Word: shells
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...numbingly complex. But it's crucial to learning how the company fell so far so fast, taking with it the jobs and pension savings of thousands of workers and inflicting losses on millions of individual investors. At the heart of Enron's demise was the creation of partnerships with shell companies, many with names like Chewco and JEDI, inspired by Star Wars characters. These shell companies, run by Enron executives who profited richly from them, allowed Enron to keep hundreds of millions of dollars in debt off its books. But once stock analysts and financial journalists heard about these arrangements...
...than explosive. On Dec. 23, Pakistan lobbed an 81-mm mortar into Chand's courtyard, the first time such heavy ordnance has been used in the area since 1971. The mortar landed in mud and failed to detonate. Now army engineers are trying to extricate it, whacking around the shell with heavy pickaxes. "If that thing had burst," says Chand, observing from a few feet away, "nothing would have survived...
...than explosive. On Dec. 23, Pakistan lobbed an 81-mm mortar into Chand's courtyard, the first time such heavy ordnance has been used in the area since 1971. The mortar landed in mud and failed to detonate. Now army engineers are trying to extricate it, whacking around the shell with heavy pickaxes. "If that thing had burst," says Chand, observing from a few feet away, "nothing would have survived...
...took a huge bite of 2001's stock losses, but all three major indexes still posted losses for the second straight year. Another three bears in 2002 would make it the first three-year losing streak since 1941. And more than a few forecasters - seeing disappointing corporate earnings, still-shell-shocked capital spenders and languid consumer demand - are predicting just that...
Simonetta Vespucci, the mistress of Giuliano de' Medici, died of tuberculosis at 23, but it is said Botticelli used her lissome and rhythmical curves as the model for Venus on her half-shell and Flora in La Primavera. Vespucci may have looked like that, or she may not. Maybe she was a blond pudge like Pamela Anderson. Getting tumbled in a wave of neo-Platonic fantasizing about how outer shape mirrors inner essence--"For Soule is Forme, and doth the Bodie make," wrote the poet Spenser in 1596--may be great for the figure and complexion when court painters like...