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Enron had already collapsed and filed for bankruptcy protection by the beginning of 2002. But despite complaints from short sellers that corporations had used accounting gimmickry to inflate their profits, many investors thought the crisis at Enron was an isolated case.
The U.S. spent billions of dollars to build a secular, professional national Iraqi army but failed because, despite all the U.S.-supplied guns, tanks and planes, the Iraqi military fell apart when challenged by a band of terrorists.
I've been around since I was 19, I won the Oscar when I was 21, I've had a couple of TV series. I've continued to work despite the predictions of some naysayers.
Despite an unqualified understanding that U.S. national security was inextricably bound up with Britain's survival, F.D.R. knew that his reelection in part rested on the hope that he would keep the country out of war.
Just as there are many Jews who keep the Friday ritual in their home despite describing themselves as atheists, I am a 'tribal Christian,' happy to attend church services.
The biggest challenge for any craft person or artist is to accept the constraints of their medium and make something beautiful despite them. That's kind of fun, actually.
Frankly, despite my horror of the press, I'd love to rise from the grave every ten years or so and go buy a few newspapers.
It was the separation of powers upon which the framers placed their hopes for the preservation of the people's liberties. Despite this heritage, the congress has been in too many cases more than willing to walk away from its constitutional powers.
Despite the successes, you remember the failures - rather lovingly.
I admire Ginsberg as a poet, despite the fact that he seems not to know when he is being good and when he is bad. But he will last, or at least those poems will last.
The culmination of a long struggle was 2013, which could clearly be labeled the Year of the Gay. State after state had legalized gay marriage, despite intense opposition from the religious right.
Despite what some would have us believe, success is not built on resentment and fear.
Over the last five years, the Administration and the majority in Congress have appropriated less than $900 million for port security grants - despite the Coast Guard's determination that $5.4 billion is needed over 10 years.
The 'find it, fix it 'model of medicine doesn't work any more. The U.S. healthcare system is bankrupting the country, bankrolling the insurance companies and exhausting healthcare staff. And despite all that, we are ranked 50th in the world for life expectancy.
I think that having a job in journalism, despite all of the changes, is still a fantastic way to be - make a living observing your society and having a chance to use your voice.
Despite a large body of work in films, TV, theatre and concerts, I am viewed by many as a Jewish artist. I do not resent the label, except for the fact that I disapprove of labels in general.
We exist in this weirdly schizo culture, where sex is everywhere in the media, and yet, at the same time, you don't sit down and have a conversation about what you did in bed last night with your friends. Despite the ubiquity of sex, it's still a taboo when it comes to day-to-day conversation.
Despite the sometimes sordid turns his life took, Michael Jackson always held my fascination, like he did for most of us.
Despite the fact that I spend a lot of time in London, Switzerland and New York, Africa is the place I know and love best, and my heart will always lie here.
Let's stop pretending we can arrest our way to safety and security. Despite all the fine work that policemen and women do, we have got to find other solutions to deter crime.
Carrie P. Meek
Despite recent speculation in the media, and after difficult but sincere consideration, I have decided not to direct 'Catching Fire.' As a writer and a director, I simply don't have the time I need to write and prep the movie I would have wanted to make, because of the fixed and tight production schedule.
Despite all the progress climate scientists have made in understanding the risks we run by loading the atmosphere with CO2, the world is still as addicted to fossil fuels as ever.
I have never been particularly good with languages. Despite a dozen years of Hebrew school and a lifetime of praying in the language, I'm ashamed to admit that I still can't read an Israeli newspaper. Besides English, the only language I speak with any degree of fluency is Spanish.
I'd like to think life has improved since 1850, despite the long hours we all seem to spend slaving over hot computers, but the psychological journeys remain the same - the search for love, identity, a meaningful place in the world.
Gen Y consume most of their media online and mobile. Gen Y, as the Baby Boomers drop off, are the largest cohort with the largest amount of money - despite the fact that half of them are unemployed.
The Conservatives are a confusing lot. They first denied climate change was a serious issue and then suggested strengthening the nuclear industry as a solution to it. They oppose the European Union, but support joining North American Free Trade Agreement, despite its obvious failure.
A. P. J. Abdul Kalam
Leonardo da Vinci
Martin Luther King, Jr.
Image of the Moment
As knowledge increases, wonder deepens.
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