Word: fiascoes
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...forces deployed inside Afghanistan on a search-and-destroy mission targeting bin Laden. Cohen said he would look at the idea, but he and General Hugh Shelton, Chairman of the Joint Chiefs of Staff, were dead set against it. They feared a repeat of Desert One, the 1980 fiasco in which special-ops commandos crashed in Iran during an abortive mission to rescue American hostages...
...Vautin said Harvard has learned its lesson from the MATEP fiasco and will seek to find an independent contractor to run the plant...
...drop in existing-home sales came just after homebuilding companies like Toll Brothers and Ryland saw their stocks sag for the first time in a year. But keep in mind that contractors and banks became more cautious about overbuilding after they were scorched in the savings-and-loan fiasco of the late...
Fiorentina Footie Fiasco Italian football authorities gave former glamour club Fiorentina the boot from Italy's Serie B competition after the club, reportedly facing bankrupt-cy, failed to meet a deadline to arrange cover for its $22 million debt. Fiorentina has been in difficulty since...
...like Enron or WorldCom," says Sorbonne economist Christian de Boissieu, "the situation confronting our telecom operators, who are all deep in debt, means that we're facing similar problems." To the well-known troubles of France Telecom and Deutsche Telekom, add the pains at tech giant Alcatel. Or the fiasco at media and utilities conglomerate Vivendi, which soon after booting Jean-Marie Messier was seen scrambling for emergency funding to service j19 billion in borrowings. Could this spell the end of what the Germans call the Aktienkultur, or equity culture? Just a few short years ago, traditionally risk-averse European...