Word: ruinously
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...spectacular wager on your future, with your money, by 10 unelected and largely unknown officials operating behind closed doors. By raising the rate that underpins most other borrowing costs to its highest level in nine years, the committee is hoping--make that praying--to cool the economy and forestall ruinous inflation without jeopardizing the longest-running expansion in U.S. history...
Fast-forward to the present. Lloyd's has indeed been rocked by ruinous asbestos claims, and managed to survive only with the help of a pliant Parliament. But a stone-broke Evans has lost her home. Thousands of Names have been wiped out financially. Some committed suicide. Even such notables as brokerage founders Charles Schwab and Dan Lufkin have been exposed to the loss of millions in what has been called the biggest and baldest swindle in history, perpetrated behind the clubby doors of the world's most respected insurance organization...
...crossing shrew or a courageous whistle blower. Monica Lewinsky is either a vixen or a violated innocent. (An innocent in thong underwear, but still.) And Lucianne? At a minimum, she is forever sealed in history as the New York City literary agent who uttered to her friend the most ruinous sentence of the Clinton presidency: "Linda, buy a tape recorder...
...scandal was a gossip's dream--and a moralist's too. For a solid year we were all part of Lucianne's phone network, and the media culture was remade in her image. Our giddy appetite for gossip--for chicanery and sexual indiscretion and human failings in all their ruinous possibility--got bound up inextricably with moralizing and political ideology, just as it did when she and Linda Tripp decided the world should know about the President and Monica Lewinsky. So thoroughly have the high-minded elements been mixed with the tawdry ones that it may take us forever...
...first, forget about cooperative agreements among states to stop the war of incentives. They've been tried, and they don't work. In October 1991, New York City, New York State, New Jersey and Connecticut agreed that a series of costly bidding wars to attract corporations was ruinous for all concerned. The four governments signed what was described as a nonaggression pact. Less than a year later, the truce was in tatters. New Jersey fired the first shot; among its targets was the New York Mercantile Exchange, which it tried to entice across the Hudson to Jersey City. Piqued...