Word: fiascoes
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Secondly, we are disturbed by Bush's propensity to surround himself with yes-men. Since August, the president has relied almost exclusively on the advice of four like-minded officials: James Baker, Brent Scowcroft, Colin Powell and Dick Cheney. President Kennedy conducted the Bay of Pigs Fiasco in a similar manner. He then sought a wide range of advice during the Cuban Missile Crisis. That's one reason there wasn't a Cuban Missile Fiasco. Even if you eventually reject your opposition's dissenting views, it doesn't hurt to hear them...
...activities since the Great Depression. Under his proposed reforms, banking companies could easily expand across state lines and become financial supermarkets that offer everything from stocks and bonds to life insurance. Treasury said the plan would also seek to shield taxpayers from any replay of the savings and loan fiasco. "If we expect to exert world economic leadership in the 21st century," Brady said, "we must have a modern, world-class financial-services system...
Back when the fiasco began, last November, first-year Coach Ronn Tomassoni had the lofty hope of winning the ECAC championship. A return-trip to St. Paul, Minn. for the NCAA Championships was at the back of the young coach's mind...
Some studios, like Warner, will now avoid "overpackaged" films that are chock-full of stars. Case in point: Warner's The Bonfire of the Vanities, the $35 million fiasco starring Tom Hanks, Bruce Willis and Melanie Griffith. Other studios, notably Universal Pictures, are stressing "back-end" deals, in which such stars as Arnold Schwarzenegger (Kindergarten Cop) and Tom Cruise (Born on the Fourth of July) receive a cut of ticket sales as opposed to a hefty up-front salary. "If we don't control costs, we won't have much of an industry left," warns Thomas Pollock, head of Universal...
...experts expect bank failures to come close to rivaling the S&L fiasco, which could cost taxpayers as much as $1 trillion over the next 30 years. U.S. banks have a total of $200 billion of capital to cushion losses, for example, while the S&L industry was virtually broke throughout the 1980s. Seidman told Congress that taxpayer funds would not be needed to finance bank bailouts under current economic conditions. But he added that "it is certainly not beyond the realm of possibility that taxpayer money will be needed" if conditions deteriorate sharply...