Word: implicit
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...credit in China is rapidly expanding -loans in the first quarter totaled $670 billion, almost equaling total lending for all of 2008- the risk of bad loans is increasing. With small and medium-sized private firms collapsing with disturbing frequency, SOEs offer Chinese banks a margin of safety: an implicit guarantee that the government will ultimately make good on their loans. This is making it harder for China's banks to adopt modern risk-management practices and diversify their traditional customer base, which is largely SOEs. "It's difficult to go on a massive spending binge and at same time...
...solution to global warming, it nevertheless constitutes an important victory for the White House. Until the interests can be aligned to pass a climate bill (and there is good reason to believe that won’t happen until 2010), the White House can use EPA regulation as an implicit threat: If Congress can’t get its own act together, the EPA will simply move forward on regulating emissions. It also buys time to build popular support and a political coalition to pass the imperfect but commendable draft bill presented by Congressmen Ed Markey and Henry Waxman...
...every observer believes the implicit threat of EPA regulation will be enough to force cap-and-trade opponents to fall in line. After all, the main criticism of cap-and-trade is that it may result in a rise in energy prices as carbon becomes more expensive (indeed, making fossil fuels more costly relative to clean renewable fuels is the point). Advocates argue that new green jobs created by acting on climate change will more than offset the price of cap-and-trade and that, in any case, the long-term cost of delaying on global warming will...
...demand a mental engagement from the viewer. The headboard used in “Sticky Fingers” was a large Afro Pick entirely covered in leather, its top curled into a Black Power fist. Viewers interpret the work depending on their prior understanding of these symbols and their implicit meanings. “We only understand anything from our experiences,” Biggers says. And when viewers bring their diverse experiences to their interactions with artwork, the result is often surprising, even for Biggers. He recounts one installation of a boat-like structure filled with books, which...
...also its ability to question the human experience. Zombie movies, he says, confront the natural propensity to empathize with human-like figures. “They address the big existential questions: what makes one human? Not human?” he explains. Schlozman also notes the moral lessons implicit in these movies. They warn of radiation risk and the dangers of conducting experimental tests on diseases; they offer a satirical commentary on governments that stand idly by in the midst of an apocalypse; they blatantly attack the emergence of materialistic tendencies even under dire circumstances.While Scholzman seeks to interpret...