Word: phoenixed
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...common practice: airlines' using outside contractors to perform routine maintenance and repairs. Although the ValuJet crash is now believed to have been caused by mislabeled oxygen generators rather than an inspection or a mechanical failure, those generators had been prepared for shipping by one such subcontractor, SabreTech Inc., a Phoenix, Arizona, company that handled a number of tasks for the airline...
...heir to the Frick steel fortune whose relatives have figured in business and government for centuries, John Fife Symington III made his local reputation as a real estate developer. But 13 of his projects went belly up. One, the Phoenix Mercado mall, was financed with $10 million from six union pension funds, which sued for repayment, eventually forcing Symington into bankruptcy...
Manning suggested that Symington ran for office because he was going broke. A novel promissory note signed in 1992 between Symington and Phoenix lender Jerome Hirsch drastically scaled down the money owed if Symington were to be President when the loan came due. The indictment's count of attempted extortion charges that in trying to soften repayment terms on the $10 million union loan, Symington as Governor threatened to cancel a lucrative Arizona State University lease...
Arizonans, beaten down by the Evan Mecham and S&L king Charles Keating scandals, may have little patience for leaving Symington in office--even though in a way it seems their prayers were answered. Says Jerry Colangelo, a principal owner of the Phoenix Suns: "No one can argue that the state [isn't] in the best financial shape it has been for years...
ARIEL SHARON Phoenix-like, hawkish ex-general is likely to rise again, just behind Bibi's throne...