Word: fiascoes
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...block, but the government dithered over how to sell it, and now, because of the worldwide financial turmoil, it can't - at least, not for a good price. A September tender for a new nuclear power plant - Turkey's first - was ill-prepared, and turned into a fiasco when all the bidders except for one Russian-led consortium dropped out. A three-year agreement with the IMF under which it would provide Turkey loans of as much as $10 billion, if needed, expired in May and hasn't been renewed. In a speech to the IMF this month, Economics Minister...
Neither Levine nor Diamond claims that Jewish participants in, say, the sub-prime mortgage crisis have been more virtuous than non-Jews. But both are inclined to analyse it through the lens of Jewish law, especially regarding proper financial disclosure, on which so much of the current fiasco has hinged. Here are some of the ancient principles they feel are applicable to today's bad news...
...economic crisis has rooted from the most advanced economy, from the motherland of some of the brightest economists we have, from the sector that was considered to be the safest in the world: America.” But Zuluaga said he thought that although the waves from the financial fiasco from the U.S. might affect the Colombian economy, the country will still enjoy “a higher growth potential compared to its historical performance.” Audience member Maria P. Mogollon ’03, who is in her second year at Harvard Business School...
...Originally requested by Senators Ted Kennedy and Barbara Boxer after the great bagged-spinach E. coli fiasco of 2006, the report arrives on the heels of a salmonella outbreak earlier this year, linked to tomatoes and peppers, which sickened at least 1,440 people and was America's largest food-borne-illness outbreak in a decade. Meanwhile, toxic additives in milk products in China have killed four infants, sickened 54,000 and led to recalls of Chinese dairy products worldwide...
Bush, George W. •newfound awareness that "it turns out that there's a lot of interlinks throughout the financial system" is shared by •responsibility for yet another Brobdingnagian fiasco that befell the nation on his watch yet again not taken...