Word: snafuing
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Dodging the credit crunch has burnished its image, too. According to the MDRC survey, lenders hit hardest by the subprime snafu suffered sharp drops in client-satisfaction scores at their private-banking or wealth-management units. The worry, says Williams, was that "these pristine organizations were shown to be pretty sloppily run." Take UBS, the world's largest asset manager. Exposure to the U.S. mortgage market at its investment-banking unit has triggered $37 billion in write-downs over the last few months. Spooked by these signs of slack judgment, some private-banking clients have yanked their cash; shareholders have...
...less so: they seem to have ended up where they know they will be not merely successful but happy. Whereas each class of high school seniors that touches down in Cambridge each fall undoubtedly consists of a sizable pack of strays who, in search of some pedigree in the snafu of college applications, have ended up where they can afford to be dedicated to success and little else. By contrast, transfers generally come because they know what they like, and see it at Harvard; they struggle against even slimmer odds to spend two or three years of tertiary education...
...book became a handsomely detailed TV perennial directed by Chuck Jones, the Warner Bros. animation genius who had worked with Geisel on the wartime Private Snafu cartoons and, in 1966, brought Dr. Seuss' How the Grinch Stole Christmas! to the small screen. This Horton was narrated by another old Geisel colleague, Hans Conried, the actor who had incarnated that pedagogue-demagogue, that piano-teacher torturer, Dr. Terwilliker in Geisel's fantastical live-action film The 5,000 Fingers of Dr. T. And you shouldn't miss the elephant's first appearance in movies, in the Warners cartoon Horton Hatches...
...last year, "the idea [it] can decouple and not be affected by what happened in their most important export market [the U.S.] was always rubbish," says Stein, so long as domestic consumption can't make up for any shortfall. And neither is Asia resistant to fallout from the subprime snafu either. Analysts speculated Monday that Chinese banks could soon cough up to huge losses linked to exposure to the U.S. mortgage market. The Bank of China, for one, with almost $8 billion in subprime-related assets, is expected to shortly announce losses...
Despite this early snafu, Richter continued his phenomenal play between the pipes this season, as he turned away 39 shots in 63:34 minutes of play...