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The immediate cause of the cash catastrophe was the failure of the House of Representatives to pass the Wall Street bailout bill.
NPR: Katrina's Unlearned Lessons Leave Financial Mess
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There is no way to fill in the space between the spines so that they are proof against catastrophe, or easily fixable at any point of failure.
ECONOMIST: Lessons from Deepwater Horizon and Fukushima
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But we acted because failure to do so would have led to catastrophe.
WHITEHOUSE: The Recovery Act �C Year One
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Some supporters of nuclear disarmament describe our current approach to nuclear strategy as a failure of imagination that one day could lead to unprecedented catastrophe (proponents of missile defense often say the same thing).
FORBES: Nuclear Weapons: How Few Is Too Few?
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That war, of which he was an enthusiast, was a catastrophe, he now admits, and he lays the blame for that on a failure to pay attention to the lay of the land.
NEWYORKER: Faces, Places, Spaces
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Past incidents of aircraft trying to fly through volcanic ash clouds and suffering damage and engine failure led European officials to shut their air spaces rather than risk a catastrophe, said Joe Sultana, an official at Eurocontrol, the intergovernmental body that manages European air travel.
CNN: Air travel paralyzed as volcanic ash cloud lingers