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Although the economic pain that is being inflicted on Russia and the ex-tigers is out of all proportion to the policy errors of their governments, the fact remains that the vulnerability to financial crisis was created not by international speculators and other bogeymen but by woefully inadequate oversight of domestic finance, private, public and quasi-public.
ECONOMIST: Heading for meltdown? | The
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He said these include high and volatile fuel prices, increased protectionist measures and the vulnerability of global financial markets.
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Government backing for the securitization of these toxic mortgages by Fannie Mae and Freddie Mac ensured this vulnerability was spread throughout the financial community of the U.S., and the entire world.
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This data offers some indication of the extent to which Mr. Bloch had access to information of extreme interest to the Soviet Union in its area of greatest vulnerability economic, financial and technology relations.
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The Bank of England warned of these dangers in April, pointing out that signs of vulnerability in one part of the financial system can quickly have knock-on effects in other parts.
ECONOMIST: British banks
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The financial crisis has also shown up Russia's vulnerability.
ECONOMIST: Russia, NATO and Europe
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Above this sits corporate and industrial vulnerability that threatens organisations' most valuable data -- be it financial records, customer data or intellectual property.
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The goal of Data Privacy Day is to educate people and companies on the vulnerability of personal data, including information shared on social networks, financial data and anything stored on cloud services.
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However, Republicans rejected any connection between budget resources and vulnerability at the Benghazi compound, citing a report by a State Department financial officer.
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