Word: preventable
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Dates: during 1980-1989
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Although securities trading has become an increasingly global activity in recent years, overseas time differences have helped prevent U.S. financial exchanges from capturing the volume of business from abroad that they would like. When the Chicago Board of Trade closes at 3:15 p.m., for example, it is 6:15 a.m. in Tokyo, and most Japanese investors are still in bed. To close the time gap, the board's directors last week approved a new proposal to establish evening trading hours. Under the plan, futures and options on U.S. Treasury bonds and notes could be traded between...
Cave's negative view of Ghorbanifar failed to prevent the Iranian from becoming the linchpin of the covert operation. By November 1985 the Israelis, who had checked out Ghorbanifar at the request of Adnan Khashoggi, a Saudi Arabian businessman who deems himself a peacemaker, had convinced the NSC staff that Ghorbanifar was too well connected in Iran to be ignored. The NSC undertook the Iran initiative, with the now obviously disastrous results...
Regardless of the University's motives, this year's bid to build some low-income homes is a far cry from Harvard's putting up metal grates to prevent the homeless from taking shelter on Leverett House heat vents last year. Of course the St. Paul's lot is still just a lot. Harvard's plan to build mixed-income housing is still just a plan. But at a time when Harvard has trouble housing its own students and faculty, the University does seem to have had a change of heart...
Instead of utilizing his traditional tools, the only action that will work for Reagan is one he has not tried before. To escape the shadows of Contrameinia, he has to accept responsibility for the scandal, admit to a fundamental policy error and take steps to prevent such a situation from recurring. The president must admit as JFK did after the Bay of Pigs fiasco of April, 1961, "I am the responsible officer of this government." At the date of this writing, the Administration has only admitted that "mistakes were made." Reagan has detached himself from responsibility for the deal...
...provided Baghdad with certain military intelligence in order to avert the possibility of an Iraqi collapse. Finally there were allegations last week that the U.S. had given such intelligence information to both Iran and Iraq and that some of it had been deliberately distorted in an effort to prevent either side from scoring a victory...