Word: flaps
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...Street also dreads a lengthy process to resolve the analyst flap, which, layered on top of the accounting concerns springing from the Enron scandal, is driving investors away. To help regain their confidence, brokerage firms are making a show of efforts to reform. Last week UBS Warburg initiated its coverage of JetBlue Airways--a firm whose IPO it co-managed last month--by advising investors to "reduce" their holdings. It was apparently a pre-emptive move, to show regulators that UBS Warburg is indeed capable of using the word sell...
...threats arise every day. Tramway Gas--the building that started the preservation movement in Palm Springs and most recently housed a gallery--abruptly closed its doors last month and has been sold. Although it has the protection of historic-site status, the result of the 1997 flap, "we're worried about what will become of it," says Peter Moruzzi, chairman of the Modern Committee. "It's hard to know what's going to happen...
...Still, should a $1200 chopper ride and a little babysitting cause more of a flap than the $15 billion cost overrun for the Big Dig which occurred under the watch of her two male predecessors? Welcome to the Big Time, where the personal failure usually gets bigger headlines than an ongoing public one, as former President Clinton could have told her. She made certain the personal would be the political by setting a world record for long commutes, choosing to live in Williamstown, Massachusetts, nearly three hours from the capitol. Perhaps Massachusetts should provide housing. Yes, Boston real estate...
...worried parent doesn't exempt you from the law. If you don't own up to the personal use of a state plane and pay for it, you come across like Evita, as if motherhood entitles you to skirt the rules. This lapse might not have caused such a flap if it had not played into an image already gelling that Swift thought she deserved special treatment. She'd been defiant when accused of using State House employees to babysit, and didn't apologize until reprimanded by an ethics committee that investigated. She was forced to pay a fine...
...Even beyond the statistical flap, however, the study suggests a serious drinking problem among American teens. The survey, conducted over two years, found that more than 5 million high school students (or 31 percent) binge drink at least once a month. And, for the first time ever, those numbers are equal for boys and girls. (Bingeing is defined as getting drunk repeatedly over the course of one or two days). Forty percent of ninth graders (male and female) admit to drinking at least occasionally, and 81 percent of all high school students have consumed alcohol at some point...