Word: stung
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...feels insecure on a more basic level. "I voted for Mitterrand in 1981 because he promised to reduce unemployment," said the tobacconist, who supports an ; invalid husband. "But today 3 million French are out of work. My neighbor committed suicide when he lost his job. Families are shattering." Whether stung by France's 10% jobless rate, by recession in Britain or by the costs of unification in Germany, voters are feeling the pinch -- and they are taking it out on Maastricht, the politicians' pet project. "Everyone is looking for scapegoats," says Cognac city councilor Jerome Mouhot. "Brussels is a convenient...
...other evening, three guys ran across Candlestick Park brandishing a bed- sheet sign that read PLEASE DON'T GO! Stung by the announced sale of the San Francisco Giants to a consortium representing St. Petersburg, Florida, these three were exercising the birthright of any sports devotee: impotent pleading. This was the charge of the night brigade. But the trio might as well have been riding into the Valley of Death instead of invading the blustery pasture of America's crankiest ball park. The people who buy the tickets, whose taxes pay for the stadiums, who fantasize and fret over their...
...Stung by heavy losses and highly critical of management, many of the Names (as investors are known) who make up the Lloyd's insurance market had long demanded the resignation of chairman David Coleridge, 60. Last week Coleridge stepped down and nominated as his successor David Rowland, 58, chief executive of the Sedgwick Group, an insurance firm. Since Rowland is considered a close associate of the former CEO, dissident Names are less than euphoric...
...week cast crucial votes to authorize sending troops overseas for the first time since World War II to participate in carefully circumscribed U.N. peacekeeping operations. The move follows Japan's tentative step of sending minesweeping forces to the gulf after the war, and is a victory for the government. Stung by Western criticism of Tokyo's painless pay-your-way yen diplomacy, the government has sought to fashion a global political role for Japan that matches its economic muscle...
...Stung by criticism of lax enforcement, the SEC has been pressured into cracking down. The watchdog agency has opened a raft of investigations into cases involving corporate insiders in recent months. In one of its toughest actions to date, the SEC last October filed insider-trading charges against three top officers at Shared Medical Systems. The executives, including CEO R. James Macaleer, are accused of making false statements about Shared Medical's financial health and then selling 157,400 shares, at 35 to 4114 each, before the Malvern, Pa., company disclosed a sudden sharp decline in its earnings. The news...