Word: underpinning
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Those days in Tokyo underpin Geithner's current worldview. Remember: Japan went from boom to bust because a credit-fueled housing bubble burst. Sound familiar? The result was Japan's infamous Lost Decade of little to no economic growth. And it was, in part, the withdrawal of Japanese capital from the region that helped set off the Asian crisis in 1997 and '98 - when countries from Thailand to Russia to Indonesia to South Korea devalued their currencies and saw their economies crash. The lesson for Geithner was clear. "From my time in Japan and then dealing with the crisis...
...Canadian doctor of Vietnamese-Chinese origins, and uses his firsthand experience of the world of medicine to underpin the dozen stories in this book. The pieces are interrelated, lightly and adroitly, by the recurrence of four common characters, Fitzgerald, Chen, Ming and Sri, all doctors. In some stories, Lam writes about his characters in the third person; for others, he uses the first. In less adept hands, this technique could easily seem affected. But Lam's handling of the quickly shifting perspectives is deft and gives the collection an agreeable dynamism...
...These days, the field of engineering enjoys a more elevated status—on par with medicine, business, and law—which it has attained by being at the cutting edge of knowledge and by making positive contributions to society. Moreover, advances from the field now underpin almost every aspect of our lives—including the digital cameras you and your parents are no doubt clicking at this Commencement. When you go to post the files on Facebook, a company conceived in a Harvard dorm room, consider that few had heard of social networking at the start...
...been muted. "It certainly isn't going to reverse all the changes in lending policies we have seen in recent months, or restore mortgage lending to its former levels," Iain Cornish, chairman of the Building Societies Association, said of the Bank's scheme. "But it should help to underpin confidence...
...United States achieves universal health coverage, the magazine wrote, “it’ll likely be thanks to David Cutler, whose proposals underpin the plans put forth by Hillary Clinton, John Edwards, and Barack Obama,” the three leading Democratic presidential hopefuls...