For some time, I’ve been seeing and hearing the phrase due diligence and wondering exactly what it meant, though one could make a pretty good guess. Ron Sturgeon explains it in a new book, “Green Weenies and Due Diligence: Insider Business Jargon — Raw, Serious and Sometimes Funny.”
Of due diligence, he says, “In contracts, it’s the effort to verify information and to research the validity of documentation and material facts. It’s a required standard of care that a professional is expected to maintain.” Sounds like the kind of phrase the lawyers would insist on.
Sturgeon also explains come-to-Jesus-meeting, an expression often used by a publisher I once worked for: “A disciplinary or other meeting where bad news is announced or discussed. The jargon implies that some participants may cry, wring their hands and have soul-searching moments during the meeting. Of course, it also applies to a meeting with just one employee where performance is discussed.” This particular publisher was removed from office by the chain that owned the newspaper. After a come-to-Jesus meeting, I suppose.
“KATMANDU, Nepal — Police fired tear gas and beat protesters with batons Wednesday as 7,000 people poured into the center of the Nepalese capital in continuing pro-democracy rallies.
“It was the largest demonstration in 11 straight days of protests against King Gyanendra’s direct rule over this Himalayan kingdom.
“Protesters waived the flags of the political parties taking part in the march and chanted anti-government slogans.”
It’s probably a good thing they didn’t wave the flags. Might have incited the police to further violence.
The die is casted:
“Plamegate: Prosecutor casted wider net than previously known.” The past tense of cast is cast.
It’s Eureka Springs. It’s understandable:
An editorial cartoon in the Lovely County Citizen shows President Bush making excuses for the mismanagement of the hurricane disaster. The cartoon Bush says, among other things, “We couldn’t have known the dykes would break … ”
Bob Scoggin, 50, the Department of Arkansas Heritage archeologist whose job it was to review the work of agencies, including DAH and the Arkansas Highway and Transportation Department, for possible impacts on historic properties, resigned from the agency on Monday. Multiple sources say Scoggin, whom they describe as an "exemplary" employee who the week before had completed an archeological project on DAH property, was told he would be fired if he did not resign.
Reforms promised by the Division of Children and Family Services are "absolutely necessary," the president of DCFS's independent consultant told a legislative committee this morning. But they still may not be enough to control the state's alarming growth in foster care cases.
Fake news is a new phenomenon in the world of politics and policy, but hokey economic scholarship has been around as long as Form 1040 and is about as reliable as the news hoaxes that enlivened the presidential campaign.