Word: lax
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Dates: during 2000-2009
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...rules and restrictions that structure markets, while tax cuts instead put money in the pockets of American consumers to use within the existing regulatory environment. Plus, not all deregulation is created equal: The poor accounting standards that led to the Enron scandal have nothing to do with the lax supervision of securities that resulted in the current crisis. Still, revisionists continue to lump tax cuts in with lax oversight in their vapid judgments of Bush...
...auto industry woes are being felt here too. Over the last two decades, Mississippi, South Carolina and Tennessee lured automakers with relatively inexpensive land and lax labor laws. Now, Tennessee is fighting the possible closure of a GM plant in Spring Hill, and Toyota has already postponed the start of production of the Prius at a new plant in Mississippi...
...Florida officials are making their own surge, which is only fitting given that appallingly lax state oversight earlier in the decade allowed just about any crook to become a mortgage broker. Five people were busted in Miami on Thursday in a $4.5 million straw buyer scam. Florida Attorney General Bill McCollum this month filed a civil lawsuit against a number of alleged loan-modification scam artists on behalf of scores if not hundreds of people, most of them facing foreclosure, who claim they paid upfront fees as high as $3,000 to have their mortgage terms improved so they could...
...Thanks to the country's lax debt laws, the judicial route for lenders to recover what's owed them is slow and tortuous, so many lenders are turning to a more direct approach to get their money back - tapping into the Spaniards' fear of public humiliation. As a result, companies offering costumed collectors who recoup debts simply by showing up at a home or office and embarrassing the debtor in question have proliferated in Spain. But their days may be numbered, now that a committee of the Spanish parliament has approved a proposal to regulate the industry, a first step...
Other campus groups have reportedly had trouble booking events at the normally lax CCAE, and now we know why: Crimson Key president Lee Ann W. Custer '10, who is also a Crimson Arts editor, sent a facebook message to attendees explaining that...