Word: failed
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...system did fail and the resulting cascade has been breathtaking. Until Madoff admitted to his family that his entire career as one of the most successful money managers in the world was a fraud, the global economic collapse did not have a face. Men like Chuck Prince and Stan O'Neal were too bland and their sins were based on greed and stupidity not genius and deception...
...problem is that if we do any kind of report & fail to address these Qs, press jumps on you wanting to know answers; while if you give answers that aren't fully honest (e.g. nothing re Hillary) you risk hugely compounding the problem by getting caught in half-truths. You run risk of turning this into 'cover-up.' " - from a note that Stern wrote regarding the firing of the White House travel office staff, allegedly at the request of then-First Lady Hillary Clinton. Some people claimed that the employees were fired so that Hillary could appoint friends. (New York...
...unemployed blogger now finds himself in hot water for allegedly being "Minerva," a web guru who posted his thoughts on the state of the economy and the government's economic policies. Those thoughts generated huge attention in Korea, particularly following Minerva's prediction that Lehman Brothers would fail. Those musings, however, have not sat well with Seoul. Now Park has been taken into custody by the government and, according to his lawyer, faces a maximum five-year prison sentence for allegedly spreading false information with the intention of harming or threatening public interest. Late last week, Park was denied bail...
Some of us, of course, will believe that change when we see it. Maybe we're the ones Obama had in mind when he said, "What the cynics fail to understand is that the ground has shifted beneath them." Whether Obama can affect that shift--and where those tectonic plates carry him, and us--is the next big story of our frightened, giddy culture...
...Even more important, Obama promises a respite from the nonstop anger of the recent American political wars, the beginning of an era of civility, if not comity. "What the cynics fail to understand," he said in his speech, "is that the ground has shifted beneath them - that the stale political arguments that have consumed us for so long no longer apply...