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Compromising the cap to that extent attests to the Fed's belief that a bailout is necessary to avert greater harm to the financial system and the broader economy.
He says that rock-bottom rates were one of several economic forces inflating the bubble and that, in any event, they were necessary at the time to avert greater harm to the economy.
The judges made clear that Kennedy's surveillance tapes would have supported the defendants' argument at trial that they intended to avert greater harm from carbon emissions from the power station.
And yet, a spate of recent research from the Congressional Budget Office, Wall Street banks and independent economists has documented that the stimulus, while imperfect, helped avert greater job losses and a greater drop in economic output.
To avert greater than 50% of influenza cases at 17 days compared to no intervention, a case definition threshold of 27% was required (Figure 4).
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If our news media, including – or especially – the meteorologists, continue to ignore the essential link between extreme weather and climate change, then we as a nation, the greatest per capita polluters on the planet, may not act in time to avert even greater catastrophe.
Making hard choices now will help avert much greater hardship in the future.
While economists generally agree it has helped avert even greater job losses, Republicans seize on the continued high unemployment rate to argue that the plan has been a costly failure.
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.
That has raised the possibility that their removal was sanctioned by the new heads of military intelligence, Abdel-Fatah el-Sissi and Mohamed El-Assar, in order to avert a greater challenge to their authority in later months.
"One thing we are concerned about," said Paul Hinton, the chief executive of A. Bilbrough & Company., which manages the London Club's insurance program, "is why was the ship towed out to sea and not given immediate refuge?" Mr. Matas defended the decision, saying that the government acted swiftly and properly to avert a greater catastrophe.
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