Word: flaw
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...Soon, though, the debate will get back to the plans' central flaw. From Berlin to Baltimore, government subsidies to boost car manufacturers hit by the recession have been a huge short-term success. But where will the consumers come from when the government aid runs out? "These scrapping schemes bring forward sales that would have occurred later," says Tim Urquhart, automotive analyst at IHS Global Insight in London. "They are just deferring the pain...
...Beyond large humanoid robots or industrial ones, Japanese researchers have also created a number of consumer-friendly inventions made for fun or therapy, like pet seals and robot chef that can whip up pancakes. But no matter how clever or cuddly, even in Japan commercial robots have a serious flaw: their price. Consumers balk at their heavy price tags, which typically run into the thousands. Sony's AIBO robotic dog, which cost $2,000 per pup, opened to much fanfare only to be cut in 2006, seven years after its introduction...
...hedger attempts to curb real risk - a supplier can squeeze prices higher by refusing to sell on the futures market. The supplier would sell oil just through private deals, whose prices are determined by the futures market - and not the other way around. This catch-22 represents the systemic flaw in the global oil market...
...tragic flaw was that Robert McNamara was someone who was incapable of imagining that he could be wrong. The mistakes in Vietnam were mistakes of arrogance and addiction to power," said Stephen M. Walt, a Kennedy School professor who added that he was "certainly no admirer of [McNamara...
...argument goes like this: the biggest flaw in current financial regulation is not that there is too little of it or too much, but that it relies on regulators knowing best. We regulate because financial systems are fragile, prone to booms and busts that can have harmful effects on the real economy. But regulators aren't immune to the boom-bust cycle. They have an understandable habit of easing up when times are good and cracking down when they're not. In doing so, they often amplify the ups and downs of markets rather than modulate them. (Watch TIME...