Hurricane Katrina Government Failure

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Failure is something in life that is unavoidable. Throughout life people will experience some type of failure whether it be done by themselves or the government. The government is one of the most criticized organizations and failure is something that will be experienced with them. Government failure is when the government intervenes, but instead of actually helping they negatively affect the situation. Moral hazard, information failure, excessive bureaucracy, or fixed prices are some examples of government failure. Hurricane Katrina was more than a tropical storm or hurricane. This storm was a natural disaster that caused most damage in New Orleans. Not only did this storm kill and injure numerous people, but it also flooded more of …show more content…

This is where the government failed. Not being prepared would be the explanation as to why it took days for rescuers to arrive. Even after arriving, the Federal Emergency Management Agency, also known as FEMA, did not even have an established plan. A hurricane is a disaster that people are able to know about ahead of time. That being said the government should have been prepared for the worst. These people went days with no food, water, or maybe even shelter. The citizens of New Orleans could only do so much for their neighbors. Some might have been able to be rescued before losing their lives if FEMA would have been prepared. Mattel Incorporated, the largest toy making company, produces children’s toys like Barbie, Polly Pocket, Elmo, and many more. With a company that manufactures their products in other countries, there comes the problem of laws and regulations not matching. Like China and the United States. Back in 2007 the United States had already banned lead based products from being used, but this was not true for China. This law is what led to the Mattel Toy …show more content…

For over a decade this scandal went unseen. Part of the reason could be the way Madoff handled his hedge fund. When the end of the month came around, Madoff made sure to sell all stock and financial tools. This was done so he only had the cash invested to report to the authorities. Another way he got away with this for so long is because his investors were not given an online access. The only way they knew of anything is when they received their monthly account information. People had their questions because it was so secretive and many investors actually filed claims against Madoff. However, the scheme continued with no acknowledgement to the claims from the SEC. If it was not for his two sons catching onto the scheme and reporting him, he may not have ever been caught. By the time the Ponzi scheme was reported, Madoff had embezzled about 65 billion

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