Word: fiascos
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...everyone now calls the agency, formally declared that it could not repay $2.25 billion in bonds used to finance partial construction of two now abandoned nuclear power plants in Washington State. It is by far the largest municipal bond default in U.S. history, and the damage is incalculable. The fiasco has robbed thousands of investors of their savings, shaken confidence in the municipal bond market, angered and humiliated the people of the Northwest, tarnished the reputations of some of Wall Street's leading institutions and provoked at least 70 lawsuits that will be clogging the courts for years...
...were humming with musical gossip: Tenor Reiner Goldberg, Solti's original choice to sing the difficult role of Siegfried, had been fired (true). Soprano Hildegard Behrens, the Brünnhilde, had quit (false). The Hall production, with sets by Designer William Dudley, would be the biggest fiasco since ... well, since 1976, when Patrice Chéreau scandalized the good burghers with his iconoclastic, neo-Marxist Ring...
...post-mortems dissect last year's Bendix takeover fiasco...
...progressive-liberal" (actually, leftwing) tradition of journalism. Other publications hailed, as a "first in German journalistic history," the rights that Stern staffers had won. But Stern's employees declared that ending the sit-in was only a "ceasefire" in a battle to exact retribution for the diaries fiasco...
Journalistic and ethical standards at Stern and other publications that ballyhooed the Hitler diaries were denounced with new force last week on both sides of the Atlantic, perhaps nowhere more fiercely than within Stern itself. Much of the 210-member editorial staff was obsessed with investigating the diaries fiasco. Others sought only to place the embarrassment behind them. Many called for the resignation of Henri Nannen, 69, who has been Stern's publisher since the magazine was founded in 1948. Others hinted that blame extends high into Stern's parent corporation, Gruner & Jahr, and even into the holding...