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This includes not just investors in the ill-fated ventures, but shareholders in the banks and other firms which backed them in other words, just about anyone in Brazil with the necessary wherewithal and expertise.
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Yet, anyone at any point in time with the necessary financial wherewithal could employ the service of cheap local labour to dig wells of subjective depths and specifications for water vending purposes.
So it's a long way of saying that the incumbents don't have the skills, don't have the wherewithal necessary to compete in this new world, and I don't think the acquisitions are working.
Nick Kent's Apathy For The Devil – A 1970s Memoir (Faber, £12.99) remains the best-written rock book of the year and provides a salutary warning of what happens when a rock journalist is seduced into trying to maintain the Keith Richards lifestyle without having the financial wherewithal or necessary support system in place.
Moreover, few, if any, local authorities whether towns, counties, villages, or municipalities have the financial wherewithal to provide necessary expert regulation comparable with that provided by the State and Federal Governments.
After a day spent dispatching more seafood than can ever be strictly necessary, we do not have the wherewithal for sticky toffee pudding or lemon cheesecake, but they all look fine as they pass.
Nigeria's new central bank governor has plenty of commercial experience, but it remains to be seen whether he has the political wherewithal to implement the necessary reforms.The Nigerian president, Umaru Yar'Adua, has nominated Lamido Sanusi as governor of the Central Bank of Nigeria (CBN) to replace Chukwuma Soludo, whose tenure expired at the end of May.
Rather than lower taxes, he reasoned, why not give universities the wherewithal to attract the necessary talent to compete in a global market.
By helping to increase Greek exports, the slumping euro is providing Greece's budgetary authorities the wherewithal for increasing tax revenues necessary for fiscal consolidation.
These founders knew quite well the significance and the challenge of their undertaking to help create and maintain a world class scholarly university library which would require substantial resources, in-kind donations of collections, and the wherewithal to acquire those items deemed necessary by the University.
"We were looking for another investor with strong experience in the public markets, a long-term vision for the industry and the financial wherewithal to invest additional capital when necessary, and found the perfect match," Ostberg said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com