Word: likelihood
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...elections—the Undergraduate Council’s, that is—but do you know your representatives? Chances are, you don’t. Sure, you might vaguely recall the visage of some door-to-door campaigner; you might’ve even voted. But, the likelihood that you’re actually well-acquainted with your council reps is slim to none. Every year, they campaign; we inattentively elect; and, after that, most of us are unaware of what goes on in the council—and they’re unaware of what goes on with...
...methods. He routinely declines press interviews and will describe his decision-making processes only via circumlocutions that even some veteran Fed watchers find confusing. He relies, of course, on factory reports, unemployment stats and other economic data. But he has also developed his own method to help evaluate the likelihood of various scenarios, assigning a probability to each outcome. His priority, he told the Senate banking committee in June, is understanding "the many sources of risk ... quantifying [them] ... and assessing the costs associated with each...
...opted to cut short-term interest rates to 1%, their lowest level since 1958. "His policy was to move aggressively to pre-empt the chance that this small-probability event would ever take place," says Roger Ferguson, the Fed's vice chairman. "The reward was to avoid any likelihood of deflation or economic collapse, but with a risk the Fed could end up stimulating inflation." It worked out: inflation remained in check...
Despite the Crimson’s recent success against their Ivy rivals, Harvard coach Tim Murphy is not discounting the possibility that the underdogs could come in and upset the undefeated Crimson. In all likelihood, the Cornell defense is the toughest Harvard will face all season...
...least this one thing right: If my communities are any indication, I’d conclude that the more accepted premarital sexual relationships are, the later and less likely couples are to get married. Where Bush and I differ, however, is on the interpretation of that likelihood. I think it’s great; Bush doesn?...