size occurred, perhaps caused by this financial crisis, but according to Suetonius a result of Caligula's seizure of public carriages, according to Seneca because grain imports were disturbed by Caligula using boats for a pontoon bridge.

They opposed the Forand bill, which would have placed the major burden of financial support upon the individual himself through compulsory payroll deduction ; ;

A Member of the United Nations which is in arrears in the payment of its financial contributions to the Organization shall have no vote in the General Assembly if the amount of its arrears equals or exceeds the amount of the contributions due from it for the preceding two full years ''.

According to the official interpretation of the Charter, a member cannot be penalized by not having the right to vote in the General Assembly for nonpayment of financial obligations to the `` special '' United Nations' budgets, and of course cannot be expelled from the Organization ( which you suggested in your editorial ), due to the fact that there is no provision in the Charter for expulsion.

This includes assistance in -- assembling the basic economic, financial, technological, and educational information on which programing depends ; ;

Since that time the demands of the citizens for new and expanded services have placed financial burdens on the state which could not have been foreseen in earlier years.

It should be kept in mind that the ease or difficulty with which a town or city can convert to the proposed plan is directly dependent upon the financial condition of that town or city.

For those communities which have financial difficulties in effecting adjustments, there are a number of alternatives any one of which alone, or in combination with others, would minimize if not even eliminate the problem.

Upon such sale, there shall be returned to any State or public agency which has contributed financial assistance under Section 3 of this joint resolution a proper share of the net proceeds of the sale.

The problem in the policy officer's mind thus begins to take shape as a galaxy of utterly complicated factors -- political, military, economic, financial, legal, legislative, procedural, administrative -- to be sorted out and handled within a political system which moves by consent in relation to an external environment which cannot be under control.

Fortunately, it is the FHA which has arrived at this conclusion, for it means that cooling equipment of all kinds may now be included in a mortgage, and thus acquired with a minimum of financial stress.

Not only were the court costs prohibitive, but I was subjected to crippling fines, in addition to usurious interest on the unpaid `` debts '' which the government claimed that Metronome and I owed -- a severe financial blow.

`` Emory could not continue to operate according to its present standards as an institution of higher learning, of true university grade, and meet its financial obligations, without the tax-exemption privileges which are available to it only so long as it conforms to the aforementioned constitutional and statutory provisions '', the statement said.

-- Alfred Hayes, president of the Federal Reserve Bank of New York, said Tuesday `` there is no present need for far-reaching reforms '' which would basically alter the international financial system.

André-Marie Ampère took his first regular job in 1799 as a mathematics teacher, which gave him the financial security to marry Carron and father his first child, Jean-Jacques, the next year.

On May 23, 1845, Abby May was granted a sum from her father's estate which was put into a trust fund, granting minor financial security.

He had achieved considerable financial success in his tailoring business, which he sold in order to concentrate on politics.

The American Institute of Certified Public Accountants ( AICPA ) defines accountancy as " the art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of financial character, and interpreting the results thereof.

The significance of the Res Gestae Divi Augusti from an accounting perspective lies in the fact that it illustrates that the executive authority had access to detailed financial information, covering a period of some forty years, which was still retrievable after the event.

The ARIN membership elects the Board of Trustees ( BoT ), which has ultimate responsibility for the business affairs and financial health of ARIN, and manages ARIN's operations in a manner consistent with the guidance received from the Advisory Council and the goals set by the registry's members.

Alcoholism is associated with loss of employment, which can lead to financial problems.

The reality is that Micheline Musseli Pozzo di Borgo, a French aristocrat who at 20 was France's youngest lawyer ever, brought considerable wealth to her marriage to Lerner and lost most of it through him, including nearly $ 600, 000 from the sale of her Parisian apartment, which Lerner placed in investments that either failed or were looted by him during periods of financial desperation.

which was very successful until the club ended because of financial problems.