Word: personnel
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...airlines are obviously under severe economic pressure and are clearly trying to reduce the amount of time their personnel spend on the phone with unhappy customers. Still, in an era of burgeoning complaints about service, four-hour waits on the tarmac and renewed pressure in Congress for a passenger's bill of rights, this seems counterproductive, to say the least...
...while the report hammers the SEC for repeated instances of incompetence, it stops well short of declaring the SEC liable. "The OIG [Office of Inspector General] investigation did not find evidence that any SEC personnel who worked on an SEC examination or investigation of Bernard L. Madoff Investment Securities LLC had any financial or other inappropriate connection with Bernard Madoff or the Madoff family that influenced the conduct of their examination or investigatory work," the report notes. (See a Madoff family photo album...
...such that it might be hard for somebody to start investigating or shooting at someone of his stature [knowing that] if they're wrong, their career and others may suffer," says Schindler. Whether a federal court will hold the SEC accountable for the "human failings of one or more personnel" is the question, he says. If it does, though, he says the ruling would open the floodgates for people to make claims in every Ponzi scheme...
...According to a report by the Los Angeles Times, it cost $368,645 to operate a single heavy-lift helicopter for one week during a recent fire (though choppers have a smaller capacity than large tanker planes, they're more maneuverable and can also ferry personnel and equipment). The cost of the retardant itself adds up as well; the Phos-Chek slurry used by Cal Fire costs about $2 per gallon, Upton says. Tankers can dump 1,200 gallons during each pass...
...Japan's system is unlike that of the U.S. in that there's no personnel overhaul with a change in administration. Japanese bureaucrats wield more power - sometimes even more than elected officials - and have long called the shots on everything from budget formulation to foreign policy. The DPJ has vowed to expand the power of the Prime Minister's office and the Cabinet, something pursued by previous Prime Ministers. But it's a delicate job, and one that could easily go sour. (See pictures of Japan in 1989 and Japan...