Word: busting
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Dates: during 1990-1999
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...calmly guided Houston through the oil bust and cleaned up the police force and reformed city government. But last week voters unceremoniously ejected Mayor Kathy Whitmire from office after 10 years. Land developer Bob Lanier and state representative Sylvester Turner placed first and second, respectively; they will meet in a runoff next month...
...lubricant for a vast share-the-wealth program that provided the public with highways, charity hospitals, free textbooks and old-age pensions; largely shielded from taxes, the people tolerated the corruption that went along with the system. But that party is long since over. When oil prices went bust in the past decade, so did the state treasury, which now faces a projected $1 billion budget deficit for the coming year. Though things have gotten a little better since 1987, Louisiana still has trouble attracting new business. That's because business bears a heavier, and more unpredictable, tax burden than...
George Bush Jr.'s affiliation with Harken began in the oil-bust year of 1986, when he and a group of partners received more than $2 million worth of Harken stock in exchange for his floundering 180-well Texas oil operation, Spectrum 7 Energy Corp., which had lost $400,000 in the six months before the sale. "His properties were pretty well encumbered," recalls director Watson. "The banks hadn't foreclosed, but that was in the wind." Not long after Bush joined Harken's board, he took charge of the Texas Rangers and shifted his attention largely to baseball...
...teammates were just as immature. After Greg Harris choked away a crucial September game, walking home the tying and winning runs on eight straight pitches, he had the gall to blame umpire Vic Voltaggio for "squeezing the strike zone." After Jack Clark, another multi-million dollar bust, struck out three times in an extra-inning loss, he blamed Morgan for being a lousy motivator. After left fielder Mike Greenwell attacked first baseman Mo Vaughn with a bat, Greenwell blamed the media for "blowing this out of proportion...
...never even been in an Allied department store! -- managed to acquire first Allied and then Federated, ultimately controlling a U.S. retailing empire with $9 billion in sales -- and $11 billion in debt. A short time later, of course, Campeau's empire collapsed -- but this is my point! Campeau went bust; Trump's on a leash; the guy who rented the QE 2 for his son's bar mitzvah sank; Boesky, who arrived at that bar mitzvah in mid-cruise via friend John Mulheren's helicopter, went to jail; so did Mulheren, briefly (but not before setting out with an assault...