The appeals judges gave Jackson a sound judicial thrashing for this failure and for his bizarre and impudent remarks about the richest man in the world, which he made while the case was ongoing.

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For it is Asia's failure to develop this sort of sound and honest banking franchise that is one of the greatest limitations on its success.

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Although the committee's sound management has seen lobster catches increase, its failure to restrict fishing rights to those people who have a long-term interest in the existence of the resource threatens to reverse this gain.

ECONOMIST: The Galapagos Islands: Fishermen’s friends? | The