The FEMA dispute began Sunday when Davis told CNN's "Late Edition" that the agency was continuing to mismanage the aftermath of Hurricane Katrina.

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They give less attention to the rather more numerous places (most of Africa, much of Latin America and Asia) where state bossiness has allowed self-interested and incompetent elites to mismanage their country.

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Annie Murphy Paul, author of The Cult of Personality: How Personality Tests Are Leading Us to Miseducate Our Children, Mismanage Our Companies, and Misunderstand Ourselves (Free Press, 2004).

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He thinks it wrong for Congress to waste other people's money, and wrong for chief executives to trouser huge pay packets when they mismanage.

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There's no system of accountability to make sure we get it back if these youth mismanage it.

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Many states have in place some legal framework devised to place cities and towns into receivership should they too badly mismanage their finances.

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Companies that mismanage it are operating in the dark and could be vulnerable to intrusions.

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