Word: disasterous
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TR: Not only did we foresee the possibility, we anticipated it. One of my great disappointments with the government’s response to Katrina was that the procedures and plans that we had developed in anticipation of something as cataclysmic as Katrina were not applied in a timely or...
With the exception of Johnson's remarkable run, the few successful 100-day sprints have been a triumph of vision over substance. Roosevelt, Reagan and Obama changed the national mood more than anything else - and moods can change back quickly, especially in our overripe, overwired cable-news dystopia. As impressive...
When I wake up I can tell that I’m on the third or fourth floor of a big house, not an entirely unfamiliar one, but one that I’ve been in two, maybe even three times before.I can tell that I’m the...
Its government-is-the-problem response to President Obama's first joint address to Congress by one of the party's rising stars, Louisiana Governor Bobby Jindal, was a "disaster for the Republican Party," as conservative New York Times columnist David Brooks put it. The installation of a new party...
For CDSs that back investments in mortgage-backed securities, this is especially potent. There is no way to insure a disaster that in turn causes other disasters. It would be like providing health insurance when one heart attack induces a chain of other heart attacks in the population. Therefore, the...