Word: scandalizer
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...hasn't been very good at governance. Perhaps it's time for Bush to do what Ronald Reagan did to shore up his White House in the final years-bring in a team of terrific managers, people with credibility from Day One." Faced with the Iran-contra scandal, Reagan brought in Howard Baker and then Ken Duberstein as chiefs of staff, Frank Carlucci and then Colin Powell as National Security Advisers (Powell told Reagan, in no uncertain terms, that Lieut. Colonel Oliver North, who was running an illegal war from the White House basement, had to go). President Bush confronts...
...past month, screeners like Plante have braced for a new directive from the Vatican. In the wake of the sexual-abuse scandal among U.S. clergy--in which some 80% of the victims were boys--the church seemed poised to carry out a blanket ban on admitting homosexuals, even celibate gays, to its seminaries. Italian newspapers, however, are now reporting that Pope Benedict XVI had signed a somewhat less extreme "instruction." (See accompanying story.) But while awaiting that edict, the psychologists like Plante, who (among other things) help determine whether prospective seminarians are gay, have been drawn into a debate about...
...near cinematic display of favoritism--the top bank regulator chumming it up with someone he is supposed to regulate--reinforced Italy's nearly mythic status as Europe's most rigged economy. The scandal created a major crisis for the government of businessman Silvio Berlusconi, itself no paragon of arm's-length transactions. Yet even Berlusconi finally found enough moral high ground to call on Fazio to resign his lifetime post after Finance Minister Domenico Siniscalco quit in protest when his calls for Fazio to step down had no effect. Siniscalco's replacement, Giulio Tremonti, who clashed with Fazio...
...every ounce of his notable clout. His stated goal is for Italian banks to be at the service of Italian businesses. In practice, this has meant keeping foreign firms out. It's a shortsighted view and dangerous: some blame the insulated Italian banking industry for the $9.6 billion Parmalat scandal of 2003, as the mega-leveraged dairy giant was able to create new debt wherever it turned...
...latest adventures, Icahn owes a big assist to the $1 trillion hedge-fund industry, to which he is closely allied and which gives him financial heft he hasn't enjoyed since being backed by Michael Milken's junk bonds 20 years ago. And in the post-scandal age, yesterday's raider is today's shareholder activist. Icahn is playing that role to the hilt, lashing out at executive mismanagement and excess. In his view, corporate America is plagued by CEOs and boards compromised by cozy friendships and financial relationships--to the detriment of tough decision making and healthy share prices...