Word: blunts
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...evinced in last month's London summit of the Group of Seven leading industrial powers. The Germans, whose $35 billion in commitments to Moscow surpasses all other sources of Soviet aid put together, were horrified by the crisis that had threatened to blow up in their faces. An unusually blunt Chancellor Helmut Kohl told his allies, "The dumbest possible policy now would be for us to sit back as international onlookers and say, 'So, what are they doing in Moscow...
Although Congress valued his blunt appraisal of the severity of the banking crisis and his suggestions for reform, Seidman often rankled members of the Bush Administration. He was criticized by some for moving too slowly as head of the Resolution Trust Corporation, the government agency charged with managing and selling off foreclosed properties in the wake of the savings-and- loan mess. The likely candidate to succeed him at the FDIC: Federal Reserve director of banking supervision William Taylor...
...dropped out of school. A year after her baby was born, she got pregnant again. With no husband and no job, she was living on welfare. Her mother begged her to go back to school, but Lackey wouldn't listen. Then, three years ago, Wisconsin state officials delivered a blunt message. "They told me I had to go to school to keep getting benefits," she recalls. "It was a big push." Last year she graduated from high school, and she is now studying to be an accountant at Milwaukee Area Technical College...
...troubled airline into involuntary bankruptcy, he struck an agreement that may save it. Before the deal can fly, though, it must pass inspection by both the Securities and Exchange Commission and a bankruptcy court. Even then, TWA will face a steep climb against extremely powerful competition. Admits the blunt-spoken financier: "This is not an investment for a widow. How it will fall out, I don't know. But I think that we have a good shot...
...drab Senate hearing room fittingly dominated by a vast map of the world, witnesses gave the first public testimony last week in the biggest and most brazen financial scandal of all time. Speaking in blunt terms that brought gasps from the packed chamber, they charged what TIME and other media reported in July: the criminal enterprise known as the Bank of Credit & Commerce International thrived as a $20 billion worldwide cash conduit for thugs ranging from terrorists to narcotraficantes, while Washington and other capitals turned a blind eye. "This is a story of big-time, big-money con artists," said...