Word: triggering
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...Governor pointed out that there was a precedent for such action in the moratoriums on mortgage payments enacted during the Depression. These were subsequently upheld by the U.S. Supreme Court. But the deferral of payments may trigger lawsuits by noteholders...
...Joint Economic Committee that the Federal Reserve lacks authority to help New York; only Congress can do that. Somewhat contradictorily, he continued to maintain that "the damage stemming from a prospective default is likely to be short-lived." But under questioning, he hedged and said that a default could trigger a recession. Added Burns: "If I were a member of Congress and a vote were taken today, I'd vote against help for the city. How I would feel two weeks from now, I cannot say." He suggested that the best way to help New York would be a federal...
...midweek, a small white car sped past police headquarters in the Barcelona suburb of La Verneda just after midnight and sprayed the modern building with machine-gun fire. No one was injured. A few moments later, another white car approached the station. Trigger-happy police, believing the second car to be part of the assault, blazed away with their weapons, killing the auto's passengers-a couple and their son returning home from a wake. For reasons still unknown, the police inside the headquarters then fired at a gray police Jeep that had been following the second...
...will have a hard time finding any investors at all. The chairman of the House Committee on Banking, Currency and Housing is worried about "lethal fallout on the rest of the country and the world." Even Arthur Burns, chairman of the Federal Reserve Board, recently admitted that default could trigger a recession...
...opportunity to become celebrities," says Dr. Judd Marmor, president of the American Psychiatric Association. "Publicity gives them an ego massage." Yet Psychiatrist Edward Stainbrook of the University of Southern California School of Medicine thinks press coverage has little to do with inciting potential assassins to pull the trigger. "They have much more personal, much more fantasy-like motivations than to call attention to themselves," he says. "News coverage does not mobilize a person's fantasies. The press merely reports reality." Adds NBC'S Wald: "There is no indication that Mrs. Moore was influenced by the coverage of Squeaky...