Word: spendthriftness
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Bizarre as it may seem to some Westerners, the prospect of Saddam's emerging as a populist idol is not farfetched. In a region rife with dissolute and spendthrift rulers, he is admired for his austere and disciplined habits. "He has no palaces, no Swiss bank accounts," says Major General Yusuf Kawash, a retired member of the Jordanian army. Saddam has positioned himself as an avenging Robin Hood, intent upon stealing the wealth of the affluent but uncaring gulf states and redistributing it to the impoverished Arab masses. Jordan's Hussein reinforced that reasoning early last week, when he said...
...candidate was jeered at a jet-engine factory outside Cincinnati. At fire-ravaged Yellowstone National Park, after commending the fire fighters, he had nothing of substance to say. He at first tried to ignore questions about Bush's attack of the day, which was that Dukakis was a spendthrift mismanager as a Governor. But he finally counterattacked, pointing to his ten balanced budgets...
...Film Star Brian Dennehy (Silverado, F/X) as a benevolent yet diffident Lopakhin, less a brash parvenu than a man poignantly conscious of his humble origins and clumsily trying to fit in. He is in his own way just as dreamy as Lyubov (Natasha Parry), the estate's spendthrift owner, whom he constantly upbraids for her impracticality. She ignores the impending auction of her home because any available means to "save" it would change and therefore destroy it. When Lopakhin cannot recruit her to his scheme, he plunges ahead, basing his gamble less on business acumen than on a burbling belief...
...shaky side of the balance sheet for today's banks is not necessarily deposits but loans. The U.S. banking industry is saddled with $59 billion worth of sour loans made to a lengthening list of troubled borrowers: developing countries, farmers, takeover artists, real estate developers, oil drillers and spendthrift consumers. While most U.S. banks can handle bad debts during good times, a recession would turn a quiet problem into a grinding one. Many more borrowers could go over the brink, along with their banks. The resulting rash of federal bailouts could strain the Government's deposit- insurance system and even...
...before the government admitted to a famine. And Mengistu, a former army major with a tendency toward the grandiose, was widely denounced for spending an estimated $100 million to commemorate the tenth anniversary of the revolution that deposed Emperor Haile Selassie. There are signs he may be curbing his spendthrift ways: in September, when the country was renamed the People's Democratic Republic of Ethiopia, Mengistu opted for a cocktail party instead of a banquet...