Word: oversights
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...very least, experts and Democratic Senate staffers say, Lieberman is likely to lose his current role in the Homeland Security and Oversight Committee. "Reid will be under pressure to strip Lieberman's chairmanship from him," says Stephen Wayne, a political-science professor at Georgetown University. "If he votes to organize with the Dems, they will allow him to choose a committee assignment, but not chair...
...Bush Administration has also ruled that the more than 15,000 factory farms across the nation can avoid oversight by the Clean Water Act as long as they claim they don't discharge animal waste into streams or rivers. Environmentalists say that self-regulation will lead to worsening nitrogen and phosphorus pollution, which can poison drinking water and worsen dead zones in coastal areas...
...that, by and large, was how the biggest players in the financial-services sector acted in the run-up to the crisis. Taking on risk from instruments like credit-default swaps and collateralized debt obligations (CDOs) was treated as a profit center, often with little oversight of the mathematical models that spit out numbers about what it was all worth. The models proved spectacularly wrong because they precluded the possibility of an outsize event. Once big shocks, like declining home prices, started hitting, the models broke down. According to a report by a group of U.S. and international regulators, while...
...bipartisan group Cure Michigan, which argued that the embryos would likely be discarded anyway and had the potential to yield life-saving treatments and cures. Opponents, including Right to Life of Michigan, objected to the destruction of embryos and argued that the provision would limit the legislature's oversight of stem-cell research...
...gluten blamed for the death of thousands of pets in North America and another that shipped the diethylene glycol used in cough medicine that killed more than 100 Panamanians."While China's State Council announced new rules for stricter controls on food producers and tougher punishments for violators, poor oversight allowed producers to adulterate dairy products and animal feed with melamine until the latest scandal broke in September. And that means that after the livestock feed recall, the list of tainted products is likely to grow. "If animals are fed this stuff, then they have it in their meat," says...