After Bank of America told regulators in December that it might walk away from Merrill because of mounting losses at the brokerage, government officials said they decided they needed to take immediate action to avert a systemic risk.
So is it really worth using public resources now to avert an uncertain, distant risk, especially when the cash could be spent instead on goods and services that would have a measurable near-term benefit?If the risk is big enough, yes.
"We should stick with it, and quickly reach a budget deal to avert a government shutdown that would risk these fragile gains".
Convictions seemed quite likely this week after the judge, James M. Burke, rejected the group's "necessity defense," an argument that civil disobedience was justified to "avert a greater harm" -- the potential risk of fire deaths.
But even some Republicans sympathetic to Ms. Palin suggested that she needed to find a more substantive and nuanced means of addressing the criticism to avert any risk to her political standing and to maintain control of her political narrative.
Nonetheless, to achieve its goal and avert any risk of being deprived of the right to host the World Cup, Qatar will have to follow through on its promises to significantly improve workers' working and living conditions.
It would not solve the problem, but could avert an immediate crisis.To reduce such risks, China must introduce a range of reforms.
President Obama took a huge political risk, averted a massacre and helped topple an odious regime.
Eurozone finance ministers have finally approved the terms of a second rescue package for Greece worth €130bn (£108bn), which should avert the risk of a Greek default next month.
The evolutionary purpose is evidently to avert the risk that a damaged stem cell might evade controls and proliferate into a tumor.
