Word: prudently
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Dates: during 2000-2009
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...launch a program can be fraught. According to Jacob Weisberg's book The Bush Tragedy, President George W. Bush and Vice President Dick Cheney were split in 2002 over whether to administer a nationwide smallpox vaccination program in the U.S. Cheney said that doing so would be a prudent counterterrorism step. Bush overruled him because the program could have resulted in dozens of deaths. (Statistical analysis has shown that the smallpox vaccine kills between one and two people per million inoculated.) Health officials don't always get the decision right. In March 1976, the U.S. government ordered a mass vaccination...
...found was that when spending on active labor-market programs exceeded $190 per head per year, rises in unemployment had no adverse effect on suicide rates," Coutts explains. "When you think that governments are spending hundreds of times that much to bail out banks, it would seem to a prudent investment." (Read: "In Hard Times, Olympic Plans Go on a Budget...
...being too risk-averse and promptly left a conference room where they were meeting to place a multimillion-dollar bet with the firm's money that the dollar would rise against the yen. Blankfein's bet - one of his favorites - paid off, and he impressed his partners as a prudent risk taker. He would do the same thing - exhort them to take greater risks - 10 years later and then persuade them to reverse course after December...
...dresser, has lost weight and has given up smoking and gambling. He shaved his once unsightly beard. "I wasn't going to make myself taller," he once quipped when asked about his transformation. He in effect reduced the risks in his personal life as he ratcheted up the risks - prudent, to be sure - that Goldman was taking under his leadership. (See George W. Bush's biggest economic mistakes...
Among his friends, Michael is no longer the chump because now he's buying a new house, freshly marked down, in Hidden Springs, a Pleasantville-esque string of subdivisions tucked into the Boise foothills. The conscientious people who were prudent with their money are buying a nicer home. There's almost something quaint about it. Quaint and good...