Word: failed
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...establishing a supposed hard line against bailouts over the weekend with Lehman Brothers, the government abruptly abandoned it Tuesday and announced an $85 billion Federal Reserve loan to insurance giant AIG. The explanation: AIG was deemed too huge (its assets top $1 trillion), too global and too interconnected to fail...
...proposals for improvement that include satellite tracking of relief vehicles and specialized reconnaissance teams. In the face of the deep institutional problems, however, these solutions are far from panaceas. As the recent hurricanes have illustrated, a full three years after “Katrinagate,” FEMA has failed to address the root causes of its problems.FEMA remains under the auspices of the Department of Homeland Security: a subordinacy that has placed the goal of protection against terrorist attacks far above that of disaster relief. Monetary backing for FEMA’s national response teams, which constitute its primary...
...talks had said that Mbeki was on the verge of quitting his mediation role on behalf of the Southern African Development Community (SADC) in frustration. "President Mbeki was fuming, threatening the Zimbabwean leaders that SADC will not be responsible if there is bloodshed in their country if they fail to reach an agreement," said the source. "He was literally angry at the two leaders." That may have done the trick, since the support of Zimbabwe's neighbors is crucial to both men: if the SADC were to turn its back on Zimbabwe, Mugabe would be unable to govern with...
...fourth most populous country, but they can be found in the cupboards of almost every Indonesian household. That wasn't the case a decade ago, however, when inflation and rioting following the fall of President Suharto's 32-year military regime prompted food prices to soar, caused factories to fail and led unemployment to double...
Quality control is its biggest challenge. On occasion, either the millers fail to produce the contracted grade of flour or some of the factories fail to pay IRD its share of profits. IRD tests batches each month and refuses anything that does not pass muster. If factories fail to pay on time, IRD sends bill collectors after them and threatens not to renew their contracts. "We put the fear of the Lord in them," say Peggy Sheehan, adviser to IRD president Keys. The USDA also sent inspectors to Indonesia to make sure its donations were being used as intended...