Word: fiascoes
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Dates: during 2000-2009
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There were a lot of smiles at the final outcome of the figure-skating fiasco at the Winter Games, especially from the Canadians. Jamie Sale and David Pelletier, who had been forcing smiles all week, flashed real ones when they heard that their silver medals in the ferociously disputed pairs skating event would be traded in for gold. But what made the biggest difference last week were tears...
...scandals that led up to the choice of Salt Lake City as the site of this year's Winter Games and routinely ignored reports of bogus judging. Rogge understands that the value of the Olympic brand is on the line. He was determined not to let the figure-skating fiasco--which had already overshadowed a Winter Games more joyful and exciting than any in recent memory--make the Olympics in general look as phony as professional wrestling. He rescued it for now. Did he rescue it for good...
However, the EWC fiasco constituted the biggest public relations debacle. Proceeds from the annual figure skating show, which regularly draws Olympic medallists to perform, are donated to the Jimmy Fund for cancer research...
Since the Enron fiasco blew wide open, the influential Moody's Investors Service has requested additional information from some 4,000 companies that use accounting methods that Moody's believes make it harder to judge their creditworthiness. Companies are also deciding on their own that confusing books just aren't worth it. Last Wednesday, Bank of America went to great lengths to explain a $418 million gain in the fourth quarter from a subsidiary set up last year to deal with problem loans. The gain resulted from tax savings after bad loans were shifted to the subsidiary. Not wanting...
...military certainly has ugly memories of Somalia. But if it did choose to strike at targets there, the Pentagon would be unlikely to repeat the mistakes of the 1993 Mogadishu fiasco. A more likely scenario would be the Afghanistan model of air power used in combination with local proxy forces - the Ethiopians come to mind, although there would be plenty of local warlords open to turning against any Al Qaeda elements for a small...