Word: flameouts
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Dates: during 2000-2009
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...including such distinguished titles as the Cleveland Plain Dealer and the New Jersey Star-Ledger, propped up the magazine empire. But newspapers are no longer reliable golden geese, and Condé Nast recently called in a management consultancy to see how its business could be streamlined. (Read "Portfolio's Flameout, or How to Burn Money Fast...
Right Man, Right Time By one of those strange Sully Sullenberger collisions of preparation and crisis - the sort that put Depression expert Ben Bernanke in at the Fed at the moment of a flameout of 1930s magnitude - Larry Summers made his reputation as an employment theorist. Summers is the nephew of two Nobel economists and was regarded as the smartest undergrad anyone knew, but as he surveyed his research options 30 years ago, he settled on the then relatively unsexy specialty of labor. The subject tickled his sense of skepticism. "The view that was taking hold at that time...
...years - albeit two very splashy, highly commented upon years - Portfolio magazine is closing. Since its revenues for the first quarter of this year were almost 61% lower than they were for the same period last year, the news is not that surprising. But it's still a spectacular flameout for a title that started with such fanfare - and a reported $100 million slush fund - a mere 21 issues ago. Where did all the money...
...There was one notable flameout: in 2003 Kerik went to Baghdad and Amman to help train Iraqi police but walked out on the job after only a few months. However, the Giuliani halo was still strong enough in late 2004 for George W. Bush to nominate Kerik as the replacement for departing Homeland Security Secretary Tom Ridge. It had begun as Giuliani's idea, of course, and the White House glommed onto it quickly. At first, the pick seemed to confirm nothing so much as Giuliani's rising star in his party's heavens. But within a few days, problems...
...message to my friends: Thank you for the e-mails and phone calls, the empathy and curiosity about how I've been handling the Hindenburgian flameout of my beloved baseball team, the New York Mets. I'm O.K. Really. I've been through worse... even though this was, well, awful beyond imagining. The losses-seven straight to the crude, macho Phillies, then 12 out of 17 down the stretch. The incessant errors. The pitchers throwing cantaloupes to hitters who didn't belong in the majors. The mental errors that weren't scored as errors. The feeling, in the end, that...