A fair and thorough account of what happened is imperative if we are to avoid future financial disasters.
BASEL, Switzerland — The world's top bank regulators agreed Sunday on far-reaching new rules intended to make the global banking industry safer and protect international economies from future financial disasters.
BASEL, Switzerland — The world's top bank regulators agreed Sunday on far-reaching new rules intended to strengthen the global banking industry and shield it against future financial disasters.
Even by non-financial standards the bailout has been less than a roaring success and may be helping to lay the groundwork for future financial disasters and bailouts, writes Christy Romero, the Special Inspector General for the Troubled Asset Relief Program, in her latest quarterly report to Congress, released Wednesday morning.
A spending limit, he said, would "prevent future financial disasters [and] never again allow politicians to recklessly overspend". In a memo shared with the Legislature, Schwarzenegger's office said he would not sign the bond measure unless lawmakers also place the spending cap on the March ballot.
This steep rise may discourage cities from bidding to host the games in future.Though financial disasters like the 1976 Montreal games are now rare, few Olympics manage to turn a profit.
Scare stories about future fiscal disasters don't help.
"That's still a question of whether we'll be able to get to them in time to prevent an ecological or financial disaster in the future," said a Pentagon official.
Stories abound about violence (especially gun violence these past few weeks), wars, security threats, terrorism, diseases, starvation, environmental disasters, current financial problems, future financial problems, climate change and other global and national problems.
