Word: failings
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Dealing with the financial crisis was “an all out race to stave off disaster,” Paulson said last night. He added that he never let himself think about the possibility that the financial system would fail, although it was “on the brink” at times...
...From what I can recall, it was TIME, among many other media outlets, that promoted Obama as a saviour. Poor man! You set the bar so high that his attempts to live up to your expectations were doomed to fail. Now you are among his fiercest critics, highlighting his failures almost with a sense of glee. I am not a great Obama fan, but give the guy a chance - he is only human and is trying, as best as he can, to call the right shots. Jacq Krige, PORT ELIZABETH, SOUTH AFRICA...
What is the best approach, if there is one, for resolving the "too big to fail" issue? -Lawrence Lin, Taipei If I could boil it down to one recommendation, it is that we need strong resolution authority so that any failing institution can be liquidated in a way that does not damage the financial system overall. Then taxpayers will never again have to come in and provide a bailout...
Demanding accountability is admirable, but it marks something of a change for the modern armed forces. There is a military maxim that a commander is responsible for everything his or her subordinates do, or fail to do. But this has been largely an empty clich in the post-9/11 era. As Army Lieut. Colonel Paul Yingling noted in a 2007 article in the Armed Forces Journal, "A general who presides over a massive human rights scandal or a substantial deterioration in security ought to be retired at a lower rank ... As matters stand now, a private who loses...
...enough? Not to everyone. "For Tiger the brand, the apology is an epic fail," says Coombs. "It is too little too late. Many sports writers have mocked today's media event, saying no self-respecting journalist would attend because you can't ask questions. When the media mocks the format of your apology, then it's a failure regardless of the content." Paul Furiga, president of WordWrite Communications, agrees, saying, "What is the takeaway? The headline? The moral of the story? Tiger failed to deliver one that is clear and compelling." There is still no alternative label for Woods than...