Word: fiascos
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...sure, the Nigerian Civil War was not the first instance that implacable fear and hatred of the Soviets outweighed all other concerns--moral and otherwise--in the making of U.S. foreign policy. And as the current fiasco in Nigeria illustrates, nor was it the last...
...last few weeks, upon witnessing the events surrounding the visit of the South African Vice-consul Mr. Duke Kent-Brown to this campus, I felt it was time we laid out a few facts before we witness a rerun of that fiasco...
...what it termed a "morass of incompetence, ineptitude and mismanagement." The grand jury said it has discovered more than $200,000 worth of illicit funneling of funds, salaries and equipment from the reconstruction project, along with $150,000 in other questionable disbursements. Much of the blame for the fiasco, said the jury's report, "lies with the mayor and the key people on whom he relied." Replied Goode: "I wanted more than anything else in the world to get those families back in their homes, and therefore I took aggressive, unusual steps to achieve that." Philadelphians will make a further...
...latest round of the thrift fiasco began in 1980, when Congress last tried to make life easier for the savings institutions. At that time the industry was still reeling from the inflationary spiral that sent interest rates soaring and left the thrifts with billions of dollars of low-interest 30-year mortgages on their books. Congress tried to remedy the situation by allowing the thrifts to expand their business far beyond those traditional instruments into stock and bond investment as well as business loans, particularly in commercial real estate. At the same time, thrift deposits continued to receive federal guarantees...
GIVEN THE public disgrace that the Iran-Contra fiasco has become, you'd think the Administration and Republicans on Capitol Hill would be taking an uncharitable view of cover-ups, lies and obfuscations. That's evidently not the case...