Word: affairing
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When a rock-ribbed conservative columnist at the Wall Street Journal and the man who was Bill Clinton's chairman of the Securities and Exchange Commission use the same sweeping adjective to describe a situation, you know they're talking about something serious. Testifying before the Senate Governmental Affairs Committee last week, Arthur Levitt, former head of the SEC, identified the Enron affair with "an emerging crisis of systemic confidence in our markets." Three days earlier, Robert L. Bartley had written in the Journal of the "systemic failure" at the root of the matter, one that touched "Directors suspending their...
...Enron affair matured into a scandal just as it began to seem that the culture of celebrity was defunct; suddenly, we remembered that Barbra Streisand was not a political philosopher. Neither is Jack Welch or Bill Gates or, certainly, Ken Lay. In the '90s, we treated businessmen as if they were film stars (and we treated film stars like gods). But we lend stars our affections only; we lend businessmen our chance of future prosperity. A lesson from Enron: we would be wise to entrust that responsibility to those with their feet on the ground, not on a pedestal. Even...
...though this time there was a tinge of fatigue in their voices. "For the first time since the Brezhnev years I feel a constant, low-grade sense of shame for my country," said Vladimir Lukin, deputy speaker of the Duma, or lower house of parliament. Few, however, believe the affair will cause more than a ripple of protest inside Russia or beyond...
Even with freshman Courtney Bergman—Harvard’s top player and the No. 1 seed in this weekend’s tourney—a late scratch because of injury, the singles’ title match last weekend was still an all-Harvard, all-freshman affair...
...enforcing the occupation in the West Bank and Gaza, or simply citizens in their capital city looking to get a slice of pizza or dance in a nightclub - that has made every single day a roll of the dice with death. Carnage on the streets has become a daily affair, and an economy that boomed in the 1990s has ground to a halt (a downturn sparked by the global high-tech blowout, but exacerbated by the crisis in confidence). Tourism is down by half, and likely to fall further. Why would the tourists visit when even some of the locals...