Word: raptors
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...considerable pain, in places Spencer's book is an improbable comedy. (Daniel's parents are remote Wasps who drop by one day to tell him they are leaving all their money to a local raptor-preservation society.) And in the unraveling fabric of his life, Daniel's blindness to his own predicaments is a lightly stitched comic thread. He's an intelligent man, but in matters of the heart, he has a muscular stupidity that gives him the strength...
...more old-fashioned round on Capitol Hill--a five-year, $2 trillion budget plan larded with cold war-era weapons. There's the Crusader howitzer, a cannon so cumbersome that in 2000 a presidential candidate named George W. Bush questioned its utility. And there's the F-22 Raptor, a fighter jet designed to challenge a Soviet air force that no longer exists. The Raptor could prove useful against other foes, but critics call it redundant; there are two other fighter designs in the pipeline as well. Yet the Pentagon wants to spend $5.3 billion to build 23 Raptors...
...military. "The U.S. defense establishment must be transformed to address our new circumstance," he said as he took the job for a second time. Pentagon corridors were buzzing last summer about how Rumsfeld planned to transform the military--cutting entire Army divisions, scuttling aircraft carriers, killing the F-22 Raptor and Crusader howitzer programs...
...would “terminate early and may return credit risk to Enron.” But that risk was not always adequately disclosed to the shareholders whom it was Winokur’s duty as a director to represent. They stayed invested in the company even when the Raptor vehicles were collapsing and Enron’s losses piled up unseen...
...goes to great lengths to show Fastow and his treacherous underlings as the real villains in this morality play, as well as to explain and justify the board’s repeated decisions to suspend conflict of interest rules. The strongest accusation leveled at the board of directors over Raptor I is that the proposal “deserved closer and more critical examination”—this for a proposal allegedly conceived and presented as a means of concealing pertinent information from shareholders...