Word: firestorm
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...Government—whose new book discusses that lobby, this statement clearly reflects personal experience.When the pair wrote an article, also entitled “The Israel Lobby” and published in the London Review of Books in 2006, they encountered what they call “a firestorm of criticism from prominent groups or individuals in the lobby” and were denounced as anti-Semites.In the book, which is essentially a larger, more thorough, and more up-to-date version of the original piece, the two take tremendous pains to controvert any such criticisms.Their careful and logical argument?...
...latest firestorm in college football was sparked two weeks ago, when Oklahoma State head coach Mike Gundy unexpectedly utilized his post-game press conference following an impressive win by the Cowboys over Texas Tech to go ballistic on local sports columnist Jenni Carlson. Carlson had penned a column in The Oklahoman suggesting that recently demoted OSU quarterback Bobby Reid had failed to demonstrate enough toughness—citing an observed incident of Reid being fed chicken by his mother as an off-the-field parallel—as a signal-caller before his benching. In the Gundy?...
...didn’t try hard enough to please him, he’d ruthlessly slaughter them in ways only fit for a Hostel movie. Add in a dash of rich, spoiled athlete and a sinister sneer and face to match, and you had a recipe for quite a firestorm...
...from its bread-and-butter exposure? The root of the problem is high leverage. For example, when this debacle hit, one of Goldman's funds was leveraged 6 to 1, so every dollar of investor capital claimed six dollars of positions. This is the dry kindling for a market firestorm. When things go bad for a highly leveraged hedge fund, it gets a margin call and has to sell assets to reduce its exposure. Naturally, as it sells, prices drop. The falling prices mean a further decline in the fund's collateral, forcing yet more selling. And so goes...
Even so, luck may have played the largest role in protecting Chertoff's job. He was able to sidestep the firestorm after Katrina largely because there was a fall guy, FEMA chief Michael Brown, to take the heat. Without Brown, it could have been Chertoff's head that rolled. In addition, the U.S. hasn't been attacked since 9/11. Most experts acknowledge that even with the best security preparations, there's still a risk of attack. Our number hasn't come up again since Chertoff took office...