Word: fails
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...were a white collar Delphi retiree, I'd be over the moon with rage. Ditto if I'd been a steelworker in Pennsylvania whose health care and pension were eviscerated when Bethlehem Steel failed. If I worked at one of the 106 nongiant banks that the government has allowed to fail this year, throwing thousands of people out of work, I'd be furious at the government for saving the big insolvent outfits but not mine...
...Break up institutions that are too big to fail so that we can allow them to fail. I don't know exactly how to do this - does anyone? - but that's how we solve the problem of letting the small fry fail while saving the wounded whales. Perhaps, as many have urged lately, we can start by reviving elements of the Glass-Steagall Act that kept old-fashioned banks out of the far riskier investment business. And out of big trouble. As we've seen, most of the giant rescued institutions didn't understand their problems until...
...FAIL...
...climate models, and by extension, whether we should really be concerned about potentially catastrophic temperature increases over the coming century. They further point out that plants may indeed thrive in a future with higher carbon dioxide levels - after all, greenhouses pump in extra CO2 to encourage growth - but they fail to note that hotter summers and increasing droughts could threaten agriculture. They assert that sea levels can rise only 1.5 ft. over the coming century, ignoring the very real risk of accelerated melting of the Greenland and Antarctic ice sheets, which would multiply that number. They downplay the risks...
...Reuters, the Taliban threatened to attack polling stations and close roads on the day of voting, saying the election process was at Washington's behest. "The Islamic Emirate of Afghanistan once again urges their respected countrymen not to participate," the message said. "In order to make this process fail, all the [mujahedins] will carry out operations on the enemy's centers." (See up-close pictures of the war in Afghanistan...