Word: failings
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Dates: during 1990-1999
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Technology is not fail-safe. Sooner or later a hospital, a school or an apartment block will be reduced to flesh and rubble by an errant U.S. bombing mission. How will I and the nation react to pictures of, say, an Iraqi woman, her clothes on fire, running, stumbling, screaming at the injustice of her fate? Intellectually, I will accept responsibility, for the saturation bombing of Iraq is part of a wrenching decision that my country made openly and democratically with my full complicity. But can I steel my emotions? A ground war in Kuwait will only be worse...
...Walzer, a professor of social science at the Institute for Advanced Study in Princeton, N.J. "It is a moral sense, even though it's entangled with professional pride and a sense of what works and what doesn't." Still, if the allied strategy of waging a fair fight should fail, the war's prosecutors may come under pressure to resort to more drastic means...
...large failures would swiftly bankrupt the FDIC's deposit-insurance fund, which stood at $9 billion last month. Even without a sharp downturn, Seidman said, the fund will fall to a record low of $4 billion by the end of 1991, as an estimated 180 banking firms fail...
Many other banks could do well just to survive the recession. Troubled lenders include such giants as Citicorp, which expects to report a loss of up to $400 million for the fourth quarter of 1990, and neighboring behemoths Chase Manhattan and Chemical Bank. While such firms seem unlikely to fail, they could wind up as merger partners with other big banking companies. Experts are particularly gloomy about the prospect for banks in New England. According to Gerard Cassidy, who follows the industry for the investment firm Tucker, Anthony, as many as 24 of the region's medium-size banks with...
...speech to the American people, the president said he had learned the lesson of Vietnam, that a half-hearted military effort is doomed to fail. But Bush forgot some of the other lessons of Vietnam: don't fight for ill-defined goals; don't obscure your war aims just to maintain public support; don't confuse public support for the troops with support for the war. Unfortunately, Bush has already made all of these mistakes...