Word: worst
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...almost any measure, a failure. Chuck Prince at Citi was replaced by Pandit, who is considered a well-meaning dolt by most people. Stan O'Neal of Merrill Lynch was replaced by former NYSE CEO John Thain. Thain made the error on more than one occasion of saying the worst was behind Merrill only to end up selling the company to Bank of America (BAC). Thain became enmeshed in the controversy over whether he properly disclosed Merrill's fourth quarter financial condition and if he was involved in paying Merrill executives bonuses that should not have been paid without Bank...
...early hours of April 6, Italy's worst earthquake in nearly three decades struck in the nation's central region of Abruzzo, killing more than 200 people, leaving tens of thousands homeless and destroying everything from schools to medieval churches. Days later, rescue workers were still searching through flattened apartment blocks and rubble-packed ruins in the slim hope that there were survivors to be found...
...world should have learned anything from the worst economic downturn since 1945, it is to heed those who warn that danger is ahead - and to listen to those who argue that it is precisely the least expected catastrophe (a "black swan," as they are now known after Nassim Nicholas Taleb's 2007 book of that name) that can do the most damage. That does not mean we should all live, risk averse, cowering in a cave of our own making. It does mean that it behooves us to listen to those who, based on knowledge and insight, warn...
...Crowe, 45, he's a tabloid scribe's dream, a paparazzo's enemy and the occasional hotel employee's worst nightmare. He's also the rare dramatic actor whose chameleonic intensity has lifted the quality of nearly every film he's been in, ever since Sharon Stone brought him to Hollywood for The Quick and the Dead in 1994. As a compromised cop in L.A. Confidential, a tobacco executive in The Insider, a wily negotiator with South American kidnappers in Proof of Lifeand so many more, Crowe has been able to erase his thuggish public persona the moment he steps...
Meanwhile, the country has for now managed to avoid the worst of the global financial crisis, thanks to the conservative policies of its central bank governor, Riad Salame, who banned the exotic financial instruments and over-leveraged practices that became common in the rest of the world. While Salame took office before President Suleiman came to power, the validation of his banking policies are adding further shine to the reputations of the country's non-partisan officials. Suddenly, Lebanon feels like an island of stability in a world upside down...