Gift cards often get a bad rap as the last resort in holiday shopping, what we supposedly get only when all hope of a carefully considered present has gone out the window.
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These options have now been ruled out for Thames Valley but, in future, mergers and takeovers should not be regarded as the last resort: it may well be the best and quickest solution for an ailing university to be absorbed by another with successful courses, high standards, good management and a strong image.
The plan must still be approved by Congress, but after the dust clears the Fed will not only serve as the lender of last resort to the ailing mortgage buyers but will also have a consultative role in their regulation.
The first set of tools, which are closely tied to the central bank's traditional role as the lender of last resort, involve the provision of short-term liquidity to sound financial institutions.
That leaves our central bank as the buyer of last resort and is the primary reason why gold is rising against all currencies and recently reached a nominal all-time high in U.S. dollars.
European leaders have staked their credibility on the euro succeeding as a political project, so they are reluctantly preparing the new rescue package as a last resort to prevent the eurozone's first sovereign default.
As the lender of last resort, it must do more to save the banks by offering unlimited liquidity for longer duration against a broader range of collateral.
Many kids are prescribed the drugs as a last resort, said Correll, the leader of the weight gain study.
Pensions would be provided entirely by the private sector, with the state intervening only as a last resort for the genuinely needy.
Moreover, the ECB remains adamant that it cannot intervene as the lender of last resort to euro-zone sovereigns.
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That was one reason he believed there was a case for government intervention: to act as the spender of last resort.
British Prime Minister Gordon Brown sought to soothe troubles nerves by reiterating that his government will stand as the bank of last resort.
Four years ago self-publishing was viewed as the option of last resort for authors, where failed authors went, but this attitude is changing dramatically.
So, the Fed pretends buying treasuries is simply part of its master plan to boost the economy, even though, in reality, it is simply acting as the buyer of last resort.
In a way, this is natural: the Fund was established back in the 1940s precisely so that it could act, among other things, as the lender of last resort to countries in danger of default.
America was left by the end of the Cold War as the effective global power of last resort, the only superpower.
In a banking union, eurozone states would pool their resources to act as the insurers or guarantors of last resort for the deposits in eurozone banks and for bailouts of banks that get into difficulties (this would be true, even if banks subscribe to a deposit protection fund, because there would never be enough in this fund to deal with all possible crises).
The uninsured in this case would be able to get coverage as a last resort from the high-risk pool, paying what they can based on their income, with taxes subsidizing the pool to keep it afloat.
Still more dangerously, by treating nuclear weapons as just another explosive in the arsenal, rather than as a deterrent weapon of last resort, America would dangerously blur the line against nuclear use by anyone.
Finally, in their view, the ECB is acting as the bank "of last resort".
District Court Judge Tom O'Donnell noted in his judgement that Limerick publicans only made the application as a last resort.
Bob Pendlebury, Durham County Council's cabinet member for environment and transport, says they will only look at closing the ford as a last resort.
And he kept warning that the military option, by which he meant air strikes, not an invasion on the ground, was still on the table as a last resort.
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"It's hard to see what the difference is, since Gov. Romney and his spokesman make it clear that sanctions and negotiations would be tried and force should be kept on the table as a last resort, " Indyk told CNN on Monday.
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One mother of two who did not wish to be identified used the over-the-counter allergy and motion-sickness medicine Phenergan for a recent flight from Australia to the US. She said the first eight hours of the flight were "agony" and that she used the medication as a last resort to help her three-year-old daughter sleep.
But no, he has not ruled out the ECB acting as a lender of last resort for European financial institutions - particularly in the crisis economies.
As a second cushion against a liquidity crisis, the central bank acts as lender of last resort.
Does this mean that the ECB is ruling out acting as a "lender of last resort" for the eurozone?
More than anything else, investors want to see the ECB behaving as the bond-buyer of last resort.
He said that if Norway also found grounds for a legal challenge it would use the courts as "a last resort".
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