Word: prevention
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...almost speak of "Chimerica." When Fannie and Freddie were on the brink of collapse, many were surprised to learn that fully a fifth of China's currency reserves was composed of their bonds. Small wonder. Having spent much of the past decade intervening on currency markets to prevent the appreciation of its renminbi, China has accumulated a huge hoard of dollar-denominated bonds. No foreign nation stands to lose more from a U.S. financial collapse...
...Africa's Lesotho, where 10% of the population is infected with MDR and 30% is H.I.V.-positive, are relying on a collaboration between the government and Partners in Health, which provides private funding, to address another challenge in TB care: the need to isolate the sickest patients to prevent them from spreading the disease. Lesotho now boasts its first 10-to-15-room facility equipped with negative airflow, which contains and filters air circulating through TB wards. A single such center is hardly enough, but it is a start. "It shows you it is possible," says Raviglione. And that...
...attacked the U.S. Securities and Exchange Commission, then confused it with the Federal Election Commission. He even misplaced Spain. Senator Barack Obama, by contrast, was calm and reassuring, meeting with economic grownups and continuing his longtime advocacy of the kind of realistic regulations that might have helped prevent the financial catastrophe we find ourselves in. If ever there was a week the Democrats won, this was it. Jeffrey J. Mariotte, DOUGLAS, ARIZ...
Water? Check. Cooler to prevent the water from reaching boiling point? Check. AK-47 assault rifles, handguns, police authorization and walkie-talkies? Check, check, check and check...
...rescue packages are concerned, the presumption must be that, for institutions that avail themselves of a government or central bank rescue operation, the managements concerned lose their jobs, and the shareholders lose their money. This is not vindictiveness: it is needed to prevent moral hazard and to ensure more prudence in future, and of course to protect the taxpayer. As for oversight, banks and other financial institutions clearly need to be far better capitalized than the existing rules require...