Word: stung
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Dwight Evans cost his old team a chance to move up in the AL East, drawing a bases-loaded walk with two outs in the ninth inning that gave the Baltimore Orioles a 6-5 victory yesterday and a doubleheader split that stung the Boston...
After applauding Buffett for his changes, Congress focused its anger on regulators. House members, seeking a new image of toughness after being stung by the savings and loan debacle, blasted the Securities and Exchange Commission, the Treasury and the Federal Reserve for failing to detect Salomon's fraudulent bids fast enough. Congressional leaders accused regulators of being too cozy with Wall Street firms and warned that Congress would move quickly to overhaul the $2.2 trillion government-securities market to prevent similar abuses in the future...
PROBES APLENTY. Just five days before he formally announced his resignation in order to run for the Senate, Attorney General Dick Thornburgh declared that the Justice Department will issue "far-reaching indictments" within "the next month or six weeks." Stung by charges that Justice was moving too slowly against B.C.C.I., the department seems to be trying to catch up to the fraud, bribery and grand-larceny allegations brought by a New York State grand jury in late July. But some disgruntled law-enforcement sources told TIME that major federal indictments were unlikely anytime soon because Justice probes in Washington...
...cloth of chicanery continues to unravel. Among the developments last week: -- Stung by accusations of inertia, the Justice Department said a task force of 10 federal prosecutors was studying B.C.C.I. activities in Washington, Atlanta, Miami and Tampa. Subjects of the investigation will include U.S. politicians and other leaders suspected of receiving millions of dollars from B.C.C.I. in payoffs and bribes. Attorney General Dick Thornburgh, while denying charges of foot dragging, assured a House subcommittee that his & department has "committed all necessary resources to unraveling any violations of the United States federal and criminal laws and pursuing any evidence that exists...
...widely forecast that the embargo would provoke a laager (circling the wagons) mentality among whites, a nose-thumbing determination to defy world opinion. That happened in Rhodesia in the late 1960s, but exactly the opposite seems to have occurred in South Africa: the | shock of finding themselves moral outcasts stung many of the nation's whites so deeply that they went along with a faster and more thorough dismantling of apartheid than they might have countenanced otherwise. "It was the feeling that the country had become a global pariah rather than the economic pressures, however substantial, which seems to have...