Word: sank
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...perception of deception is so widespread, the stakes so high and the costs so great that investors are choosing to forfeit a game they now think is rigged. The markets skidded last week straight past their 9/11 lows into the most bearish forests in a generation. The dollar sank ever lower, and the Dow dropped through 9,000 toward a 7.4% loss for one week alone. Financial planners say many people won't open their 401(k) statements; they just can't look. But as we wait in the dark, a new reality takes hold, that our lives this year...
...allies' hearts sank as Bush stood at a press conference swatting at questions about his own past. He had joked his way through a 30-minute prep session earlier in the day, as if to assure his aides, Not to worry; he had this stuff under control. But he did not. "In the corporate world," he declared when pressed about how Harken Energy had hidden losses while he was on its board, "sometimes things aren't exactly black and white when it comes to accounting procedures." It was a defense that only an Arthur Andersen executive could love. The President...
...perception of deception is so widespread, the stakes so high and the costs so great that investors are choosing to forfeit a game they now think is rigged. The markets skidded last week straight past their 9/11 lows into the most bearish forests in a generation. The dollar sank ever lower, and the Dow dropped through 9,000 toward a 7.4% loss for one week alone. Financial planners say many people won't open their 401(k) statements; they just can't look. But as we wait in the dark, a new reality takes hold, that our lives this year...
...allies' hearts sank as Bush stood at a press conference swatting at questions about his own past. He had joked his way through a 30-minute prep session earlier in the day, as if to assure his aides, Not to worry; he had this stuff under control. But he did not. "In the corporate world," he declared when pressed about how Harken Energy had hidden losses while he was on its board, "sometimes things aren't exactly black and white when it comes to accounting procedures." It was a defense that only an Arthur Andersen executive could love. The President...
...Democrats have been working hard to draw the parallels and revive interest in another SEC investigation in which Bush was cleared of trading on inside information twelve years ago when he sold stock two months before the company announced a large loss and its stock price sank. White House aides insist none of the recent questions about the president's past have affected his policy or the speech outlining it, but the dustup has annoyed a Bush team always nervous that voters might turn their anger about corporate fraud on a president who is proud of his business-friendly posture...