Word: failings
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...Marie-Gabriel himself hastens to admit. Indeed, anticipating that Fonacon's efforts will yet again fail to prevent the New Year from arriving, Marie-Gabriel and his peers already have plans for Dec. 31, 2009. "We're going to stop messing around and take the fight against 2010 directly to the top," he pledges. "Everyone meet us at United Nations headquarters in New York City...
...some responsibility for their current predicament, for many of the reasons you cite, the U.S. Treasury and Federal Reserve have unclean hands as well. Each of the car companies had adequate capital entering the fall, but when Treasury and the Fed "brought down the house" by letting Lehman Brothers fail, worldwide credit markets froze, preventing Americans from buying cars. Financial markets and the lack of available consumer credit - not a lack of appealing car designs - are the reasons for this crisis, and piling the blame on Detroit is simply not balanced. Steven M. Friedman, NEW YORK CITY...
...holding.) One pastor said he considered regular Sunday services at his church to be "seeker-friendly," but holidays like Christmas and Easter were "seeker-focused." The irony is that by holding Christmas Eve services that cater to first-time visitors and shuttering their doors on Christmas Day, churches often fail to meet the spiritual needs of their longtime members on one of the holiest days of the year...
...fact, it's not hard to argue that the Korean economy was better off with Daewoo out of the way. The persistence of the belief that Daewoo and the other giant Korean conglomerates were too big to fail led many bankers and bond investors to toss billions at them no matter how loony their business plans or unprofitable their projects. Money was wasted in unproductive ways. Once the too-big-to-fail perception was finally dispelled and the large conglomerates were no longer considered the safest investments, bankers and investors, looking for new opportunities, more readily financed small firms, entrepreneurs...
...economist called Japan a "loser's paradise." The classic zombie was retail chain Daiei, which limped along for years, crushed by debt and multibillion-dollar losses, as banks kept bailing out the firm. Daiei, with nearly 100,000 employees at the time, was considered by politicians too big to fail. It was only after Japan began solving its zombie problem, rather than perpetuating it, that the country's financial crisis was finally resolved. (Daiei eventually was pushed by its creditors into a workout plan sponsored by a state-linked restructuring agency...