Word: broking
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...told the world that it had inflated its profits by $3.8 billion--the largest accounting fraud in history. The number has since grown to $9 billion, and counting. Her colleagues have been placed in handcuffs and led past TV cameras. Shareholders have lost some $3 billion since the news broke, and soon at least 17,000 WorldCom employees will have lost their jobs. In December, the company put a FOR SALE sign on the hangar that stored its corporate jets in Mississippi...
...Washington Post story broke just as Lott was settling into a Key West vacation home (owned by his wife's sister and her husband, the famed trial lawyer Richard Scruggs) in which the principal connections to the outside world were a single phone line and a small television on the back porch. Back in Washington, the White House realized Lott was not going to be able to mop up his mess. President Bush, flying to Philadelphia for a speech, was agitated as he discussed Lott's comments and was determined to speak out against them. "This is going...
Retired Air Force General Brent Scowcroft, the Republican foreign-policy Yoda who has worked for five of the past seven Presidents, rarely raises his voice in public. But just a few months after he broke with George W. Bush on Iraq, urging him to stay focused on the war against terrorism before going after Saddam Hussein, Scowcroft is speaking out again. This time he's tangling with an old colleague from the Nixon and Ford years, Defense Secretary Donald Rumsfeld...
...sent his report to the President in March. There it collects dust, largely because Rumsfeld, the hyperpopular Pentagon chief, refuses to give up military control of intelligence budgets or assets. At a black-tie Washington dinner last week, when he presented an award to CIA director George Tenet, Scowcroft broke cover again. "For years, we had a poorly organized intelligence system," he said, "but it didn't matter because all the threats were overseas... So now we have a huge problem." It is unfair, he said, to ask Tenet "to take responsibility" for all intelligence matters when he "has authority...
...would personally rather have every team think that we're garbage so that we can sneak up on them,” said Prasse-Freeman, who broke his own school record for single-game assists Thursday with...