Word: systemic
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Dates: during 2010-2019
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Cities such as Port-au-Prince should be built better than they were before. The buildings should be constructed in adherence to strict building codes—resistance to hurricanes and earthquakes is a must. The creation of an extensive sanitation system, the implementation of an organized public transportation system, and investment in a reliable power grid that uses green energy sources like wind, solar, and geothermal will be crucial...
...begrudge the Republican minority its love of the filibuster. It is making due the best it can, given the structural constraints of the current system. But if 60 percent is such a magic threshold, I implore the GOP to apply it consistently. Scott Brown won with 52 percent of the vote; Martha Coakley received 47 percent. If GOP Senate logic applies, that means Coakley won with six percentage points to spare...
...Obviously, the financial system undertook excessive risk,” he said. “The banks didn’t do what they were supposed to do, which was to allocate capital, manage risk, run a payments mechanism, and do it all at low transaction costs...
Stiglitz also criticized the Obama administration and the Federal Reserve for lending money to banks without a vision of what a stable financial system should look like or an acknowledgement of the danger of risk-encouraging incentives...
...last major successful attack laid at the doorstep of al-Qaeda occurred nearly five years ago - the 2005 bombings on London's mass-transit system. But even in that instance, no one is certain that al-Qaeda was behind it. All we know is that the plot was somehow hatched in Pakistan, but the identity of the mastermind remains a matter of conjecture. Al-Qaeda certainly never provided proof that it had either foreknowledge or control of the attack...