Word: lacking
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Dates: during 2000-2009
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...Cindy Fornelli, executive director of the Center for Audit Quality, which is a Washington-based public-policy organization that represents public-company auditors, contends that all the Madoff case amounts to is a lack of sufficient regulation, not a failure of the accounting profession. "It is not the responsibility of the accountant for a capital-management firm to audit the underlying investments of the firms it invests in," says Fornelli. "The auditor is not in a position to test the existence of the underlying securities - especially in a fund-of-funds situation...
...water is usable by humans, we would have more than enough to go around if we took care of it. We don't. From industrial accidents like the benzene spill in northeastern China three years ago, which contaminated the drinking water of millions of people, to the lack of toilets (or proper sanitation) throughout much of the developing world, we're making good water unusable. As a result, our supplies of viable water for agriculture, industry and drinking are dwindling, even as population demands continue to grow. We don't just have a water crisis, according to Maude Barlow...
...what we really need to do is treat water as the limited resource it is, first by limiting pollution, then by reusing it as much as possible. The U.N.'s Barlow - whose mandate is to increase access to clean water for the 1.7 billion people worldwide who now lack it - is doubtful about the cost of recycling programs like Orange County's, especially for poorer countries. She'd like to see more focus on keeping water sources clean in the first place. But she knows recycling is a necessity. "Water is far, far too precious to waste," she says...
They also suggested the government's role in spurring scientific innovation should include improving infrastructure - from labs to computer networks - and making long-term funding commitments to researchers. "Funding for science is so shaky, scientists themselves end up being risk-averse," says Holt - a lack of certainty that he feels tends to stifle innovation...
...critics in the business community: "I've found business leaders don't oppose strong environmental programs. What drives them crazy is a lack of certainty. We can change that." (New York Times...