Word: formulaic
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...Eastern food and romantic Spanish music that's out of fashion." And then he hints at the heart of his motive. "I can thumb my nose at Mr. Death and say, 'You might get me, but you're not going to get all of me,'" he says. "The special formula that is me will live on into another lifetime. It's a partial triumph over death. I would leave my imprint not in sand but in cement...
...billion it was the largest single foreign investment in India ever?and an important litmus test for the country. Did the backward giant want to plug its gaping infrastructure gaps? The Maharashtra State Electricity Board agreed to buy all the power produced by Dabhol, and the pricing formula was shrewd: in the event of oil price increases or devaluation of the Indian rupee, the Electricity Board pays more. Well, oil has gone up and the rupee has gone down since Dabhol's 740 megawatt plant went operational two years ago?and that's why consumers like Treasurer have such high...
...came down the wires. Because of institutionalized subsidies, only 10% of the power consumers in the state pay a market rate. Add in the higher cost of Dabhol's electricity, produced from gas rather than the cheap, local coal usually used by Indian power stations, and it was a formula for bankruptcy. "Since this power is so expensive," says Vinay Bansal, chairman of the Electricity Board, "the more we buy, the more we lose...
...could have been John Travolta if he had been born in California instead of Khan Yunis. Like most Palestinians, he insists that the talks center on how, not whether, Israel should evacuate the territories it conquered in 1967. U.N. Resolutions 242 and 338 stipulated a "land-for-peace" formula, a principle that had formed the basis for the Madrid Peace Conference cosponsored by the U.S. in 1991, as well as the Oslo accords. By recognizing the state of Israel at Oslo, Palestinians felt they made the most magnanimous gesture possible. They acknowledged the Jewish people's right to take...
...Chairman applying Taylor rules would be harder to bash, since he'd just be following the formula. But that would also limit the good he could do. Taylor rules, many economists say, don't work because they are reactive. They don't move rates until inflation picks up. It's like not hitting your brakes until you touch the other guy's bumper. Greenspan's rate cut in August 1998 probably saved the world from financial meltdown. Taylor's rules would have precluded the move. It's seductive to think we could build a Greenspan box, a computer...