Word: burstings
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WorldCom's woes are hardly new. Indeed, part of the shock flows from investors' knowledge that though the company has been in decline for several years, it still managed to paper over its books. When the Internet bubble burst early in 2000, it took down many of WorldCom's biggest customers. The slide accelerated after regulators blocked the firm's $129 billion acquisition of Sprint in July 2000. In March the SEC launched a probe into how and why WorldCom had loaned Ebbers $366 million, most of which he ostensibly used to purchase WorldCom shares. The SEC also looked...
...that Kile had 80% to 90% blockages in two coronary arteries--a pretty common finding in people who die suddenly of heart disease. But that doesn't mean the fatty deposits or plaques clogging his arteries had been there--or had been that large--for long. "Small plaques that burst can be just as deadly as large ones," says Dr. Rose Marie Robertson, past president of the American Heart Association and a professor of medicine at Vanderbilt University in Nashville, Tenn. "You could have a 30% narrowing yesterday that becomes 90% to 100% with a plaque rupture today...
...central role in preserving the cultural exception he had declared dead. Messier certainly had reason to economize. In March Vivendi revealed 2001 losses of €13.6 - the largest in French history - mostly due to a €15.7 billion write-down of companies purchased before the high-tech bubble burst. And the financial news just kept getting worse. Despite asset sales and desperate accounting ploys, concerns over the servicing and payment of Vivendi's €30 billion group debt last week led Moody's to rate Vivendi Universal bonds as junk and sent share prices tumbling ever further. Inexplicably, Messier fell...
After Japan's bubble economy burst, youth crime surged, brutal schoolyard beatings became frequent and teenage prostitution evolved into a regular part of urban life. A "lost generation" started venting their malaise by randomly attacking salarymen, assaulting the homeless and even killing their parents. Japan is still a rich country that pampers its young, but the nation and its children seem increasingly aimless...
...week of protests against religious persecution. One night last year, a 16-year-old named A'Noul (she asked for her full name to be withheld) was at home in a village in Dak Lak province when three vans roared up and two dozen Vietnamese police spilled out. They burst into her house, swept books and clothes onto the floor and said, as A'Noul recalls, "'If you don't give us your Bible, we will take you and put you in prison.'" She adds, "The police said, 'You don't worship God, you only worship the American government.'" After...