Word: governmentã
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This week, President Barack Obama called for the 19 largest banks in the country to undergo “stress tests” to determine whether they are adequately capitalized to withstand a significant economic downturn. Critics have claimed that the government??s worst-case economic condition forecasts are too weak, making the tests inadequate. Still, the tests should provide valuable information on the health of our banking system, and the administration was wise to order them. Should the results eventually show that any major bank is undercapitalized, the government should not hesitate in taking it into receivership...
...most curious and revealing part of the whole mess, however, was the media response to it: As the Chinese government struggled to suppress all footage of the incident (caused by their own TV personnel), blogs and tweets carried cell-phone photos and videos around the world. Ultimately, the government??s inability to stifle the flow of information encapsulates the internal inconsistencies and long-term inviability of the Chinese political system...
...Republic of China, CCTV is the largest broadcaster in the country. With 16 national channels and over 10,000 employees, it reaches over one billion people in mainland China, with around a 30-percent airtime share. In a knowledge era, CCTV is at the core of the government??s control over the population...
...increasingly democratized media, however, the “Great Firewall of China,” as bloggers and analysts have baptized the government??s grip on the Internet, is becoming increasingly useless. In and out of China, pictures and live video feeds from cell phones were swiftly circulated, as well as Twitter updates and Google Maps photos. They even made it to the Huffington Post, where people worldwide speculated as to how the government would try to control it—the media, not the fire...
...example, the government??s unmanned aerial vehicles identified heavy equipments belonging to an NGO called “Norwegian People’s Aid” being used by the LTTE to build a complex network of massive earth bunds around its major strongholds, such as Killinochchi and Mulattivu. Some bunds were longer than 30 miles and rose above 10 feet. When questioned, the NPA replied that LTTE robbed the machinery from them. The government??s position was further consolidated when the program officer of another NGO, called “ZOA,” stated...