Word: wrecks
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Dates: during 2000-2009
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...Armstrong, the CEO of AT&T, or the raging fire of IBM's Gerstner. But Levin's brainpower, delivered first from a pedestal as Time Warner's strategist and futurist, has commanded the board of directors' attention. And so have his flameouts, riveting in the same way a NASCAR wreck is--all wheels, fire and smoking rubble. His track record, after all, includes half a dozen spectacularly costly crashes. Among them: TV-Cable Week ($47 million), a TV-information service called Teletext ($30 million) and, most famous, the Full Service Network in Orlando, Fla. (in excess of $100 million...
Second, the Federal Reserve is expected to tighten rates, maybe even dramatically, to try to cool off the consumption boom. An aggressive tightening could wreck whole sections of this market, from cyclical industries like coal and steel and copper companies to banks and savings and loans. Cyclicals need low rates to keep the expansion going. Financials rely on the spread between short rates and long rates for much of their profits, and if the Fed takes up short-term rates, their margins will be squeezed and their earnings could disappear...