Word: scenarioed
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...worst-case scenario, economic historians may find that all of Paulson's predictions come true, leaving the cost to the Federal Government far greater than the risky $700 billion investment in the private sector. If this comes to pass, the historians will find many people to blame: Paulson and President Bush for failing to explain the plan better. The House leadership for failing to whip enough votes. Even the presidential candidates for failing to use their bully pulpit to force the issue...
...after that? Think the unthinkable. On Sept. 18, Paulson and Bernanke laid out the dark scenario for stunned-silent congressional leaders: a stock-market crash, businesses going under, unemployment soaring, consumers unable to get so much as a car loan, banks failing so fast that they would quickly drain the federal deposit insurance fund--and with it, countless people's life savings. And unlike the chain reaction that came over the course of weeks and months in 1929, this one would happen in a matter of days, if not faster. "The chain reaction," said Paulson, "is quicker than...
...employees, some of whom expressed surprise as well as relief that they might keep their jobs. "Now we have a parent with money, an understanding of the region, and a desire to expand globally," says a Lehman employee in Hong Kong. "I don't know anyone who had this scenario in mind...
...There's still a slim possibility Alitalia can be saved. Air France-KLM or German carrier Lufthansa might make a new offer, or the Italian consortium could reconsider if the labor syndicates show more leeway. But the likelier scenario is that Italy's national carrier goes under for good...
...Angeles World Affairs Council last week, CIA Director Michael Hayden said that al Qaeda's obtaining a nuclear weapon is the CIA's deepest fear. While he was right in the sense that bin Laden potentially could again kill thousands of Americans, it's a worst case terrorist scenario and not the most likely one. The Marriott bombing reminded us once again that it is the common, everyday weapon we should be most afraid of. The 9/11 hijackers took over four airplanes with box cutters...