Word: lavish
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Should they be convicted, Wasson and Pulliam will join a growing army of felons in the financial industry. The majority of the crimes, including fraudulent land deals, payouts to bogus borrowers and lavish living at depositors' expense, have been uncovered in Texas and California, where financial institutions grew especially fast in the early 1980s. But the problem is by no means restricted to those states. A report issued in January by the Comptroller of the Currency found that in 35% of the 189 U.S. bank failures from 1979 to 1987, fraud or insider abuse was "a significant factor." Among...
...assurance (one rarely hears an "uh" in Oprah's speech), erupting high spirits and down-home sass. She talks amiably to the fans who constantly recognize her on the street, and personally says goodbye to each member of the studio audience filing out of her daily tapings. Despite her lavish life-style, Oprah notes, her plates still don't match, and she says she gave up a chauffeur because "it drove me crazy having someone at my beck and call." She now drives herself to work in a Jaguar convertible, often with her hair dripping wet from her morning shampoo...
This was to be the best summer ever. Israel was throwing a lavish 40th- birthday party, and the Ministry of Tourism expected the crowds to break all records. Foreign visitors would flock to the festivals or the spectacular $12 million staging of Verdi's Nabucco in the 5,000-seat Sultan's Pool. They would sample the rich history of Jerusalem, the flashing, clear waters of Eilat, the archaeological drama of Masada. Bracing for a flood of guests, Hyatt International unveiled a $60 million, 500-room hotel in Jerusalem. Airlines scheduled extra flights, and car-rental agencies planned to plump...
Until last week. Then, in Moscow, the London-based auction house Sotheby's staged the first international art auction ever held in the Soviet Union. An eager crowd of 2,000 packed the ballroom of the Sovincenter, a lavish hotel and conference complex usually off limits to Soviet citizens, to gaze on an array of works that in many cases had rarely been exhibited before, much less sold openly. Bidding was restricted to foreigners who could pay with British pounds...
...what of Ronald Reagan, a President normally so lavish in his displays of heartfelt sentiment? On that somber Sunday, July 3, Reagan dispatched a formal five-paragraph note to Iran expressing "deep regret." The President told aides he considered this an apology that satisfied the nation's obligations, but his public comments were measured in the extreme. Reagan allowed that the shooting down of the Iranian airbus was a "great tragedy," but soon belittled even that cliched description by also calling it an "understandable accident...