The desiccation of the Aral Sea was one of the greatest environmental disasters of the latter part of the twentieth century. In 1960, it was the fourth largest lake in the world. However, since 1965, the sea has lost seventy five percent of its volume and the coastline has advanced hundred...

This paper discusses the key regulatory, market and political failures that led to the 2008-2009 United States financial crisis. While Congress was fixing the Savings and Loan crisis, it failed to give the regulator of Fannie Mae and Freddie Mac normal bank supervisory power. This was a...