Word: lax
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...left large portions of the $8.8 billion Iraqi treasury "open to fraud, kickbacks, and misappropriation of funds," according to a draft obtained by TIME. The report was written by Stuart Bowen, a lawyer from Texas who became special inspector general for Iraq reconstruction. His audit cites Bremer for lax accounting (on one payroll, for instance, only 602 of the 8,206 names could be confirmed, with no paper trail for the rest of the cash) and inadequate disclosure (the CPA allowed Iraqi officials to delay reporting the $2.5 billion the interim government received in oil-for-food money last spring...
...double-decker behemoth that will seat up to 800 people. The A380 will make its first test flight this spring and begin flying passengers in 2006. But will U.S. airports be ready? No U.S. passenger airline has yet ordered the plane, but three airports--San Francisco's, Los Angeles' LAX and New York's John F. Kennedy--are gearing up for foreign airlines, such as Lufthansa and Singapore Airlines, that have. Some runways and taxiways have to be widened and terminals expanded for the extra passengers. Virgin Airways said it postponed delivery of its A380s, partly out of concern that...
National Security Agency (NSA). Everyone from the President to the customs cops stamping passports at LAX agrees this is a necessity...
...boardroom and executive-suite overhauls at the New York Stock Exchange and Disney. But earlier this year, CalPERS moved from the spotlight to the hot seat when it withheld support from Coca-Cola director and shareholder hero Warren Buffett because Coke's independent-auditor policy was allegedly too lax. At the time, John Castellani, head of the prestigious Business Roundtable, said the CalPERS attack on Buffett was "an absurdity." Then, when CalPERS targeted management at Safeway Inc., the grocer that took a hard line against Harrigan's union during a strike last year, conflict-of-interest charges rained down. "Harrigan...
...Unknowns’ lax attitude towards self-promotion and development of a fan base is evident even today—Warren was painfully cautious about asking for fan e-mail addresses, apologizing by saying that she felt “sleazy” and “like [she] was coming onto the audience” by soliciting information...