Word: fiascoes
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...Britain and France will seek support from the remaining ten members of the Council - Argentina, Tanzania, Congo, Ghana, Denmark, Greece, Japan, Peru, Qatar and Slovakia. But absent any smoking-gun evidence of Iran maintaining a weapons program, and considering Washington's credibility problem after the Iraq WMD fiasco, the U.S. and its allies may struggle to maintain the momentum of efforts to turn up the heat on Tehran. Indeed, their best hope may lie in Iran rattling its own sabers so much that it actually alienates the two powers it needs most at the moment, Russia and China...
...last thing the President needed. On the contrary, the circus seems to have provided the media with a less damaging diversion from the really bad news of the week. The shooting generated an 11-page story package, while the 520-page congressional report on the Hurricane Katrina fiasco was underreported. Seems like Whittington literally took a hit for his buddies...
...dictator. This month, Secretary of State Condoleezza Rice said the U.S. needs to form a "united front" against Chavez as he seeks re-election later this year. Statements like this one have given Venezuela even more impetus to regard the FAA?s continued stance as political. And this latest fiasco may just be indicative of larger conflicts ahead...
...many people?s minds, including Abernathy?s. He took the microphone and asked Summers about the allegations raised by the article. But Summers, a longtime confidant of Shliefer - not to mention a fellow economist who was a Treasury Department official during the time the Harvard-Russia-U.S. government fiasco was unfolding - took the Fifth. ?He said something about how he had recused himself from the case and had poor recollection of what happened,? says Abernathy. ?It was unbelievable. How could he not address this...
...Livedoor fiasco has highlighted inadequacies in Japan's accounting rules, which are not equipped to handle this brave new world of special-purpose entities, stock swaps and other financing arcana. But Tokyo is moving quickly to correct these deficiencies and restore confidence in its regulatory stringency. Among most major M&A players, however, confidence is not the problem. Nomura is reportedly adding 20 people to its 100-person M&A team. Lehman is expanding its M&A desk by a third, and Merrill Lynch and Mitsubishi UFJ Securities have said they too are bulking...