Word: oversight
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...Toyoda won't be the only one in the crosshairs on Wednesday. Transportation Secretary Ray LaHood will speak on behalf of the National Highway Traffic Safety Administration (NHTSA), the regulatory body whose apparent lax oversight - since 2003 it opened and closed eight investigations of Toyota vehicles due to customer complaints - was pilloried on Tuesday. Accounts of NHTSA's failure to piece together a pattern of customer complaints have made the group one of the saga's twin villains. "Shame on you Toyota, for being so greedy, and shame on you, NHTSA, for not doing your job," said Rhonda Smith...
...flagship Prius and other hybrid models earlier this month would close an ugly chapter in its storied history. But a series of damaging revelations has rekindled whispers that the automaker has valued profits over safety. In a document dated July 6, 2009, and obtained by the House Oversight Committee, Toyota officials claim it saved $100 million in 2007 by negotiating a limited recall of Camry and Lexus models rather than taking more drastic actions. (See the top 10 product recalls...
...recent report by the Congressional Oversight Panel chaired by Harvard Law School professor Elizabeth Warren predicts a wave of commercial real estate loan failures that could jeopardize the stability of many banks, particularly mid-size and smaller banks...
European governments said the bank data legislation, while not perfect, at least required U.S. authorities to abide by several European demands on data protection and improved oversight. Yet despite their pressure - and last-minute pleas by such high-ranking U.S. officials as Vice President Joe Biden, Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner - the European Parliament voted down the measure on Feb. 11 by a hefty margin of 378-196. After the vote, the Obama Administration called it "a setback for U.S.-E.U. counter-terror cooperation." (See who's who in Barack Obama's White House...
...fall of 2007, Partners Healthcare embarked on a conflict of interest review to better define the relationship between industry and medicine as well as strengthen oversight of physician activity with drug companies...