Word: wave
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Imagine you adore a blue-eyed young man with a pert nose and a soft wave of brown hair, and so you get your parents to take you to his latest movie, Me and Some Dead Guy Who Was Famous Once and the boy is even cuter than usual, but there's also this big guy, with crazy eyes and much less docile hair, who talks about Shakespeare (kill me now), insults everybody - the cute boy worst of all - and chews cigars and sometimes when he talks you see actual spit coming out of his mouth...
...there anything we could do now to prevent this wave from coming? Probably not much. One of the main points of the book is to show how private equity and leveraged buyouts don't work, and even if the credit crisis I'm predicting doesn't happen - even if the economy recovers and some of the companies can refinance and push their debt off - the core practice is still destructive. Many of these companies will fall apart anyway. In the 1980s, when Michael Milken was funding buyouts, 52% of the biggest 25 companies acquired ended up going bankrupt...
...caused us to question the continental security we had until then rarely worried about. We waged war in Afghanistan that drags on and today is deadlier than ever. Then came our fiasco in Iraq. Don't forget the anthrax letters and later the Washington, D.C., snipers and the wave of Wall Street scandals highlighted by Enron and WorldCom. (See a photo-essay on 9/11 first responders...
...mosque was destroyed by Hindu extremists in order to rebuild a Hindu temple that had stood on the same site hundreds of years earlier, and it triggered a wave of Hindu-Muslim violence that left more than 2,000 people dead. Seventeen years later, leaks from the report of the Liberhan Commission (named for the presiding judge), which allegedly held some current leaders of the opposition Bharatiya Janata Party (BJP) culpable for the destruction of the mosque, provoked scuffles in Parliament, offering a reminder that beneath the "Shining India" image of modernity the BJP had once proclaimed lie some ugly...
Even when the energy took a dark turn, the wave of emotion may have still served the interests of the 27-year-old Egyptian regime. "Football is the opium of the people," says Hossam el-Hamalawy, a prominent Egyptian blogger, journalist and activist. "Both Egypt and Algeria have been going through severe economic turmoil recently, in addition to political crises. What better way to divert the people's attention than a football...