Tag: Failures

Pimco Warns of More US Regional Bank Failures on Property Pain

(Bloomberg) — Pacific Investment Management Co. expects more regional bank failures in the US because of a “very high” concentration of troubled commercial real estate loans on their books. Most Read from Bloomberg “The real wave of distress is just starting” for lenders to everything from malls to offices, John Murray, Pimco’s head of global […]

Arizona Democrats can’t afford to repeat their 2022 failures

President Joe Biden had a succinct message to Arizona voters who, in a few weeks, will be forced to live under a near-total abortion ban enacted in 1864: “Elect me, I’m from the 21st century.” It sounds simple, but Democrats would do well to drive that point home with voters if they truly hope to […]

New York state is throwing its $260 billion retirement fund at ‘long-standing failures of oversight’ at Tesla, Wells Fargo, and Chipotle

An investment fund wants a reckoning at three major companies after a litany of serious fraud, sexual harassment and racial discrimination allegations against them in recent years. The New York State pension fund, with $260 billion in assets, has hit Chipotle, Tesla, and Wells Fargo with shareholder proposals that would require them to disclose how […]

‘Many failures’ in police response to Texas school shooting, report says

Police made “many failures” when responding to a gunman who killed 19 students and two teachers at a Texas elementary school in 2022, an investigator said. Jesse Prado, a former police detective who compiled a report for Uvalde City Council, described rippling failures at the scene: failures of communication, poor training for live shooting situations, […]

DOJ report finds law enforcement failures during and after Uvalde school shooting

AUSTIN (Nexstar) — The Department of Justice took a “minute-by-minute” approach in its investigation of law enforcement’s response to the Robb Elementary School shooting in Uvalde. Its nearly 600-page report describes chaos, confusion and ignorance — all aspects that the Texas House of Representatives found within their own investigation released just weeks after the 2022 […]

Commission into school fire that killed 20 finds series of failures

Am investigation by a government commission into a fire that killed 20 children at an Indigenous boarding school in Guyana found multiple errors and systematic failures. Calling for reforms to avoid a repeat of the May 2023 fire, the report presented to President Irfaan Ali on Friday found there was a delay in seeking help […]