Word: busting
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It’s time for Harvard authorities to understand that, where the students are the “best and brightest,” there are more worthwhile things to do than bust kids with beer...
...after the humiliation of the Donnie Brasco caper, in which FBI agent Joseph D. Pistone infiltrated the gang and spent five years posing as a hoodlum named Brasco and, with his court testimony, helped send 200 Mob men to prison. Already reeling from the Pizza Connection prosecutions (after a bust that exposed a giant heroin distribution racket run from pizza parlors), the Bonannos were thrown off the Five Families commission and left for dead. With brains and muscle, Massino restored the clan to its old strength. And "Big Joey" (his weight was once nearly...
...explained in part by forces that shaped each generation. While boomer women sought career opportunities that were unavailable to their mostly stay-at-home moms, Gen Xers were the latchkey kids and the children of divorce. Also, their careers have bumped along in a roller-coaster, boom-bust economy that may have shaken their faith in finding reliable satisfaction at work...
...term. But there's no reason to believe they will be right. Welcome to a forecasting folly called "the presidential cycle." In theory, it makes sense. As CEO of the U.S., the President can tighten the nation's belt in the first year or two of his term, then bust the budget in years three and four. That pattern would crimp corporate earnings and stock prices in the first half of a presidential term (giving savvy investors a chance to buy low), and boost them in the second half (time to take profits...
...home lenders was just as bracing. The former are paying too much for the peace of mind of a fixed-rate mortgage, he chided. In today's low-rate market, owners should consider the riskier but cheaper adjustable-rate mortgage. That is, if Fannie and Freddie don't go bust. Greenspan warned that the heavy debt of these lenders poses a catastrophic risk to the banking system. That sent their stocks tumbling--making millions of investors poorer. Apparently, the Fed chief had it in for bulls too. --By Daniel Kadlec. With reporting by Adam Zagorin